the elmira and lake ontario railroad was a subsidiary of the northern central railway and later the pennsylvania railroad , formed to give the northern central an outlet for coal traffic on lake ontario .

elmira and lake ontario railroad

click the button below to add the elmira and lake ontario railroad company circa 1886 ( new york ) to your wish list .
parent pennsylvania railroad acquired control of the connecting newark and marion railway on may 4 , 1930 , and merged it into the elmira & lake ontario a year later . on january 31 , 1956 , the elmira & lake ontario was merged into the northern central railway .
the local railroad of interest is ( was ? ) the bessemer and lake erie railroad .
may 2 , 1857 it became the elmira , canandaigua and niagara falls railroad company .
1913 the northern central railroad is incorporated into the pennsylvania railroad system , becoming the elmira branch of the pennsylvania railroad .
1879 it was consolidated with the geneva , hornellsville and pine creek railway company to form the lake ontario southern railway company .
1994 newly formed ontario pathways negotiates the purchase of the unsold railroad right of ways .
february 18 , 1859 sold at foreclosure it became the elmira , jefferson and canandaigua railroad company .
the four who were injured were on both trains and hailed from pennsylvania and elmira .
the rochester and lake ontario railroad was organized in 1852 and opened in fall 1853 ; it was leased to the rochester , lockport and niagara falls railroad , which became part of the new york central , before opening . in 1855 it was merged into the new york central , providing a branch from rochester north to charlotte on lake ontario .
as early as 1851 there were serious thoughts of building a railroad north from pennsylvania to sodus bay on lake ontario so that coal from the pennsylvania mines could be more easily shipped to great lakes markets . sodus bay is reported to be the largest protected harbor on the southern shore of lake ontario .
by 1893 , the new york , lake erie and western railroad went into bankruptcy reorganization again and emerged in 1895 as the erie railroad .
a short line from canandaigua to a pier on canandaigua lake was built by the canandaigua lake railroad company , incorporated july 21 , 1887 , which was merged into the elmira & lake ontario on december 27 , 1888 . the principal purpose of the railroad was to serve as an outlet for coal shipments from the mines tapped by the northern central , using the coal pier at sodus bay to ship to markets on the great lakes .
according to the times article , the three dead were all on the northbound train — the head brakeman from williamsport , the middle brakeman from elmira and the engineer , also from elmira .
it was built as the syracuse , ontario & new york railway and was completed in 1891 .
the lehigh valley had several other branches in new york state : from the mail line to rochester ; the former southern central railroad from sayre to lake ontario ; a buffalo bypass ; and the elmira , cortland & northern . opened from cortland to ithaca in 1872 as the utica , ithaca & elmira , this old road was once 139 miles ( including the leased canastota northern to camden )
the delaware & northern was a bridge line to the ontario & western at east branch .
the erie still did not see profits and via bankruptcy was sold in 1878 to become the new york , lake erie and western railroad .
vanderbilt ' s other lines were operated as part of the new york central railroad ; these included the new york and harlem railroad , lake shore and michigan southern railway , canada southern railway and michigan central railroad .
the southern central railroad company was incorporated in september , 1865 , as the lake ontario , auburn and new york railroad , but subsequently its present corporate title was substituted . the company was authorized to construct a road from fair haven , on lake ontario , to athens , on the pennsylvania state line . 25 miles of the road were opened in 1869 ; 43 in 1870 ; 27 in 1871 ; and the remaining 22 miles in the winter of 1871 - 72 .
during the late 1800’s and into the early 1900’s , the lehigh valley built and acquired numerous feeder lines in upstate new york . these included a line north from ithaca following the east side of cayuga lake to auburn via cayuga and a bypass around buffalo for traffic to and from canada via niagara falls . lines also arose from geneva to cayuga , joining the new york central railroad “auburn road” branch just east of seneca falls to cross cayuga lake ; from geneva to naples ; from rochester to hemlock lake ; and from elmira to oneida lake via east ithaca , cortland , and canastota .
the erie began operating the chemung railroad in 1850 ; this provided a branch from horseheads north to watkins . the canandaigua and elmira railroad opened in 1851 as a northern extension from watkins to canandaigua and was operated by the erie until 1853 . at this point , the erie subleased the chemung railroad to the canandaigua and elmira . the c & e went bankrupt in 1857 and was reorganized in 1859 as the elmira , canandaigua and niagara falls railroad , at which time the erie leased it again . the chemung railroad reverted to the erie in 1858 during the bankruptcy .
the erie began operating the chemung railroad in 1850 ; this provided a branch from horseheads north to watkins . the canandaigua and elmira railroad opened in 1851 as a northern extension from watkins to canandaigua and was operated by the erie until 1853 . at this point , the erie subleased the chemung railroad to the canandaigua and elmira . the c & e went bankrupt in 1857 and was reorganized in 1859 as the elmira , canandaigua and niagara falls railroad , at which time the erie leased it again . the chemung railroad reverted to the erie in 1858 during the bankruptcy .
during 1905 , competition developed to build a railroad to williamson and pultneyville on lake ontario , as the ontario and wayne traction company , which had been chartered in 1901 as well as the newark & marion . they now sold more stock to build from canandaigua via palmyra to pultneyville . this line was the newark & marion ' s line to williamson , which died from lack of funding .
the elmira , cortland & northern ( later part of the lehigh valley ) had extended from canastota to camden in 1887 .
the canandaigua and niagara falls railroad continued this line beyond canandaigua to north tonawanda with trackage rights over the buffalo and niagara falls railroad to niagara falls and the niagara falls suspension bridge into ontario . this was leased by the canandaigua and elmira from its opening in 1853 to 1858 , when it went bankrupt , was reorganized as the niagara bridge and canandaigua railroad , and was leased by new york central railroad . the nyc converted it to standard gauge and blocked the erie from it .
the canandaigua and niagara falls railroad continued this line beyond canandaigua to north tonawanda with trackage rights over the buffalo and niagara falls railroad to niagara falls and the niagara falls suspension bridge into ontario . this was leased by the canandaigua and elmira from its opening in 1853 to 1858 , when it went bankrupt , was reorganized as the niagara bridge and canandaigua railroad , and was leased by new york central railroad . the nyc converted it to standard gauge and blocked the erie from it .
the new york , lake erie and western railroad company was incorporated as the new york and erie railroad company , april , 21 , 1832 . in 1861 it was reorganized as the erie railway company , which organization was continued until 1878 , when it was again reorganized , this time as the new york , lake erie and western .
september 15 , 1851 the rail line was completed into canandaigua . this is the canandaigua leg of present day ontario pathways .
the erie still did not see profits and via bankruptcy was sold in 1875 to become the new york , lake erie and western railway .
and western railroad to form the erie lackawanna railroad , becoming part of conrail in 1976 .
the two “legs” of ontario pathways , the canandaigua leg and the phelps leg , are both rail corridors dating back to the mid 1800’s .
new york ontario & western ‘s ellenville & kingston railroad began in 1871 with an eight - mile section between summitville and ellenville , followed by the extension from ellenville to kingston in 1901 .
that portion of the northern central railway lying within this state is a consolidation of three roads , viz . : the chemung railroad , leading from elmira to watkins ; the canandaigua and corning railroad , leading from canandaigua to watkins ; and the williamsport and elmira road . the chemung road was incorporated in may , 1845 , and opened in 1849 , having been leased while in course of construction to the new york and erie .
the erie railroad merged with the delaware , lackawanna and western railroad in 1960 . the new company became known as the erie lackawanna railroad .
the williamsport and elmira railroad was organized under the laws of pennsylvania in 1852 . the contractors for building the road were john s . king , of geneva , and i . j . stancliff and a . s . diven , of elmira , under the firm - name of king , stancliff & co . major wm . h . arnold was chief engineer .
orleans — fifty years ago next month , two trains collided head on in this ontario county hamlet , killing three train crew members and injuring four .
this company , as at present constituted , is a consolidation of the ithaca and cortland , and utica , horseheads and elmira railroad companies , the former of which was organized july 31 , 1869 , and the latter april 2 , 1870 .
in 1988 , the bessemer & lake erie railroad became part of transtar , inc . transtar was a privately - held transportation holding company with principal operations in railroad freight transportation , dock operations , great lakes shipping , and inland river barging that were formerly subsidiaries of usx , the holding company that owns u . s . steel . in 2001 , the bessemer & lake erie railroad became part of great lakes transportation , llc . on may 10 , 2004 , canadian national railway acquired the bessemer and lake erie railroad . iron ore and coal are still the route ' s major freight commodities .
in 1893 that railroad also went into bankruptcy reorganization , to emerge as the erie railroad .
this road enters new york state in the town of southport , and traverses the towns of southport , elmira , horseheads , and catlin , in chemung county , and montour , dix and reading , in schuyler county .
making this railroad a reality , however , was not going to be easy . other interests were competing to keep this pennsylvania and sodus bay railroad from operating . in geneva , a steamboat company and coal interests were trying to defeat the building of railroads throughout the counties . another railroad was planned to run through phelps in ontario county . in 1873 , a new geneva and ithaca railroad began operation .
the first railroad train in america - the mohawk and hudson - opened in 1831 - seventeen miles in length - miles of road in operation in new york in 1845 - location - miles of road in operation in new york in 1878 - cost of construction and equipment - the second railway in this state - the cayuga and susquehanna - the new york , lake erie and western - the northern central - the chemung - canandaigua and corning - the southern central - the lehigh valley - the ithaca and towanda - the geneva and ithaca - the cayuga lake - the utica , ithaca and elmira - the syracuse , geneva and corning - the new york and oswego midland - the tioga and state line - the chemung canal .
like the reading railroad , the prr served atlantic city , new jersey ; one of the four railroad squares in the board game monopoly is called pennsylvania railroad .
2 . baltimore and ohio 254645 was accepted from the shipper by the aliquippa and southern and in turn accepted in interchange by the pittsburgh and lake erie and the new york central without adequate inspection to determine that the lading was properly secured for movement .
cornelius vanderbilt obtained control of the hudson river railroad in 1864 , soon after he bought the parallel new york and harlem railroad .
jay gould and william vanderbilt together oversaw all east - west rail traffic in the mid - west . the owners ( the seney syndicate ) of a 350 - mile ( 560 km ) railroad , the lake erie and western railroad , were interested in tapping new sources of revenue . the stage was set for the creation of the new york , chicago and st . louis railroad .
on 13 april 1881 the new york , chicago and st . louis railway company bought the buffalo , cleveland and chicago railway , a railroad that been surveyed from the west side of cleveland , ohio to buffalo , new york running parallel to vanderbilt ' s lake shore and michigan southern railway .
. it bypassed rochester , had no manufacturing industries and was too close to the new york central . the lake ontario shore wasn’t able to make the grade and was sold to the rw & o in 1875 at a court sale for a bargain basement price . by building a short connection at oswego , the rw & o now had a through route from suspension bridge to norwood where connections were available to the atlantic ocean .
melious said he drove up on county road 20 and met deputies and railroad officials near the jensen farm .
the economic recession of the late 1970’s meant railroad layoffs , closures , and downsizing .
on december 7 , 1850 the tonawanda railroad and attica and buffalo railroad merged to form the buffalo and rochester railroad . a new direct line opened from buffalo east to batavia on april 26 , 1852 , and the old line between depew ( east of buffalo ) and attica was sold to the buffalo and new york city railroad on november 1 . the line was added to the new york and erie railroad system and converted to the erie ' s 6 foot ( 1829 mm ) wide gauge .
in 1845 a charter was granted to the canandaigua and corning railroad company to build a railroad line from jefferson ( later know as watkins glen ) to canandaigua .
soon the buffalo and state line railroad and erie and north east railroad converted to standard gauge from 6 foot ( 1829 mm ) broad gauge and connected directly with the nyc in buffalo , providing a through route to erie , pennsylvania .
there was a junction of the ny central ottawa div with the ogdensburg & lake champlain at moira . both roads shared the depot but had separate yards . in the early 1960s , while going to school in the north country , i remember one of the popular restaurants was called the crossroads in moira . i also remember there wasn’t really much in the town to indicate that it had been quite a rail center . the ogdensburg and lake champlain railroad ran to rouses point and vermont . by 1901 it was the rutland rr .
( dl & w ) . the first result of this was the abandonment of duplicate freight facilities in binghamton and elmira , new york . between 1956 and 1957 , the erie shifted its passenger trains from its former jersey city terminal to the dl & w ' s newer one in hoboken . also , the dl & w ' s main line between binghamton and elmira was abandoned in favor of the erie ' s parallel main line in 1958 . these successful business consolidations led to merger talks ( which , at first , also included the
south of franklin , connections were made to the pennsylvania railroad and a number of regional lines .
the pennsylvania and sodus bay railroad never became operational and its route does not appear on seneca county maps prepared after 1874 .
the syracuse , binghamton & new york railroad company was built between 1851 and 1854 and purchased by the lackawanna in 1869 .
the new york central railroad , known simply as the new york central in its publicity , was a railroad operating in the north - eastern united states . headquartered in new york , the railroad served a large proportion of the area , including extensive trackage in the states of new york , pennsylvania , ohio , michigan , massachusetts and much of new england and in the canadian provinces of ontario and québec . its primary connections included chicago and boston . the nyc ' s grand central terminal in new york city is one of its best known extant landmarks .
my grandfather was a railroad machinist ; my uncle a brakeman and conductor for many years . other family members worked on the railroad in one capacity or another from time to time .
that portion of the lehigh valley railroad lying within the bounds of this state embraces what are known as the ithaca and towanda , and geneva and ithaca roads .
the cayuga and susquehanna railroad company was the second railroad chartered in this state . it was incorporated jan . 28 , 1828 , with a capital stock of $ 150 . 000 , and authorized to construct a road from ithaca and owego .
the first railroad company incorporated in the state of new york was chartered april 17 , 1826 , under the name of the mohawk and hudson railroad company , and under its charter the first link in what is now known as the new york central and hudson river railroad was constructed , seventeen miles from albany to schenectady .
there is a stone marker for the accident just south of orleans on the ontario pathways , an eagle scout just built
train wreck trail
from near the marker to the river bed where you can still see parts of the trains on the hill .
in 1876 the lehigh valley took over the geneva , ithaca & sayre railroad .
may 4th , 1930 was when the pennsylvania railroad paid $ 140 , 000 to acquire the railroad and the next year , on march 2nd , many officials from williamsport and philadelphia came to marion to inspect the road .
if you look at the 1874 map of seneca county you will find the pennsylvania and sodus bay railroad from the very southern end of the county north to seneca falls . looking at the map , one would have no reason to even consider the possibility that this railroad never actually operated and not a single mile of railroad track in seneca county was ever laid for this railroad line !
the schenectady and troy railroad was chartered in 1836 and opened in 1842 , providing another route between the hudson river and schenectady , with its hudson river terminal at troy .
the erie railroad , the clearfield progress , november 16 , 1967 , page 1 .
michigan oscoda press iosco county news - herald oceana ' s herald - journal white lake beacon ludington daily news mississippi valley keokuk daily gate city ft . madison daily democrat hancock co . journal - pilot new york finger lakes times olean times herald salamanca press
in 1852 the buffalo and rochester railroad , part of the new york central railroad system , completed a new alignment between buffalo and batavia . the alignment from buffalo to attica was sold to the erie ' s buffalo and new york city railroad , a reorganization of the attica and hornellsville railroad , and converted to the erie ' s wide gauge . the extension from attica southeast to hornellsville opened on november 17 , 1852 , giving the erie access to buffalo , a better terminal than dunkirk .
the utica , chenango & susquehanna valley railroad was organized in 1866 and came under the lackawanna in 1870 . inclusion of the greene railroad company linked up this road with the syracuse route at chenango forks .
in 1852 the buffalo and rochester railroad , part of the new york central railroad system , completed a new alignment between buffalo and batavia . the new alignment from buffalo to attica was sold to the erie ' s buffalo and new york city railroad , a reorganization of the attica and hornellsville railroad , and converted to the erie ' s wide gauge . the extension from attica southeast to hornellsville opened on november 17 , 1852 , giving the erie access to buffalo , a better terminal than dunkirk .
vanderbilt kept most of the rail traffic on his lake shore and michigan southern . fewer trains on the nickel plate meant that they could move faster , so that is the railroad traffic they went after . by 1888 the nickel plate had been dubbed
the meat express line .
observers at fort wayne , indiana reported six long meat trains every night and a couple of fruit trains during the day .
in addition to the syracuse and utica direct , another never - built company - the mohawk valley railroad - was chartered january 21 , 1851 and reorganized december 28 , 1852 , to build a railroad on the south side of the mohawk river from schenectady to utica , next to the erie canal and opposite the utica and schenectady . the west shore railroad later built on that location .
the idea of an east - west railroad across northern ohio was very popular with the people of ohio . they wanted to break the high freight rates charged by jay gould and william henry vanderbilt . no one was less popular in ohio than william vanderbilt since the 29 december 1876 collapse of lake shore and michigan southern railway ' s ashtabula river trestle , where 64 people had been injured and 92 were killed or died later from injuries .
the eastern part of the prr ' s main line was built by the commonwealth of pennsylvania as part of the main line of public works , a railroad and canal corridor across the state . the system opened in 1834 , consisting of the philadelphia and columbia railroad from philadelphia west to columbia on the susquehanna river , a canal from columbia to hollidaysburg , the allegheny portage railroad from hollidaysburg to johnstown , and another canal from johnstown to the terminus in pittsburgh . the philadelphia and columbia railroad had one inclined plane at each end ; the allegheny portage railroad had ten .
the new york central lines of 1921 represented what were originally 315 separate companies . the new york central lines did not become known as the new york central system until 1935 . the principal component was the new york central railroad which represented 186 predecessor companies . its main line between new york and chicago was officially completed in 1914 when the lake shore & michigan southern was consolidated . the 6 , 075 main line and branch miles of the new york central railroad swelled to 12 , 550 by the leased , controlled and subsidiary lines .
george w . perkins brought frederick d . underwood into the erie railroad in 1910 . during the eastern railroad strike of 1913 underwood agreed to accept any ruling made by mediators under the
to the west of rochester , the tonawanda railroad was chartered april 24 , 1832 to build from rochester to attica . the first section , from rochester southwest to batavia , opened may 5 , 1837 , and the rest of the line to attica opened on january 8 , 1843 . the attica and buffalo railroad was chartered in 1836 and opened on november 24 , 1842 , running from buffalo east to attica . when the auburn and rochester railroad opened in 1841 , there was no connection at rochester to the tonawanda railroad , but with that exception , there was now an all - rail line between buffalo and albany with the completion of the tonawanda railroad . on march 19 , 1844 the tonawanda railroad was authorized to build the connection , and it opened later that year . the albany and schenectady railroad bought all the baggage , mail and emigrant cars of the other railroads between albany and buffalo on february 17 , 1848 and began operating through cars .
even after the assorted mergers and name - changes , the railroad was always known as the nickel plate in my family .
to restore access to the niagara falls suspension bridge , the erie got the suspension bridge and erie junction railroad chartered in 1868 . the line opened in 1871 , running from eastern buffalo to tonawanda and then alongside the new york central railroad ' s buffalo and niagara falls railroad to the bridge . the erie international railway , chartered 1872 and opened 1874 , provided a branch to the international bridge , and the lockport and buffalo railway , chartered 1871 and opened 1879 , provided a branch to lockport .
to restore access to the niagara falls suspension bridge , the erie got the suspension bridge and erie junction railroad chartered in 1868 . the line opened in 1871 , running from eastern buffalo to tonawanda and then alongside the new york central railroad ' s buffalo and niagara falls railroad to the bridge . the erie international railway , chartered 1872 and opened 1874 , provided a branch to the international bridge , and the lockport and buffalo railway , chartered 1871 and opened 1879 , provided a branch to lockport .
on july 1 , 1900 , the boston and albany railroad was leased by the new york central , although it retained a separate identity . in 1914 the name was changed again forming the modern new york central railroad .
1852 the sodus point and southern railroad surveyed the route and was granted a charter to build . it would be 19 more years before track work was started .
formerly erie railroad tracks pass through nutley , new jersey . track on left is out of service
the geneva and ithaca railroad was incorporated in 1870 , and in october , 1874 , was opened for business . as mentioned above , it was consolidated with the ithaca and athens , and is now operated by the lehigh valley road .
do you have any pictures or information about the newark and marion railroad ? please . you will get credit for anything you contribute .
i knew that something awful was happening , and having some experience in railroad accidents , i braced myself as best i knew how .
the marion branch was operated by the new ontario midland ( omid ) after 1979 , which took over several area branchline operations cast off by conrail . the last train over the old newark & marion was july 1984 , with privately owned ex - buffalo rochester & pittsburgh caboose # c2621 the last thing to leave town . by this time , track conditions in marion were terrible , and ontario midland had to pay a fee ( $ 100 . 00 ) to conrail for each trip across their mainline to access the marion branch . the cost to maintain the operation could not be justified and the remaining local businesses turned elsewhere . the seventy - nine year life of the newark & marion had come to an end .
the ithaca and towanda railroad company was incorporated in december , 1865 , and in 1868 , by a special act of the legislature , its name was changed to the ithaca and athens road . it was completed and opened for traffic in 1870 . it was subsequently merged with the geneva and ithaca railway , under the title of the geneva , ithaca and athens railroad . this name was afterwards superseded by geneva , ithaca and sayre , and is operated by the lehigh valley road .
in 1890 the new york central & hudson river r . r . published a book entitled “health and pleasure on america’s greatest railroad . ”
the syracuse and utica railroad was chartered may 1 , 1836 and similarly had to pay the state for any freight displaced from the canal . the full line opened july 3 , 1839 , extending the line further to syracuse via rome ( and further to auburn via the already - opened auburn and syracuse railroad ) . this line was not direct , going out of its way to stay near the erie canal and serve rome , and so the syracuse and utica direct railroad was chartered january 26 , 1853 . nothing of that line was ever built , though the later west shore railroad , acquired by the new york central in 1885 , served the same purpose .
the lockport and niagara falls railroad was chartered in 1834 to build from lockport on the erie canal west to niagara falls ; it opened in 1838 . on december 14 , 1850 it was reorganized as the rochester , lockport and niagara falls railroad , and an extension east to rochester opened on july 1 , 1852 .
the oldest part of the new york central was the first permanent railroad in the state of new york and one of the first railroads in the united states . the mohawk and hudson railroad was chartered in 1826 to connect the mohawk river at schenectady to the hudson river at albany , providing a way for cargo on steamboats to avoid the erie canal . the mohawk and hudson opened on september 24 , 1831 , and changed its name to the albany and schenectady railroad on april 19 , 1847 .
organized april 24 , 1872 . line of road : junction northern central railway , n . y . , to tioga railway , n . y . , about 6 . 5 miles . this road is intended to run from the junction of the northern central railway , 2 . 5 miles south of elmira , n . y . , to the pennsylvania state line , to intersect a branch of the tioga railroad . the road was opened in 1877 .
the few railroad jobs to be had went to the folks with closer family ties than i could muster .
here ' s the link again : urltoken . if that doesn ' t work , just type ontario pathways into the search engine at it will come up first on the list . thanks for all the info . the trailhead is located south off 96 ( there is a small parking lot with an ontario pathways sign ) . the parking lot is located perhaps . 25 miles east of the intersection of routes 96 and 488 . thanks for the answer regarding oswego . i figured it was something like that . i plan on hiking it further , perhaps from a trailhead that begins at the southern end in the small community of orleans on route 488 . i know there ' s an old water tower there that was built for the railroad but is still used by the local fire dept . it was mentioned on a previous thread .
1882 sold at foreclosure again . was bought by a . h . harriman who reorganized it to become the sodus bay and southern railroad company .
the buffalo and lockport railroad was chartered april 27 , 1852 to build a branch of the rochester , lockport and niagara falls from lockport towards buffalo . it opened in 1854 , running from lockport to tonawanda , where it junctioned with the buffalo and niagara falls railroad , opened 1837 , for the rest of the way to buffalo .
the paterson and ramapo railroad and union railroad opened in 1848 , providing a connection between the erie at ramapo and jersey city , across the hudson river from new york city . through ticketing began in 1851 , with a required change of cars at ramapo due to the gauge break . in 1852 the erie leased the two companies along with the paterson and hudson river railroad , and erie trains begin operating to the new jersey rail road ' s jersey city terminal on november 1853 after a third rail for wide gauge was finished .
also in 1855 came the merger of the lewiston railroad , running from niagara falls north to lewiston . it was chartered in 1836 and opened in 1837 without connections to other railroads . in 1854 a southern extension opened to the buffalo and niagara falls railroad and the line was leased to the new york central ; it was merged in 1855 .
the utica and schenectady railroad was chartered april 29 , 1833 ; as the railroad paralleled the erie canal it was prohibited from carrying freight . revenue service began august 2 , 1836 , extending the line of the albany and schenectady railroad west from schenectady along the north side of the mohawk river , opposite the erie canal , to utica . on may 7 , 1844 the railroad was authorized to carry freight with some restrictions , and on may 12 , 1847 the ban was fully dropped , but the company still had to pay the equivalent in canal tolls to the state .
the spuyten duyvil and port morris railroad was chartered in 1869 and opened in 1871 , providing a route on the north side of the harlem river for trains along the hudson river to head southeast to the new york and harlem railroad towards grand central terminal or the freight facilities at port morris . from opening it was leased by the new york central .
the buffalo and niagara falls railroad was also merged into the new york central in 1855 . it had been chartered in 1834 and opened in 1837 , providing a line between buffalo and niagara falls . it was leased to the new york central in 1853 and merged in 1855 .
in december 1928 , s . c . comstock of newark , who had large canning interests in marion , bought the controlling interest in the railroad . he devoted a good deal of time to improving the railroad , more land was purchased and sidings were installed , making a greatly expanded yard for shifting and loading .
reader paul shinal of seneca falls — he is the secretary and historian of the central new york model railroad club and historical society — suggested we revisit this may 14 , 1964 , accident on its 50th anniversary since “it was likely the last major accident resulting in the death of railroad employees in this area . ”
although educated as a physician , william seward webb built two hundred miles of railroad and opened up the adirondack wilderness where others had failed . new york central tracks reached into the adirondacks . one line even went across the canadian border to ottawa . the adirondack railroad originally started in herkimer and later moved to utica .
the paterson and ramapo railroad and union railroad opened in 1848 , providing a connection between the erie at the village of suffern in ramapo and jersey city , across the hudson river from new york city . through ticketing began in 1851 , with a required change of cars at ramapo due to the gauge break . in 1852 the erie leased the two companies along with the paterson and hudson river railroad , and erie trains begin operating to the new jersey rail road ' s jersey city terminal on november 1853 after a third rail for wide gauge was finished .
in 1853 the prr surveyed the lancaster , lebanon and pine grove railroad from philadelphia west via phoenixville to salunga on the portsmouth , mount joy and lancaster railroad . this was done in order to show the state that the prr was willing to build its own alignment around the philadelphia and columbia . on july 31 , 1857 , the prr bought the whole main line of public works . the philadelphia and columbia railroad was integrated into its system . most of the new portage railroad , just completed the previous year at a cost of $ 2 . 14 million , was abandoned , while short sections became local branches . the canals were abandoned , and short sections were filled and covered by rails . in 1904 the new portage railroad east of the gallitzin tunnels ( through the
muleshoe curve
) was reopened as a freight bypass line .
plane number 1 of the portage railroad was bypassed on april 1 , 1852 . other planes began to be bypassed by the new portage railroad , completed in 1856 , but on february 15 , 1854 the prr ' s new line opened , leaving the old one on the east side of the ridge in altoona and running west via the horseshoe curve and gallitzin tunnel , only using a short portion of the old portage railroad near south fork and a longer adjacent section of new portage railroad . a reciprocal trackage rights agreement made march 18 , 1854 allowed the prr to use that section for free .
the new york central paid a high price for the rw & o but got a well - built railroad in a fairly populous and non - competitive area .
on december 1 , 1871 [ 2 ] the prr leased the united new jersey railroad and canal companies , which included the original camden and amboy railroad from camden , across the delaware river from philadelphia , to south amboy , across raritan bay from new york city , as well as a newer line from philadelphia to jersey city , much closer to new york , via trenton . track connection in philadelphia was made via the united companies ' connecting railway and the jointly - owned junction railroad .
a truss - style bridge — known as the rumsey street bridge — that was built for the railroad in seneca falls .
in 1867 vanderbilt acquired control of the new york central , with the help of maneuverings related to the hudson river bridge in albany . on november 1 , 1869 he merged the new york central with his hudson river railroad into the new york central and hudson river railroad . this extended the system south from albany along the east bank of the hudson river to new york city , with the leased troy and greenbush railroad running from albany north to troy .
for 11 round trips on weekdays and saturdays , and four round trips on sunday .
a new commuter line was built through westchester and putnam counties in 1879 and 1880 .
the new york , chicago and st . louis railroad , abbreviated nyc & st . l , was a railroad that operated in the mid - central united states . commonly referred to as the nickel plate road , the railroad served a large area , including trackage in the states of new york , pennsylvania , ohio , indiana and illinois . its primary connections included buffalo , new york , chicago , illinois , cleveland , ohio , indianapolis , indiana , st . louis , missouri and toledo , ohio .
in the 1850s one railroad route ( railway line ) to get from new york to chicago meant disembarking in erie , pennsylvania and boarding another train . this was because the railroads which met in erie had different gauges ( the distance between the rails ) . from erie to ohio , the gauge was 4 feet , 10 inches via the franklin canal company ' s railroad . from new york state to erie the gauge was 6 feet via the erie and northeast railroad .
by the mid - 1980’s when i went looking for a job , there was little chance to work locally on the railroad .
as well as providing an important link , it also put the lackawanna in the resort business . the branch to richfield springs was on canadarago lake and tourist trains now ran from hoboken . the utica - binghamton line was a big dairy carrier and solid milk trains ran until the late 1940’s . army reservists also used this line up to the 50’s to travel from new jersey to utica then over the new york central’s st . lawrence division to camp drum near watertown .
the utica , clinton & binghamton railroad was owned by the delaware & hudson , leased to the o & w , and finally sold to the o & w in 1942 for $ 250 , 000 . the rome & clinton railroad was sold by the d & h to the o & w in 1944 .
henry tatnall was the first professionally - trained vice president in charge of finance on the pennsylvania railroad , serving from 1904 to 1925 .
the troy and greenbush railroad was chartered in 1845 and opened later that year , connecting troy south to east albany on the east side of the hudson river . the hudson river railroad was chartered may 12 , 1846 to extend this line south to new york city ; the full line opened october 3 , 1851 . prior to completion , on june 1 , the hudson river leased the troy and greenbush .
melious was on shuttle patrol until daylight . two others with four - wheel drive vehicles , fred durkee and lloyd aikens , were also called in to help . melious transported the dead and injured , as well as railroad bigwigs .
to acquire a source of fuel for its locomotives . this action began with the february 26 , 1859 merger of two earlier roads to form the buffalo , bradford and pittsburgh railroad company . the new organization was sponsored by the new york and erie railroad company , later known as the erie . the b . b . & p . ran for 25 . 97 miles through
albany industrialist and mohawk valley railroad owner erastus corning got the above railroads together into one system , and on march 17 , 1853 they agreed to merge . the merger was approved by the state legislature on april 2 , and ten of the remaining companies merged to form the new york central railroad on may 17 , 1853 . the following companies were consolidated into this system , including the main line from albany to buffalo :
no attempt , however , was made to construct the road until the building of the chemung canal from elmira to watkins . the successful accomplishment of this project was regarded by the citizens of ithaca and owego as detrimental to the interests of their towns , and a movement was started by simeon de witt , then a resident of ithaca , and others to build the road . in march , 1832 , the capital stock was increased to $ 300 , 000 , and the road was opened in april , 1834 . in the following month the capital stock was increased to $ 450 , 000 , and in april , 1838 , the legislature authorized a loan to the company of $ 250 , 000 , taking a lien upon the road and its appurtenances .
hostilities began between the railroads and the townsfolk on 7 december , 1853 , when the railroads started changing their tracks . the mayor led a force of about 150 townspeople under the guise of ' special police ' to ' restore order ' to the situation . these police officers tore down railroad bridges and ripped up the tracks , earning them the nickname ' the rippers ' . the rippers ' actions left a nearly eight mile gap in the erie and northeast railroad ' s rail line . the rippers threw rotten eggs and spoiled vegetables at railroad officials who attempted to prevent the destruction of the company ' s property .
the canandaigua and niagara falls railroad was chartered in 1851 . the first stage opened in 1853 from canandaigua on the auburn road west to batavia on the main line . a continuation west to north tonawanda opened later that year , and in 1854 a section opened in niagara falls connecting it to the niagara falls suspension bridge . the new york central bought the company at bankruptcy in 1858 and reorganized it as the niagara bridge and canandaigua railroad , merging it into itself in 1890 .
reynolds , william , peter k . gifford , and robert d . ilisevich . european capital , british iron , and an american dream : the story of the atlantic & great western railroad ( the university of akron press , 2002 ) .
along the line of the hudson river railroad , the high line was built in the 1930s in new york city as an elevated bypass to the existing street - running trackage on eleventh avenue , at the time called
death avenue
due to the large number of accidents involving trains . the elevated section has since been abandoned , and the tunnel to the north , built at the same time , is only used by amtrak trains to new york penn station ( all other trains use the spuyten duyvil and port morris railroad to access the new york and harlem railroad ) .
. the erie railroad repair shops were located in hornell , and were hornell ' s largest employer . hornell was also where erie ' s main line split into two routes , one north to
the railworker railroading has always been a special kind of dangerous job . with the prestige of working for a railroad came the daily dangers . injuries and death were always feared . the heavy weight of all railroad items and the speed of the trains created an atmosphere where all employees had to be alert at all times . male and female employees worked at all kinds of jobs . all kinds of physical and mental skills were needed . there are nearly 100 job descriptions associated with railroading .
three years after the fighting started the politicians at the state capitol in harrisburg passed a law which authorized the state to standardize the railroad gauges .
in 1848 the railroad built the starrucca viaduct , a stone railroad bridge over starrucca creek in lanesboro , pennsylvania which has survived and is still in use today . the viaduct is 1040 feet ( 317 m ) long , 100 feet ( 30 m ) high and 25 feet ( 8 m ) wide at the top . it is the oldest stone rail bridge in pennsylvania still in use .
the saratoga and hudson river railroad was chartered in 1864 and opened in 1866 as a branch of the new york central from athens junction , southeast of schenectady , southeast and south to athens on the west side of the hudson river . on september 9 , 1867 the company was merged into the new york central , but in 1867 the terminal at athens burned and the line was abandoned . in the 1880s the new york , west shore and buffalo railway leased the line and incorporated it into their main line , taken over by the new york central in 1885 as the west shore railroad .
another reason for the popularity of the new york , chicago and st . louis railway was the positive economic impact on cities that any new railroad went through at that time . during a newspaper war to attract the new york , chicago and st . louis the norwalk , ohio chronicle newspaper referred to the new york , chicago and st . louis as
. . . double - track nickel - plated railroad .
the new york , chicago and st . louis adopted the nickname and it became better known as the nickel plate road .


iac/interactivecorp ( also known as iac ) is an american media and internet company , with over 150 brands across 100 countries , headquartered in new york city .

joey levin , who previously led the company 's search & applications segment , has been the company 's chief executive officer since june 2015 .

iac ( company )

iac applications ( formerly mindspark interactive network ) an iac company hasn ' t added any jobs yet .
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joey levin is the chief executive officer ( ceo ) of iac ( nasdaq : iac ) .
barry diller is also stepping down as iac’s ceo , and will be replaced by greg blatt , formerly chief executive of iac portfolio company urltoken .
©2018 mindspark interactive network , inc . an iac company . all rights reserved . contact privacy terms
greg blatt is named ceo of iac . barry diller is named chairman and senior executive of iac .
iac / interactivecorp is forming a new digital publishing company that will group all of its websites together .
video : iac’s collection of premium digital video properties and platforms , including iac’s next big bet vimeo , electus ( which includes collegehumor ) , and iac films .
barry diller , the chairman of iac , will spin off the company’s online dating business into a separate publicly traded company by the end of the year .
iac is a leading media and internet company with more than 150 brands and products serving loyal consumer audiences .
chelsea clinton has joined the board of iac / interactivecorp , the internet media company controlled by barry diller .
iac appoints greg blatt as ceo of match . com . gregg winiarski is named svp , general counsel of iac
glassdoor gives you an inside look at what it ' s like to work at iac , including salaries , reviews , office photos , and more . this is the iac company profile . all content is posted anonymously by employees working at iac .
he was also the person iac chairman barry diller tasked with taking the match group forward after the company’s ipo in 2015 .
barry diller has been the chairman of the board and senior executive of expedia group since the completion of the company’s spin - off from iac / interactivecorp ( “iac” ) in august 2005 .
parent company iac has promoted anjali sud , who has been the video company’s general manager , to the ceo spot . she replaces joey levin , who had been running vimeo as an interim manager since june 2016 , while also serving as iac’s ceo .
“along the way , he served three years as ceo of iac , during which time iac experienced strong growth , before returning to match group to commence its life as its own public company .
an iac spokesperson said the
outrageous , offensive comment
did not reflect the company ' s
views and values
.
new york ( ap ) — iac / interactivecorp is forming a new digital publishing company that will group all of its websites together .
iac ' s the daily beast completes deal with newsweek , forming the newsweek / daily beast company llc . ( announced 11 / 10 )
prior to the purchase , shoebuy was owned by iac , a new york - based media company whose chairman is expedia chairman barry diller .
in july 2009 , iac partnered with ben silverman to create electus , a company focused on multimedia production and online distribution . [ 32 ]
its most recent spinoff was of match group , the parent company of urltoken and tinder , but iac still owns most of that business .
looking ahead , fitzgerald expects all of iac’s businesses to focus on the mobile market in 2017 . iac’s mobile revenue jumped 170 percent in q4 .
there have been media reports that iac was in the hunt for that internet unit and the new digital publishing company may be a good fit .
ms . clinton will earn $ 50 , 000 per year as an iac board member . the company also granted ms . clinton $ 250 , 000 worth of iac shares that vests in equal installments over three years .
angie ' s list ( angi ) on monday agreed to be acquired by iac ( iac ) , the parent company of rival homeadvisor , for more than $ 500 million . the deal comes about a year and a half after angie ' s list rejected a $ 512 million offer from iac .
the company’s match group , which owns match . com , tinder and okcupid , plans to issue less than 20 percent of its shares in the offering , with iac holding the rest , according to a company release .
iac / interactivecorp ( nasdaq : iac ) may have more room to the upside . jefferies has upgraded the internet stock to buy , and analyst brian fitzgerald said investors aren’t fully appreciating the value of the company’s key brands .
paidcontent reports iac ( iaci ) will acquire people media , a company that owns a portfolio of dating sites , for $ 80 million in cash .
iac / interactivecorp , the company behind digital businesses such as dating site match . com , has been seeking a buyer for pricerunner for several months .
iac is an internet and media company and the parent of 16 key brands , some of which run their own , smaller brands under their wings .
media and internet company iac , or interactivecorp , on monday said it is buying angie ' s list inc . with the aim of melding the consumer reviews company with its homeadvisor business and creating a new publicly traded enterprise .
our new name , iac applications , reflects our proud association as part of parent company iac / interactive corp . , a leading media and internet company comprised of some of the world ' s most recognized brands and products , including : homeadvisor , vimeo , about . com , urltoken and the daily beast .
why barry diller stepped down as ceo of iac - dec . 2 , 2010
iac consumer applications and portals changes its name to mindspark interactive network , inc .
iac and urltoken acquire lexico , owner of dictionary . com , urltoken and urltoken
i applied online . the process took 5 days . i interviewed at iac .
chairman of the board and senior executive iac / interactivecorp expedia group , inc .
handing over search advertising and technology to google has been a good bet for the company . google has actually been contributing to a portion of iac’s ask . com’s search results and last fall , iac announced that it would be completely outsourcing ask’s search ( although it’s unclear to which company , it could be google ) .
the company did so with cramer - fave online travel company expedia , tripadvisor , home shopping network , and ticketmaster , which has since merged with live nation .
the new york - based iac is run by media mogul barry diller . the company also owns internet brands such as vimeo , college humor and about . com .
depending upon the number of angie’s list shareholders electing to receive cash , iac projects it will own between 87 percent and 90 percent of the post - merger company .
iac / interactivecorp is acquiring urltoken inc . for a sum it did not disclose .
iac completes spin - off of expedia , inc . ( announced 12 / 04 )
iac makes 30 % investment in elong , inc . ( announced 7 / 04 )
iac / interactive is expected to acquire ask jeeves in a stock transaction , exchanging shares in iac / interactive for shares in ask jeeves , then buying 60 percent of the just - issued iac / interactive shares back for about $ 1 . 2 billion .
iac / interactivecorp ceo barry diller to take the stand - mar . 13 , 2008
wednesday ' s testimony from iac vice chairman victor kaufman revealed that iac and liberty , several times throughout 2007 , discussed a swap agreement whereby liberty would exchange its iac shares for full ownership of the home shopping network . the deal didn ' t happen .
iac ' s retailing segment , including hsn tv , hsn . com , and the
and there is even more . . . the iac agm and members ' voices .
anjali sud gets a promotion ; joey levin goes back to running iac full time .
iac / interactivecorp ( iac ) , incorporated on july 28 , 1986 , is a media and internet company . the company ' s brands include homeadvisor , vimeo , dictionary . com , the daily beast , investopedia and match group ' s online dating portfolio , which includes match , tinder , plentyoffish and okcupid . the company operates through segments , which include match group , homeadvisor , video , applications and publishing .
in august 2005 , the company bundled together its travel - related sites , including expedia , and spun them off as a new publicly traded company on the nasdaq .
true enough , diller still currently owns shares representing approximately 34 % of the total votes of all classes of iac stock , the largest individual voting stake in the company .
operating segments iac’s core areas of operation are angi homeservices inc . , match group , video , publishing , and applications . the company reports revenue in the following segments :
about iac iac ( nasdaq : iac ) is a leading media and internet company composed of widely known consumer brands , such as match , tinder , plentyoffish and okcupid , which are part of match group’s online dating portfolio , homeadvisor and angie’s list , operated by angi homeservices , as well as vimeo , dotdash , dictionary . com , the daily beast and investopedia . the company is headquartered in new york city and has offices worldwide .
copyright © 2018 pr newswire association llc . all rights reserved . a cision company .
ziff communications company is formed , with ziff - davis becoming one of its divisions .
the daily - deal pioneer’s run as an independent company could be nearing an end .
, the one - time parent company that still owns a majority of match stock .
angie ' s list on monday , may 1 , 2017 , agreed to be acquired by iac , the parent company of rival homeadvisor , for more than $ 500 million .
in january 2015 , iac sold urbanspoon to zomato for $ 52 million . [ 49 ]
iac will produce the various corvette components in dayton , tenn . pre - production and prototype components are currently being tested and iac expects to begin full - scale production in july .
iac expects to issue less than 20 % of its common stock in the offering , which could be completed during the fourth quarter of this year , iac said in a release .
, iac ' s chairman and senior executive .
over the last two decades , iac and its progeny have grown into seven separate public companies with a current shareholder value of over
copley said iac ' s decision to keep the angie’s list name could be considered reassuring .
iac ( nasdaq : iac ) is a leading media and internet company comprised of widely known consumer brands such as homeadvisor , vimeo , dictionary . com , the daily beast , investopedia , and match group ' s online dating portfolio , which includes match , tinder , plentyoffish and okcupid . the company is headquartered in new york city and has offices worldwide .
in january 2013 , iac acquired online tutoring firm tutor . com . [ 41 ] on august 3 , 2013 , iac sold newsweek to the international business times on undisclosed terms . [ 42 ] in november 2013 , iac acquired investopedia and pricerunner from valueclick . [ 43 ]
it was iac / interactivecorp ' s first massachusetts acquisition since 2004 , when it acquired the travel search engine tripadvisor . iac / interactivecorp also contributed to a $ 16 million funding round last fall for brightcove inc . , a cambridge , mass . , internet video company .
another highly - anticipated product iac is involved in with gm is for the 2014 chevrolet camaro . iac will produce the instrument panel for the next - generation muscle car here in michigan .
homeadvisor ceo chris terrill will stay in that role at the post - merger angi homeservices , and iac interactive ceo joey levin will become chairman of its board , the company said .
on august 26 , 2012 , iac acquired urltoken from the new york times . [ 40 ]
iac : and then there were five
. forbes . retrieved june 13 , 2010 .
- - iac ' s current investments in active . com , brightcove , filife , medem ,
iac : and then there were five
. forbes . retrieved june 13 , 2010 .
valerie combs , iac corporate communications , 212 - 314 - 7361 , valerie . combs @ urltoken
right before liberty’s exchange of shares with iac , barry diller , who will now serve as the company’s chairman and senior executive , exchanged about 4 . 3 million shares of iac common stock held by him for an equal number of shares of class b common stock held by liberty .
i am grateful to barry and the iac management team for affording me the opportunity to serve as the cfo of such a great , dynamic company ,
said kip .
today ' s announcements make clear that exciting times lie ahead for iac , and i am confident that
iac ( nasdaq : iac ) is a leading media and internet company comprised of widely known consumer brands such as vimeo , dictionary . com , dotdash , the daily beast and investopedia , along with angi homeservices inc . which operates homeadvisor and angie’s list , and match . . .
iac / interactivecorp , the internet company headed by barry diller , is close to an agreement to acquire ask jeeves inc . , the nation ' s fourth - largest search engine company , for about $ 1 . 9 billion , according to an executive involved in the negotiations .
gurgaon - based zomato media pvt ltd , the company behind the popular restaurant . . .
● 1999 joins martha stewart living omnimedia as general counsel . helps to take the company public
) is an american media and internet company , with over 150 brands across 100 countries .
here ' s why the scotts miracle - gro company fell 18 . 2 % in 2018
iac interactive corp . ( nasdaq : iac ) , the new york city - based parent company of homeadvisor , announced today that it and indianapolis - based angie’s list ( nasdaq : angi ) reached agreement on the deal , which is scheduled to close in the fourth quarter this year .
but perhaps he is at the perfect company for him , as iac is a rather unusual media business . with minimal exposure in television , music or film , and hardly any in print – it recently purchased newsweek magazine – it is essentially a holding company for about 60 websites .
appointed to the position in june 2015 , mr . levin is responsible for the strategic leadership of iac and its operating businesses . in addition , he serves on the board of directors of iac .
greg blatt has been a senior member of the iac group for 14 years having starting as general counsel , his tenure including stints as the ceo of iac , urltoken and the entire match group .
iac is a company with its roots in the entertainment business ,
said van veen .
from barry diller ' s days at paramount and iac ' s early involvement in reveille to collegehumor ' s ten weekly original videos and the growing editorial voice of the daily beast , iac has , in one way or another , had a hand in content creation since its founding .
following the shift in focus to online assets , the company changed its name to usa interactive in may 2002 ; interactivecorp in june 2003 ; and finally to iac / interactivecorp in july 2004 .
it ' s because iac is a confusing conglomerate of online businesses that people simply don ' t understand . they don ' t know how iac is structured , and more importantly , they can ' t keep track of what iac even owns ,
the
mad money
host said .
– the beginning of iac . today , the equity value of the companies created is in excess of
on december 9 , 2015 , iac announced the creation of iac publishing , a unit that combines the daily beast , about . com , urltoken and investopedia into a single operating group . [ 54 ]
on thursday , liberty attorney kevin abrams pressed diller about iac ' s lackluster stock performance and his less successful deals . diller admitted he was frustrated with iac ' s stock performance in recent years , but insisted that the opportunity to unlock each company ' s true value is driving his breakup plan .
iac and servicemagic acquire a majority stake in the koening company ( which owns urltoken and 123getaquote . co . uk ) and acquires urltoken from groupe cyberarchi therefore launching servicemagic europe in conjunction with servicemagic international
iac is reorganizing and rationalizing . greg blatt , who has been chief executive officer of the company since 2010 , will become chairman of the newly created match group , which will house the firm’s online dating businesses , tutor . com , fitness site dailyburn , and the company’s interest in skyllzone . ( iac is the parent company of the daily beast . ) urltoken ceo sam yagan will serve as ceo of the newly constituted match group . search & applications is headed by ceo joey levin .
buffeted by the tech ad recession and verging on bankruptcy , company completes a sweeping financial reorganization .
and in september , the company added discount travel website hotwire to its growing list of acquisitions .
the parent company that owns dating brands tinder , urltoken and okcupid wants to play the field .
why clorox company stock jumped 11 . 9 % in june to deliver its best month this year
the new publicly traded company will be called angi homeservices inc . and be headquartered in colorado .
angie ' s list to be acquired by homeadvisor parent company the new publicly traded company will be called angi homeservices inc . and be headquartered in colorado . check out this story on urltoken urltoken
has served as the ceo of iac search & applications , overseeing the desktop software , mobile applications , and media properties that comprises iac ' s search & applications segment , including about . com , apalon , ask . com , ask . fm , citysearch , citygrid , dictionary . com , investopedia , mindspark , pricerunner , and slimware . prior to being appointed to his role at iac search & applications , mr . levin served as senior vice president , mergers & acquisitions and finance for iac , and held various roles within iac since joining the company in 2003 . prior to joining iac , mr . levin worked in the technology mergers & acquisitions group for credit suisse first boston ( now credit suisse ) in
the most appealing company in the split - up appears to be iac . its outlook was helped yesterday by news that iac had renewed its deal with google to market ads on urltoken and some of its other internet sites . that deal , worth $ 3 . 5 billion over five years , is more lucrative than an earlier deal , in the opinion of james j . friedland , a cowen & company analyst . he estimates that google will give 85 percent or more of the sales revenue to iac .
the new york - based iac is run by media mogul barry diller . the company also owns internet brands such as vimeo , college humor and about . com . ( gregory bull / ap photo )
many employers sponsor matching gift programs and will match any charitable contributions made by their employees . to find out if your company ( or your spouse ' s company ) has a matching gift policy ,
the deal , expected to close in the fourth quarter , is the end of an era for indianapolis ' best - known technology company . the new publicly traded company will be called angi homeservices inc . and will be headquartered in golden , colo . homeadvisor ceo chris terrill will lead the company .
from the latest breaking news to media galleries , find a range of information on iac and our businesses .
iac is using proceeds from the ipo to pay down debt . the ipo will also help distinguish match group from iac ' s nondating oriented portfolio companies , such as video website vimeo and humor website college humor .
in january 2014 , iac acquired a segment of valueclick ' s business , including investopedia and pricerunner . [ 47 ] later that year , in august , iac acquired urltoken for an undisclosed sum . [ 48 ]
an earlier version of this post carried an incorrect headline that said iac was spinning off its dating business .
“they had to ( sell to iac ) . they weren’t going to make it on their own . ”
an earlier version of this story gave an incorrect title for joey levin , ceo of iac interactive corp .
barry diller is the chairman and senior executive of iac and the chairman and senior executive of expedia group .
iac ( nasdaq : iac ) is a leading media and internet company comprised of widely known consumer brands such as vimeo , dictionary . com , dotdash , the daily beast and investopedia , along with angi homeservices inc . which operates homeadvisor and angie’s list , and match group’s online dating portfolio , which includes match , tinder , plentyoffish and okcupid . the company is headquartered in new york city and has offices worldwide .
following the shift in focus to online assets , the company changed its name to usa interactive in may 2002 ; interactivecorp in june 2003 ; and finally to iac / interactivecorp in july 2004 . [ 16 ]
the company recently celebrated the opening of its 10th manufacturing facility in china , in the southwest city of chongqing . it brings iac’s manufacturing facilities in asia to 17 , supported by six technical and engineering centers .
source : international directory of company histories , vol . 64 . st . james press , 2004 .
the tinder parent is a popular growth play , but the company could eventually become a dividend payer .
juul is a $ 15 billion company . so what’s so wrong with silicon valley investing in sin ?
the dhi group , inc . compensation committee reviews and recommends policies relating to compensation and benefits of the company’s directors and employees and is responsible for approving the compensation of the company’s chief executive officer and other executive officers . the compensation committee also administers the issuance of awards under the company’s equity incentive plans .
in 2010 , iac acquired dating site singlesnet [ 33 ] and fitness site dailyburn . [ 34 ] later that year , barry diller stepped down as ceo of iac . [ 35 ] in february 2011 , iac acquired the free - to - contact dating site , okcupid , for $ 50 million . [ 36 ] in april 2011 , iac extended its deal with google , originally worth $ 3 . 5 billion , to hand over all search advertising on urltoken and other iac search products through march 31 , 2016 . [ 37 ]
the texas - based company , owned by media mogul barry diller ' s iac / interactivecorp , has developed online dating sites that work well on smartphones , attracting busy young professionals that are highly coveted by advertisers .
dailyburn , formerly known as gyminee , a social network for fitness and diet tracking , online accountability , and motivation , has been sold . iac has acquired a majority stake in the company for an undisclosed sum .
iac to buy lexico to boost its urltoken
. wall street journal . retrieved february 11 , 2015 .
iac to buy lexico to boost its urltoken
. wall street journal . retrieved february 11 , 2015 .
in q1 2018 , iac revenue was nearly $ 1 billion , up 31 % year - over - year .
greg blatt , iac’s ceo since 2010 , will lead the new match group housing online dating ventures and more .
with the leadership shakeup , iac ceo joey levin will become the chairman of the match group board of directors .
from 1995 to late 2010 , mr . diller served as the chairman and the chief executive officer of iac .
diller on tuesday denied reports that the french media conglomerate is considering a spinoff of the combined entertainment company .
bought a controlling stake in silver king communications , taking control of the television company as chairman and ceo .
now it looks like he’s content , or content - ish , keeping the company where it has been .
but he said he did recognize that iac could act as a sort of “central flywheel” to create , buy and finance companies to later be spun out . it occurred to him , he said , when he was talking to the chief executive of ticketmaster , which was then a wholly owned company of iac in the mid - 2000s .
mr . diller will continue to run iac , which will include the company’s core internet businesses : the search engine ask . com , the dating site urltoken and citysearch . in addition , he will join the board of at least one of the four other entities that iac plans to create next year , and possibly two of them .
. depending upon the number of angie ' s list stockholders electing to receive cash , upon completion of the transaction , iac will own between approximately 87 percent and approximately 90 percent of the equity value of the combined company .
from november 2009 to january 2012 , mr . levin served as chief executive officer of mindspark interactive network , an iac subsidiary . prior to his appointment at mindspark , mr . levin served as senior vice president , mergers & acquisitions and finance for iac , and has held various roles within iac since joining the company in 2003 . prior to joining iac , mr . levin worked in the technology mergers & acquisitions group for credit suisse first boston ( now credit suisse ) in san francisco advising public and private technology and e - commerce companies on a variety of transactions .
iac’s family of websites is one of the largest in the world , comprised of more than 150 brands and products .
iac completes the sale of home shopping europe gmbh & co . kg to karstadtquelle ag ( announced 5 / 07 )
iac ' s businesses engage consumers around the world . . . from search and entertainment to dating and home repair .
buzz aldrin will give a speech at the 67th iac in guadalajara on sunday , september 25 at 1 : 00pm .
the best explanation i’ve heard from iac - adjacent folks : iac chairman barry diller doesn’t really want to spend the money vimeo would need to spend to create a credible subscription service in an era when everyone is launching a subscription service .
a securities filing issued on monday disclosed that chelsea clinton , 31 , is now a director of iac / interactivecorp .
the iac announcement arrived less than two hours after yahoo said that it had scrapped plans to spin off its alibaba holdings and was instead exploring the formation of a new company consisting of everything but alibaba , including its internet unit .
match group will start next year with a new ceo as greg blatt announces his intentions to leave the company .
terrill in a statement touted what he considers the growth opportunity for his soon - to - be new company .
said clinton will be paid
in accordance with the company ' s standard compensation policies
for board members .
the battle between the media titans stems from diller ' s proposal to break up iac - a portfolio of vastly different internet and media holdings - into five separate companies . malone ' s liberty media ( linta ) owns a 30 % financial stake in iac , but controls 61 % voting power as the sole owner of iac ' s class b stock .
iac was incorporated in 1986 under the name silver king broadcasting company , as a subsidiary of the home shopping network . in 1992 , silver king was spun off to home shopping network shareholders as a separately traded public company . in august 1995 , barry diller bought a controlling stake in silver king communications , taking control of the television company as chairman and ceo . [ 5 ] a year later , silver king communications and home shopping network merged and acquired a third company , savoy pictures entertainment . the three companies were combined to create hsn , inc . [ 6 ]
we’re curious to see how this works out for iac — especially since analysts have claimed that yahoo would be worth more if it followed suit . for a look at how iac’s properties got divided , be sure too have a look below .
does this mean diller is stepping back from the company ?
that ' s ridiculous because now i have direct control over the company . if anything i ' m stepping closer . frankly my family and i want to be in this for the long term , but now the company will be managed more aggressively by greg . the company needs a different kind of ceo . i have been so identified with this company .
ah , so the moves are also about succession and at least partly even looking beyond to the day when diller is no longer active .
big move for liberty media , iac and the latter’s barry diller today . the former has exchanged its entire equity stake in the internet holding company for a combination of assets and cash in a transaction intended to be tax - free to both companies . liberty has exchanged approximately 12 . 8 million shares of iac stock for all of the capital stock of a wholly - owned subsidiary of iac that holds the evite and urltoken businesses , and approximately $ 220 million in cash .
iac ( nasdaq : iaci ) is a leading media and internet company comprised of more than 150 brands and products , including ask . com , about . com , match . com , homeadvisor and vimeo . focused in the areas of search , applications , online dating , local and media , iac ' s family of websites is one of the largest in the world , with more than a billion monthly visits across more than 100 countries . the company is headquartered in
people familiar with dramafever say that iac , which already owns web video hub vimeo , is in talks with the company , which offers free ad - supported videos , as well as a $ 10 - a - month subscription service .
homeadvisor began as servicemagic and was acquired by iac in 2004 . in 2012 , the site was rebranded and relaunched as homeadvisor . the company has been doing lots of consumer advertising to build its brand and has expanded into international markets .
the news comes week after iac laid off most of its urltoken staff and effectively surrendered its search operations to its competitors .
diller takes the stand in his high - profile battle with onetime pal john malone over the future of iac / interactivecorp .
barry diller is set thursday to defend his record as a media mogul in bid to retain control of iac / interactivecorp .
iac / interactivecorp said thursday it ' s planning an initial public offering for its online dating business , the match group .
in addition to the buy rating , jefferies has upped its price target for iac stock from $ 85 to $ 92 .
- this is health insurance sold by a private insurance company which can help pay some of your health care costs .
iac / interactivecorp has announced an agreement to acquire servicemagic inc . , an online home services marketplace , in a cash transaction . terms of the agreement were not disclosed . servicemagic will remain an independent brand within the iac local and media services group .
provides iac’s search products and network partners with sponsored listings and other search - related services , is comparable to the previous agreement .
buzz will be at a press conference at the iac in jerusalem on monday , october 12 , 2015 at 12 : 00pm .
iac also announced thursday that chief financial officer jeff kip was resigning to spend more time with his family and pursue other interests .
in late 2015 , iac interactive offered a $ 512 million cash buyout to acquire angie’s list , but that offer was rejected .
, it ' s a more than satisfactory record . as part of this evolution , in 2008 we spun off four companies simultaneously , leaving us with a much smaller iac . since that time we ' ve grown the company substantially , more than quadrupling the company ' s value , with the match group leading the way – and so now , under the superb leadership of
in brooklyn , the company has arrayed thousands of tiny antennas — each the size of a thumbprint — so that each subscriber has an assigned antenna . that way , the company says , it complies with laws involving the exhibition of copyrighted material .
, a proprietary score out of 100 % that grades each home improvement company . to learn more , visit @ homestars on
on the business front , the station group has been meeting with rep firms to discuss selling ad time for the company .
messier said he expected 2002 to be a year of growth with no major changes to the company ' s basic structure .
ziff davis media inc . company profile , information , business description , history , background information on ziff davis media inc .
the company estimates that match alone has helped put together more than 10 million couples , who have then gone on to have those million babies , and the company is optimistic it will see a steady stream of new users for years to come .
at this point , after the universal deal was approved . continuing its acquisition strategy , the company acquired urltoken in may 1999
the combined company will be called angi homeservices inc . and will keep both the angie ' s list and homeadvisor brands .
the company has been planning to add a new headquarters and tech development office in denver ' s booming river north neighborhood .
“this is now the 10th publicly traded company to emerge from what was one company , in 1995 , with $ 48 million in sales and a market capitalization of $ 201 million – the beginning of iac . today , the equity value of the companies created is in excess of $ 43 billion , with a compounded annual return of 13 . 3 percent . while it’s hard to predict the future , i think we’ll just keep going , ” said barry diller , chairman of iac and expedia , inc .
new york - based iac , which is controlled by media mogul barry diller , will own between 87 % and 90 % of angi homeservices inc . , depending on how many angie ' s list shareholders take cash instead of stock in the combined company .
… ( 1984–92 ) , where he created the fox network , and iac / interactivecorp ( 2003–10 ) , an internet venture . …
smartfoil tpo ( thermoplastic olefin ) was developed my iac and represents an up to 10 percent weight savings per component over traditional solutions .
on december 22 , 2013 , iac fired their director of corporate communications , justine sacco . she became a source of controversy for a
, and has been responsible for overseeing corporate finance , investor relations , accounting , tax , treasury and m & a at iac .
fullstack web developer . formerly developer / ops at iac apps , ops at research startup wonder . columbia u , fullstack academy alum .
iac has yet to explain why it dropped its plans , which levin had been talking up as recently as its may earnings call .
in a move that is aimed at bolstering iac’s lagging share price , simplifying its convoluted corporate structure and maybe even placating his old partner john c . malone , mr . diller announced that he was breaking the $ 18 billion company into five publicly traded businesses .
in addition to match group , jefferies projects 35 percent revenue growth from homeadvisor this year after the company delivered 38 percent revenue growth in 2016 . fitzgerald also noted that vimeo’s new direct - to - consumer offering could supply additional revenue upside for iac this year .
iac is a leading media and internet company comprised of widely known consumer brands such as vimeo , dictionary . com , dotdash , the daily beast and investopedia , along with angi homeservices inc . which operates homeadvisor and angie’s list , and match group’s online dating portfolio , which includes match , tinder , plentyoffish and okcupid . the company is headquartered in new york city and has offices worldwide .
pricerunner was part of a portfolio of internet assets sold by valueclick to mr diller ' s company just over two years ago .
ziff davis media inc . company profile , information , business description , history , background information on ziff davis media inc . forum
for the most part , though , expedia has been a profitable company and has had the resources to keep expanding its portfolio .
as match group is a solidly profitable company , investors may be wondering if or when it might start to pay a dividend .
iac , angi homeservices inc . , angie ' s list and certain of their directors and executive officers may be deemed participants in the solicitation of proxies from angie ' s list ' s stockholders in connection with the proposed transactions . information about the directors and executive officers of iac is set forth in the definitive proxy statement for iac ' s 2017 annual meeting of stockholders , as previously filed with the sec on
iac is buying angie’s list and will combine it with its own home services lead - gen site , homeadvisor , in a deal worth in excess of $ 500 million . the merged entity will then be spun out as a new public company : angi homeservices inc .
iac led a $ 20 . 5 million round of financing for aereo , and mr . diller is joining the start - up’s board .
leena rao ,
iac asks for more google , please .
techcrunch , april 11 , 2011 . retrieved april 11 , 2011 .
and so began what has turned iac into a minifactory of spinoffs . “i’m really an anti - conglomerateur , ” mr . diller said .
leena rao ,
iac asks for more google , please .
techcrunch , april 11 , 2011 . retrieved april 11 , 2011 .
in may 2008 , iac and urltoken acquired lexico , the owner of dictionary . com , thesaurus . com , and reference . com .
according to fitzgerald , the strong growth in match group inc ( nasdaq : mtch ) and homeadvisor suggests iac stock has room to run .
iac has spawned 10 public companies , including angi homeservices inc . match group , expedia , tripadvisor , hsn , tree , interval , and live nation ( formerly ticketmaster ) , creating equity value in excess of $ 47 billion over the course of more than 20 years . since mr . diller took control of iac , a dollar invested in the company has returned shareholders a 14 % compound annual growth rate .
“we will continue to grow for sure because one of our core fundamentals has been that the industry needed a global interior supplier , ” said james k . kamsickas , iac president and ceo , during an interview at the company’s north american headquarters earlier this year in southfield .
the arrangement raises questions about the future of angie ' s list ' s indianapolis footprint , as well as how many employees will remain with the combined company . iac expects to cut $ 50 million to $ 75 million a year in costs by the end of 2018 .
urbanspoon , which was part of nasdaq - listed umbrella firm for various internet ventures iac , has a presence in six countries including the us , canada , ireland , the uk , australia and new zealand . it was a self funded venture before iac snapped the firm in 2009 .
. in 1992 , silver king was spun off to home shopping network shareholders as a separately traded public company . in august 1995 ,
. the angi homeservices inc . class a common stock issued in the merger will possess one vote per share and is expected to be listed for trading on nasdaq at closing of the transaction . angi homeservices inc . will also issue shares of class b common stock , possessing 10 votes per share , to iac in exchange for the contribution by iac of homeadvisor . upon closing of the transaction , depending upon the number of angie ' s list stockholders electing to receive cash , iac will hold between approximately 87 percent and approximately 90 percent of the combined company ' s equity value and approximately 98 percent of the total voting power , and former angie ' s list stockholders will hold equity in the combined company representing between approximately 13 percent and approximately 10 percent of the combined company ' s equity value . iac will designate a majority of the initial members of the board of directors of the combined company . the transaction , which is subject to the satisfaction of customary closing conditions , including regulatory approvals and the approval by angie ' s list stockholders , is expected to close in the fourth quarter of 2017 .
there was no indication yesterday of how his new pay package would shape up . at least one analyst asked whether iac would get an investment banking fee for splitting up the company , in the manner that private equity firms do . a spokesman said there would be no fees .
bringing operations in - house has helped iac assure their clients – primarily major automakers – that there won’t be any kinks in the supply chain .
“this is diller moving around the assets , ” said chris marangi , who follows the company for gabelli & company . “they spun off expedia two and half years ago . now there is a recognition that there is not a lot of synergy between the remaining companies . ”
in 2008 , mr . diller began a grand experiment of breaking up iac , which is based in new york . there’s expedia , tripadvisor ( a spinoff of expedia ) , ticketmaster , lendingtree , interval leisure group , hsn and now match . at the time , iac was considered by some to be suffering under what skeptics called the “diller discount . ” a 2006 barron’s article , “barry diller’s dilemma , ” argued that iac’s assets were vastly undervalued as a conglomerate , but even when he began to split the company up , the stocks of the spinoffs initially underperformed .
since iac’s inception more than 20 years ago , iac businesses have consistently unleashed the power of digital interactivity to transform daily living . businesses like expedia and ticketmaster proved that entire industries , such as travel and ticketing , could move from offline to online at a previously unthinkable pace . over time , the company added to those businesses , growing them into massive entities then spinning them off to shareholders , only to start building anew .
j . p . morgan securities llc acted as financial advisor to iac and homeadvisor , and wachtell lipton rosen & katz llp acted as legal counsel . allen & company llc and bofa merrill lynch acted as financial advisors to angie’s list , and sidley austin llp served as legal counsel .
the company took a leap into mobile at the beginning of the year , with new capabilities for publishers to launch their own custom apps .
this led to the creation of a new entity called vivendi universal entertainment ( barry diller became the ceo of the newly created company ) .
the combined company , he added , will face pressure from other tech companies , possibly including giants such as google , amazon and facebook .
prior to this , joey levin was the ceo of iac search & applications , overseeing the desktop software , mobile applications , and media properties that comprise iac’s search & applications segment : about . com , apalon , ask . com , askfm , citysearch , citygrid , dictionary . com , investopedia , mindspark , pricerunner , and slimware . in this role he was responsible for setting overall strategy and maximizing opportunities across iac’s search and applications brands .
upon closing of the acquisition , management of servicemagic ' s lending and real estate businesses will fall under the iac financial services and real estate group .
the correct answer is iac , barry diller ’s hodgepodge of internet businesses that has long lived in the shadow of tech behemoths like amazon and facebook .
this has made it even tougher for iac to find ways to spend its prodigious cash pile of $ 870m , a recently - issued dividend notwithstanding .
just before our interview , walking through the lobby of iac’s luxurious , frank gehry - designed building , i encountered mr diller himself , now chairman .
as gm brings production of the next - generation camaro to lansing in a few years , iac will move production of the instrument panel to alma .
, originally worth $ 3 . 5 billion , to hand over all search advertising on urltoken and other iac search products through march 31 , 2016 .
the move is part of a rationalization of the many operating units of iac into three groups : the newly formed match group ; the search and applications business , which accounts for about 60 percent of iac’s revenues ; and media businesses , which include vimeo , the atavist , and the daily beast .
, and to pursue other interests . mr . kip will remain with iac for an interim period and will help with transition to a new cfo .
“they had to ( sell to iac ) , ” copley , the analyst , said . “they weren’t going to make it on their own . ”
investors and security holders are urged to carefully review and consider each of iac’s and angie’s list’s public filings with the securities and exchange commission ( the “sec” ) , including but not limited to , if applicable , their annual reports on form 10 - k , their proxy statements , their current reports on form 8 - k and their quarterly reports on form 10 - q . the documents filed by iac with the sec may be obtained free of charge at iac’s website at urltoken or at the sec’s website at urltoken . these documents may also be obtained free of charge from iac by requesting them in writing to iac investor relations , 555 west 18th street , new york , ny 10011 , or by telephone at 1 - 212 - 314 - 7400 .
as part of iac ' s cash - and - stock deal , angie ' s list shareholders can receive either one share of class a common stock of the new company , or $ 8 . 50 per share of angie ' s list that they own . that represents a 44 . 3 premium over monday ' s closing price of $ 5 . 89 . iac will not pay more than $ 130 million in cash for the transaction .
j . p . morgan securities llc acted as financial advisor to iac and homeadvisor , and wachtell lipton rosen & katz llp acted as legal counsel . allen & company llc and bofa merrill lynch acted as financial advisors to angie ' s list , and sidley austin llp served as legal counsel .
iac operates more than 50 leading and diversified internet businesses across 30 countries . . . our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world . to view a full list of the companies of iac please visit our website at urltoken .
) is a leading media and internet company comprised of widely known consumer brands such as homeadvisor , vimeo , dictionary . com , the daily beast , investopedia , and match group ' s online dating portfolio , which includes match , tinder , plentyoffish and okcupid . the company is headquartered in
hsn , inc . acquired several assets in the late - 1990s . in may 1997 , the company acquired a controlling stake in ticketmaster group ;
iac / interactive owns a variety of internet businesses . its principle holdings are expedia , ticketmaster , home shopping network , urltoken and citysearch . advertising spending on search sites is rapidly growing and mr . diller ' s company appears to be trying to tap into a market dominated by google and yahoo .
iac , which owns sites like match . com , tinder and the daily beast , will merge angie ' s list with its own reviews site homeadvisor . the newly combined , publicly - traded company will be named angi homeservices and both the angie ' s list and homeadvisor brands will be retained .
iac expects the match group to issue less than 20 % of its common stock in the initial public offering , with iac ' s remaining stake in the match group represented by both high - and low - vote common shares . the ipo is expected to be completed during the fourth quarter of this year .