IAC Appoints Craig Smith Chief Executive Officer of ServiceMagic

NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- IAC (Nasdaq: IACI) announced
today that Craig Smith has been appointed CEO of ServiceMagic, Inc. Mr. Smith
previously served as the Senior Vice President of the company's Consumer
Division. He will report directly to Barry Diller, Chairman and CEO of IAC.
ServiceMagic co-founders Rodney Rice and Michael Beaudoin will transition to
co-Chairmen of ServiceMagic, and will serve as advisers to the senior
management team.
"Craig has become an invaluable asset to the company," said Mr. Rice. "He
understands our customers, culture and organization. This experience, coupled
with his sound business acumen, will no doubt propel ServiceMagic into its
next phase of development."
"ServiceMagic is already a thriving business with a very compelling
consumer proposition, and I know Craig's passion will drive him to build on
the company's outstanding track record of growth," continued Mr. Beaudoin.
Mr. Smith has been with ServiceMagic since 2000, most recently running the
company's consumer division where he oversaw consumer marketing and
operations. Prior to this, he served as the Vice President of Business
Development, where he worked to cultivate strategic business partnerships.
"Mike and Rodney are true entrepreneurs who have gainfully leveraged the
scope of the internet to revolutionize the home improvement business," said
Mr. Smith. "Because of their leadership, ServiceMagic has grown from an idea
to a site that has successfully matched more than 7 million consumer requests
to a network of more than 50,000 contractors nationwide."
Today's move comes after IAC's November 2007 announcement of plans to
separate IAC into five publicly traded companies, spinning off HSN,
Ticketmaster, Interval International and LendingTree. Expected to be completed
in the second or third quarter of 2008, the new IAC will include:
-- The businesses currently comprising its Media & Advertising sector:
Ask.com, Bloglines, Citysearch, CursorMania, Evite, Excite, IAC
Advertising Solutions, InsiderPages, iWon, My Fun Cards, My Way,
Popular Screensavers, Smiley Central, Webfetti and Zwinky;
-- Match.com, ServiceMagic, Shoebuy.com, Entertainment Publications and
ReserveAmerica;
-- Emerging Businesses including Pronto and Gifts.com, Green.com, Primal
Ventures, and InstantAction;
-- IAC Programming businesses including Black Web Enterprises, BustedTees,
CollegeHumor, GarageGames, Very Short List, Vimeo and 23/6;
-- IAC's current investments in Active.com, Brightcove, FiLife,
MerchantCircle, OpenTable, Points.com and SHOP Channel.

About IAC
IAC operates leading and diversified businesses 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 view a full list of the companies of IAC please
visit our website at http://iac.com.
About ServiceMagic(R), Inc.
ServiceMagic(R), Inc., headquartered in Golden, Colo., is the nation's
leading online marketplace connecting homeowners with prescreened and
customer-rated home service professionals. Using proprietary technology to
match consumer service requests with local service professionals in real time,
the company addresses more than 500 different home service needs that range
from simple home repairs and maintenance to complete home remodeling projects.
In addition, its 50,000 home service professionals are prescreened to help
consumers connect with licensed and insured home service professionals.
ServiceMagic has more than 850 employees between its headquarters in Colorado
and its new operations center in Lenexa, Kansas. ServiceMagic is an operating
business of IAC/InterActiveCorp (Nasdaq: IACI). For more information, visit
http://www.servicemagic.com.
Contact Information:
IAC Communications Office IAC Investor Relations
Stacy Simpson / Leslie Cafferty Eoin Ryan
(212) 314-7470 / 7326 (212) 314-7400

ServiceMagic, Inc. Public Relations
(303) 963-8028
smpr2@servicemagic.com

SOURCE IAC

IAC Communications Office, Stacy Simpson, +1-212-314-7470, or Leslie Cafferty,
+1-212-314-7326, IAC Investor Relations, Eoin Ryan, +1-212-314-7400; or
ServiceMagic, Inc. Public Relations, +l-303-963-8028, smpr2@servicemagic.com