Diller Is Selling More Shares - Los Angeles Times

NEW YORK — USA Networks Inc. Chairman Barry Diller filed to sell 130,000 more shares of the cable TV programming and electronic-retailing company in the last week, bringing the total he has

filed to sell this month to 480,000. Diller filed to sell shares four times this month as USA Networks’ stock has traded near an all-time high, according to Washington Service, an

organization that tracks sales and purchases of stock by company executives. At Wednesday’s closing price on Nasdaq of $44.63, the 480,000 shares would be valued at about $21.4 million. The

New York-based company’s stock has soared 79% in the last year as it benefits from improved ratings on its cable networks, which include the USA and Sci-Fi channels, and strong sales at its

Ticketmaster unit, the No. 1 U.S. ticket agency. A USA Networks spokeswoman previously has said the sales are aimed at diversifying Diller’s holdings. The company declined to comment

further. The most recent filings were on Aug. 16 and on Monday. MORE TO READ