IAC/InterActiveCorp. Chief Executive Barry Diller told Reuters yesterday that his intents are to embrace more internet initiatives in the near future rather than newspapers.

"I actually think that there's going to be real opportunity in the conversion of print journalism to online, real opportunity, which I think very few people have attacked head on," Diller told the Reuters Media Summit in New York. "We're doing it in our way from an original product creation at this point. I can't really talk about what we're doing because we're, I think, fairly close to announcing it," he said.

Diller said IAC's mix of dozens of different internet properties working together is beginning to prove itself and the advantages should become clearer in a few years.

IAC's digital holdings include retail sites HSN home shopping network and LendingTree.com, Ticketmaster and Match.com, and media businesses Ask.com and Citysearch.

"We've said we are an integrated conglomerate, which is different from conglomerates as we know them, which can go from ... light bulbs to the 'Today' show," he said, referring to General Electric Co. and its NBC Universal media unit. "We started to say it and more than saying it, we started to act like it."