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On a midmorning conference call, USA Networks (USAI Quote) Chairman Barry Diller and Lycos (LCOS Quote) Chief Executive Robert Davis were selling analysts on the three-way merger of Diller's Home Shopping Network, TicketMaster Online-Citysearch (TMCS Quote) and Davis' Lycos Web portal.
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USA/Lycos Deal: Big Picture or Small Screen?
The brave new world of media, entertainment and the Internet, circa Feb. 9, 1999:
| Main Story |  |
| Lycos Shareholders Go Searching for a Better Deal | |
| See Also | |
| News Analysis: USA Networks Uses Innovation in Programming -- and Accounting |
The merger, announced this morning, will create a new company, USA/Lycos Interactive Networks, with a market cap of close to $20 billion. With the deal, Lycos has moved away from potential blue-chip partners like General Electric (GE Quote) unit NBC or Time Warner (TWX Quote) and into the arms of Diller, who for 30 years has been one of Hollywood's foremost schlockmeisters. ...
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