SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2011

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives of property and equipment

Asset Category		Estimated Useful Lives

Buildings and leasehold improvements		3 to 39 Years
Computer equipment and capitalized software		2 to 3 Years
Furniture and other equipment		3 to 10 Years

Schedule of operating segments, reporting units and reportable segments

Operating Segment and Reporting Unit		Reportable Segment

IAC Search & Media		Search & Applications
Match		Match
HomeAdvisor		Local
CityGrid Media		Local
Connected Ventures		Media
DailyBurn		Media
Shoebuy		Other