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IAC to Sell CollegeHumor Unit, Which Will Cut Most of Workers

Jan. 8, 2020, 6:18 PM

Barry Diller’s IAC/InterActive Corp. plans to sell CH Media, the parent of CollegeHumor and other digital brands, to the unit’s chief creative officer, in a move that will cause most employees to lose their jobs.

Terms of the sale to longtime CH Media executive Sam Reich were not disclosed in a statement Wednesday. IAC will keep a minority stake in the business, according to a person familiar with the matter.

As part of the deal, the unit will restructure and lay off 100 employees in New York and Los Angeles, leaving the business with around five to 10 people, said ...