October 13, 2006 |
Liberty Media Corp. confirmed Thursday that it might swap its stake in News Corp. for a controlling interest in DirecTV Group Inc., a move that would thrust cable pioneer John Malone into the satellite television arena. Malone, Liberty Media's chairman, has been in discussions with News Corp. Chairman and Chief Executive Rupert Murdoch over making a swap for Liberty Media's approximately 20% stake in News Corp. since Malone quietly snapped up shares in 2004.
March 2, 2006
Liberty Media Corp. said that former Oracle Corp. President Greg Maffei had succeeded billionaire John Malone as chief executive, as planned.
September 15, 2005 |
Billionaire media investor John Malone's Liberty Media Corp. plans to retain its 18% voting stake in Rupert Murdoch's News Corp. and the two executives are in contact, a Liberty executive said. "Our intent is to hold the assets," Liberty Senior Vice President Mark Carleton told investors at the Merrill Lynch Media & Entertainment Conference in Pasadena. "John has discussions with Rupert routinely." Those talks follow Murdoch's Aug.
March 16, 2005 |
One of the world's most valuable names on cable TV may soon be up for grabs as a result of a financial maneuver Tuesday by cable mogul John Malone. Liberty Media Corp., Malone's cable programming company, said Tuesday that it would spin off its 50% stake in Discovery Communications Inc., which owns cable networks such as the Discovery Channel, TLC, Animal Planet and the Travel Channel. Discovery, based in Silver Spring, Md.
November 9, 2004 |
Cable television mogul John Malone's plan to grab a bigger chunk of Rupert Murdoch's media empire might have less to do with buying in and more to do with cashing out. Malone's Liberty Media Corp. last week announced that it had purchased the right to increase its voting stake in Murdoch's News Corp. to as much as 17% from 9%. That would cost Liberty up to $1.5 billion. News Corp.
March 2, 2004 |
Liberty Media Corp., the media investment company controlled by John Malone, will do a stock swap with the heirs of Tele-Communications Inc.'s late founder, Bob Magness, reducing Malone's voting control of Liberty. Liberty will exchange 105 million Class A common shares, worth $1.2 billion at Liberty's Monday closing price, for the Magness family's Class B shares. Malone, 62, has voting rights over those shares as part of a 1998 agreement with the family.