Appetite for destruction? Barry Diller sees more misery for media companies

Barry Diller, CEO of IAC/InterActiveCorp (IACI), says there's still a lot of "creative destruction" to come in the media industry, because of the growth of online media.

"Out of the shreds of this are going to come very vibrant business models," Diller said today at the Fortune Brainstorm Tech conference in Pasadena, California. The destruction will come, he says, because it's easy for folks "to push a button and publish to the world."