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04.20.07 12:52 AM

IAC Announces Online Initiative for the Black Community

Appoints Johnny C. Taylor, Jr. CEO

NEW YORK - April 18, 2007 - IAC (Nasdaq: IACI) announced today that it will launch an online destination for the Black community featuring topical content, relevant services and a platform for community interaction. Johnny C. Taylor, Jr. has been appointed CEO of the initiative, which is scheduled to launch in January 2008 and will be based in Charlotte, NC.

The yet-to-be-named site aims to bring the best the Web has to offer to the U.S. Black population, specifically catering to the community‘s distinct needs and interests. It will be part of IAC Programming, created in 2006 to grow branded online content properties that engage passionate communities.

“There exists enormous opportunity in today’s online landscape to provide Blacks with an experience that engages their unique communities through a collective voice,” said Mr. Taylor. “There are 40 million African Americans in the U.S., and we estimate an additional 20 million Blacks from Africa, Latin America and the Caribbean. IAC – with its superior technology, operational expertise and more than 60 brands – is poised to provide exceptional content and services for this growing and underserved population.”

Michael Jackson, President of IAC Programming, said, “Johnny has superb experience in talent acquisition and an exceptional track record in business strategy and execution. He is also a passionate advocate and leader for the Black community. With his intelligence, business acumen, and people skills, Johnny is the best person to launch this important Programming initiative – the first ethnically focused property in the IAC family of brands.”

For the past year, Mr. Taylor has served as IAC’s SVP of Human Resources in New York. Previously he was SVP of Human Resources at LendingTree, an operating company of IAC. Before joining LendingTree, Mr. Taylor was President of McGuireWoods HR Strategies LLC, and served as Executive Vice President, General Counsel and Secretary for Compass Group USA, Inc. Mr. Taylor also spent more than eight years in senior executive human resources and legal positions with Viacom subsidiaries Blockbuster Entertainment and Paramount Pictures.

About IAC
IAC is an interactive conglomerate operating more than 60 diversified brands in sectors being transformed by the internet, online and offline... our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. To learn more about IAC please visit http://iac.com.

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