NBCU’s Bonnie Hammer Joins IAC’s Board
"She's a superb businesswoman, programmer and brand builder," states IAC chairman Barry Diller
Bonnie Hammer, chairman of NBCUniversal Cable Entertainment, is joining the board of directors of IAC, the media and entertainment company headed by Barry Diller.
In a statement Monday, Diller, IAC’s chairman and senior executive, called Hammer “a great addition to the IAC Board — she's a superb businesswoman, programmer and brand builder — all talents our Board discussions will benefit from.”
IAC is composed of an eclectic collection of more than 150 brands and products, including Match.com, Vimeo, Ask.com, Electus and The Daily Beast. According to the announcement, its websites get more than 100 million visits a month from web users in over 100 countries.
Since joining Universal Television as a programming executive in 1989, Hammer has risen rapidly. In 2004, when Universal merged with NBC, she became president of the USA Network, which has been one of the top-rated cable channels for several years.
In 2008, she gained oversight of Universal Cable Productions. In 2011, she expanded again to add responsibility for E! Entertainment Television and other channels. Hammer now has broad oversight of most of the Comcast-owned cable channels.
In addition to her job at NBCUniversal, she is on the boards of ShopNBC, the International Radio and Television Society and the Ad Council.
IAC shares are traded on NASDAQ. It closed Monday at $70.45 per share, down from its 52-week high of $80.64.