IAC Takes Majority Stake In CollegeHumor

Media mogul Barry Diller's Web content group has picked up a controlling interest in, a comedy Web site that offers edgy material for the college-age crowd.
IAC/InterActiveCorp on Tuesday said it has taken a controlling interest in, a comedy Web site that offers video, pictures and comedy about sex, alcohol and other edgy content that appeals to students.

The investment was the first by IAC Programming, a division launched last year to buy sites that provide content appealing to specific online communities. Under the deal, IAC/Interactive acquired a 51 percent stake and voting control over Connected Ventures LLC, which is the parent of

Financial terms were not disclosed. attracts more than 6 million unique visitors and 200 million page views a month, according to IAC.

"With its distinct brand of humor, CollegeHumor has emerged as a viral success with an enormously loyal audience among young adults," Michael Jackson, president of IAC Programming, said in a statement.

CollegeHumor founders Josh Abramson and Ricky Van Veen would continue to oversee Connected Ventures, which is developing a film for Paramount Pictures, IAC said. The company also has released the book "The CollegeHumor Guide To College," and operates retail site, which is aimed at the demographic.

IAC/InterActiveCorp, whose chairman and chief executive is media mogul Barry Diller, owns a long list of e-commerce Web sites, including Lendingtree, Ticketmaster and The company also owns the Home Shopping Network and the personals site

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