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IAC Earnings Drop But Ask.com Grows
Last night Ask.com’s parent company, IAC, reported earnings. Bloomberg reports that IAC’s profits dropped 98 percent in the fourth-quarter. The blame goes to the “entertainment coupon division.” But Ask.com’s media and ad segment division did pretty well, showing a growth of 46 percent in revenue from $109.5 million in Q4 2005 to $159.8 million in Q4 2006.