IAC Up, Ask Down In Second Quarter

iac.jpgA strong second quarter by IAC saw a 78% increase in profits, mostly driven by assets sales and reduced costs.

The positive headline results did not flow through to the struggling 4th ranked search engine Ask.com, which saw a decline in revenues. The second quarter decline comes despite a $100 million Crispin, Porter + Bogusky advertising campaign that should be resulting in increased traffic and revenue to the site.

The exact amount of the decline was not disclosed.