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.
June 23, 2003 |
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.
May 16, 2003 |
Cable magnate John Malone said he has a secret weapon in the anticipated fight for control of Vivendi Universal's entertainment assets: Barry Diller. Malone said Thursday that his longtime association with the media mogul would give Liberty Media Co. an edge over rivals in a bidding war, citing a number of controls Diller holds over the disposal of the Universal movie studio, theme parks and television holdings.