NEW YORK (AP) — IAC/InterActiveCorp, the Internet conglomerate run by Barry Diller, said Monday it will break itself into five publicly traded businesses — an indication that the media mogul's plan to build a multimedia empire has failed.

The announcement drove IAC's shares up more than 6 percent.

The New York-based company plans to spin off its HSN home shopping network, Ticketmaster ticketing service, Interval time-share business and LendingTree mortgage referral units.

Roughly 30 Web-only brands — including the search engine,, Evite, Citysearch and Excite — would remain as part of IAC.