IAC owns some of the most visible company names on the Internet. In conversation with John Battelle at this year's Web 2.0 Conference, IAC's CEO, Barry Diller, answers pertinent questions on the state of Internet commerce. Among the topics covered are; the impact of Google on innovation within AskJeeves and Expedia, two of his best known brands; the relationship user-generated content has to the professionally produced mass-media content Diller has been working in for his entire business life; why "net neutrality" is essential for the success of business and why laws are now required to ensure its continuation.

Diller believes that genuine talent is in relatively short supply and that those with good ideas in the world of online media have a better chance of success than was possible in a world where offline media was the only outlet.

For anyone interested in an insight into how a legend in both offline and online media is bringing new thinking to the world of Internet commerce, this is a conversation you'll want to hear.