In 1992, Barry Diller purchased a stake in QVC, a television shopping channel, for $25 million and in 1997 he purchased Silver King Broadcasting which included the Home Shopping Network. He reorganized the network into smaller, independently run local television stations producing local news and sports. Though he subsequently sold the company, he kept the Home Shopping Network as well as later Internet entertainment assets who was to form the foundation for IAC/InterActiveCorp of which he is the Chairman and Senior Executive and owns around 8% of the company. IAC/InterActiveCorp owns dozens of web companies including College Humor, and is the owner of most of the online dating companies and websites. IAC owns Tinder, OkCupid and Match.com among others. He is also currently the Chairman of Expedia, Inc. an online travel site. He is on the board of The Coca-Cola Company and a trustee of New York University.