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John C Malone

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BUSINESS
January 11, 1994 | JOHN LIPPMAN and AMY HARMON, TIMES STAFF WRITERS
It's pay-back time in mogul land. First, Paramount Communications Chairman Martin S. Davis trashed cable TV executive John C. Malone in an interview in Vanity Fair magazine, saying: "He believes in nothing, he stands for nothing." Now Malone has responded, saying: "I'm told that it was an old man venting his spleen basically." Malone, chief executive of Tele-Communications Inc.
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BUSINESS
February 2, 2008 | From Bloomberg News
A Delaware judge Friday set a trial in March for Liberty Media Corp.'s billionaire Chairman John Malone to face off with IAC/InterActiveCorp Chairman Barry Diller in a battle to control the entertainment company. Chancery Court Judge Stephen Lamb consolidated lawsuits filed over IAC's plans to split into five companies and set a timetable for trial. He postponed ruling on Liberty's request to bar the spinoffs until the suits were resolved.
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BUSINESS
May 26, 1987
Cable television operators negotiating to buy a 36% stake in Turner Broadcasting System Inc. for $576.4 million said they will wait to see if the Justice Department approves the proposed purchase before concluding their talks. The 28 potential investors met last week in Las Vegas. John C. Malone, president of Telecommunications Inc., the lead investor in the deal, said they will meet again once the Justice Department issue is settled.
BUSINESS
March 30, 2007 | Meg James, Times Staff Writer
Cable mogul John Malone tightened his grip over television giant Discovery Communications Inc. on Thursday by buying the 25% stake held by Cox Communications for $1.28 billion in cash and other assets. Malone's Liberty Media Corp. currently owns 50% of the Silver Spring, Md.-based company, which includes cable channels Discovery, TLC and Animal Planet. Liberty's stake in Discovery Holding Co. would increase to 66% with Thursday's deal.
BUSINESS
April 8, 1994 | JOHN LIPPMAN, TIMES STAFF WRITER
Cable TV magnate John C. Malone on Thursday claimed that the proposed merger between Viacom Inc. and Blockbuster Entertainment appears to be "dead," and that Viacom is now looking at selling certain key assets to help pay off the hefty debt it took on in its acquisition of Paramount Communications. "Blockbuster looks dead," Malone said following a speech he gave here to business leaders after his company, Tele-Communications Inc.
BUSINESS
December 14, 1989 | JONATHAN WEBER, TIMES STAFF WRITER
The current political outcry over rate increases for cable television, which many expect to result in re-regulation of the industry next year, is largely a byproduct of a "political muscle game that has nothing to do with consumers," one of the most powerful figures in cable television told an industry gathering Wednesday. John C. Malone, chairman of Tele-Communications Inc.
NEWS
October 14, 1993 | KATHRYN HARRIS, TIMES STAFF WRITER
Analysts and friends who've followed the hard-charging career of Tele-Communications Inc. Chief Executive John C. Malone were surprised Wednesday by Malone's decision to sell TCI to Bell Atlantic and settle for the vice chairman's job at the still-youthful age of 52. But the deal accomplishes two important things for the cable magnate--it creates enormous wealth, and it removes him from the front line of fire in the battle over cable regulation.
BUSINESS
June 29, 1993 | JOHN LIPPMAN, TIMES STAFF WRITER
As chief executive of Denver-based cable TV giant Tele-Communications Inc., John C. Malone is the most powerful man in cable television. TCI serves about one out of every five cable TV subscribers in the country, and Malone indirectly decides the fortunes of nearly a dozen cable TV networks, ranging from popular services such as CNN to the Discovery Channel. So it should surprise no one that Malone is now pondering the launch of his own broadcast network to compete against ABC, CBS, NBC and Fox.
BUSINESS
October 18, 1993 | JOHN LIPPMAN, TIMES STAFF WRITER
Reinforcing its bid for Paramount Communications, Barry Diller's QVC Network Inc. said Sunday it secured an extra $1 billion in financing from Cox Enterprises Inc. and Advance Publications Inc. QVC's effort to edge out Viacom Inc. for the prized movie studio was thus bolstered by two major media concerns--Cox, whose holdings include the Atlanta Journal & Constitution, and Advance, publisher of The New Yorker. Both also have extensive cable holdings.
BUSINESS
July 15, 1994 | ALAN CITRON and KATHRYN HARRIS
With the collapse of the CBS-QVC merger, inquiring minds want to know where omnipresent cable TV mogul John C. Malone stands. Comcast Corp. spoiled his plans with its surprise bid for QVC Inc., of which Malone's Liberty Media Corp. owns nearly 19%. Malone had been looking forward to owning a piece of CBS Inc., close sources agreed on Thursday. But it's unclear whether he will back any new bid for CBS or whether he might counter Comcast's bid for QVC with an offer of his own.
BUSINESS
October 13, 2006 | From Reuters
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.
BUSINESS
March 2, 2006
Liberty Media Corp. said that former Oracle Corp. President Greg Maffei had succeeded billionaire John Malone as chief executive, as planned.
BUSINESS
September 15, 2005 | From Bloomberg News
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.
BUSINESS
March 16, 2005 | Sallie Hofmeister, Times Staff Writer
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.
BUSINESS
November 9, 2004 | Meg James, Times Staff Writer
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.
BUSINESS
March 2, 2004 | From Bloomberg News
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.
BUSINESS
March 18, 1992 | ALAN CITRON and JOHN LIPPMAN, TIMES STAFF WRITERS
Former Fox Inc. Chairman Barry Diller and Revlon owner Ronald O. Perelman have been regular lunch partners since the early 1980s, when the New York financier owned the Technicolor film lab. Heads turned, however, when the two recently showed up at the Grill in Beverly Hills. Perelman found himself cast as the backer du jour in Diller's next business venture--the nature of which is the subject of intense Hollywood interest.
BUSINESS
July 4, 2003 | Sallie Hofmeister and Richard Verrier, Times Staff Writers
Liberty Media Corp. agreed Thursday to spend $7.9 billion to purchase control of the hugely profitable home shopping channel QVC, a move that comes on the heels of the company's efforts to snap up Vivendi Universal's U.S. entertainment assets. The timing of the purchase from Comcast Corp. -- which will give Liberty the 57.5% of QVC that it doesn't already own -- caught many by surprise.
BUSINESS
June 23, 2003 | Sallie Hofmeister, Times Staff Writer
Over the years, cable titan John Malone has invested in media properties of all stripes. His Liberty Media Corp. has held interests in radio stations, Spanish-language television, satellite TV, cable systems, cable programming, postproduction studios, Internet companies and new technologies. He has typically steered clear of Hollywood, however, turned off by the unpredictable returns of the movie business. That is, until now.
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