ASSOCIATED PRESS -- Apr 27 -- Before IAC reports earnings for the first quarter on Wednesday before the market opens, a report of key developments and analyst opinion was released. January saw the launch of Match.com’s free dating site, DownToEarth.com, which is aimed at the under 28 crowd. Online city guide CitySearch had dealings with both Facebook and MySpace, launching a revamped version of the site that incorporated Facebook Connect, as well as MySpace Local, which will combine the vast database of CitySearch with MySpace’s user base. IAC also said it would sell Match.com's European operations to France-based online dating company Meetic for a 27% stake in Meetic and a promissory note for 5 million euros ($6.6 million). Analysts expect first-quarter earnings of a penny per share on $329.7 million in revenue.
The full article was originally published at Forbes, but is no longer available.