IAC Dissolving Programming Group; Lehman Leaving, Jackson Taking New Role

This story was written by Staci D. Kramer.
paidContent.org has learned that IAC (NSDQ: IACI) is dissolving its programming group as part of its post-spin reorganization. As a result, Nick Lehman, COO of programming for IAC, has to decided to leave. Michael Jackson, the president of programming who has worked with Barry Diller for a long time, will stay on in a new role. Lehman confirmed his move but declined comment on the reasons and referred to IAC public relations for details. Diller said recently that IAC would shed some of its emerging businesses and was rethinking investments; this appears to be part of that strategic shift.More to come.

By Staci D. Kramer