IAC Splitting Into Five Companies
(Multichannel Merchant) AC/InterActiveCorp, whose properties include HSN and the Cornerstone Brands catalogs, will spin itself off into five separate publicly traded companies. HSN and the Cornerstone books such as Ballard Designs, Frontgate, Garnet Hill, Grandin Road, Isabella Bird, Smith + Noble, The Territory Ahead, and TravelSmith, fall into a business that will be called IAC…