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IAC Up, Ask Down In Second Quarter

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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.

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