Diller lets arrows fly
Mogul trashes BuzzFeed, H’wood, reality TV
IAC/Inter Active Corp Chairman Barry Diller has a few choice words about reality-TV execs, journalism, and the movie business: None of them are good.
Diller, who owns 98 percent of the voting rights of Tinder owner Match Group, blasted reality TV in particular.
“I really do think that right now, certainly advertisers and anyone who is involved in any part of the media really does have to ques- tion the results of the kind of decades, decades-long sleazy reality TV, radio talk show that goes so over the top, etc. I think it is worth thinking about that stuff right now,” he ranted.
Diller helped launch Fox Broadcasting in 1986 with reality shows such as “America’s Most Wanted,” and “Cops.”
The billionaire, who has worked to build internet companies rather than continuing to toil in the TV and movie world, is still viewed as part of the Holly- wood mafia, though he believes Tinseltown is in the toilet with the exception of Disney.
“Huge blockbuster movies that have to do $500 million to break even — I mean, that is not a creative enterprise,” he noted.
Diller, who reportedly lost $60 million when he owned Newsweek and the Daily Beast, went on to blast sponsored content on news sites.
“I think it is kind of a weigh station that, over time, will disappear — sorry BuzzFeed,” he said. “It is a contradiction in terms. Sponsored content is either not content, or not sponsored. It cannot really be both.”
At CES, the headline maker, who once said he would leave the country or join the resistance if Donald Trump won the presidency, told interviewer Michael Kassan — CEO of consultancy MediaLink — that “I’m only marking this new presidency in one-year increments.”
Chelsea Clinton is a director of IAC.