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John Malone

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ENTERTAINMENT
March 19, 2013 | By Joe Flint
Media mogul John Malone is returning to his roots. Malone's Liberty Media is acquiring 27% of cable television operator Charter Communications for $2.62 billion. Liberty is buying 26.9 million Charter shares and 1.1 million warrants at a per-share price of $95.50 from private equity firms Apollo Management, Oaktree Capital Management and Crestview Partners. As part of the agreement, Liberty will have four seats on the Charter board. In return, Liberty said it would keep its holdings in Charter under 40% and not engage in lobbying on behalf of other potential board members as long as its own spots on the board were safe.
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ENTERTAINMENT
March 20, 2014 | By Joe Flint
Discovery Communications founder John Hendricks will retire as chairman of the board of the cable giant in May. Hendricks, a science buff who worked in academia, launched Discovery Channel in 1985 and over the years the company went from owning a handful of educational outlets to a global media juggernaut filled with popular reality shows. Besides its flagship channel Discovery, the company also owns TLC, Animal Planet and 50% of Oprah Winfrey's OWN Network. “Few words can appropriately convey what kind of person John is, or what he has meant to this company and the cable television industry overall.  He is a true visionary, a man of enormous integrity and one of the world's great entrepreneurs," Discovery President and Chief Executive David Zaslav said in a statement.
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ENTERTAINMENT
November 25, 2013 | By Joe Flint
Are two cable moguls about to square off again? The emergence of Comcast Corp. as a potential suitor for Time Warner Cable is the latest twist in the at-times tense relationship between Comcast CEO Brian Roberts and John Malone, whose Liberty Media has a 27% stake in Charter Communications, which is also pursuing Time Warner Cable. Roberts is now what Malone was for many years, head of the biggest cable company in the country. Comcast has over 21 million subscribers and also owns NBCUniversal, parent of NBC and several powerful cable channels including USA, Bravo, CNBC and MSNBC.
ENTERTAINMENT
March 14, 2014 | By Joe Flint
After the coffee. Before finding my winter coat. The Skinny: Friday's roundup includes the box-office preview and John Malone's latest financial maneuverings. Also, a look at DreamWorks, which hopes "Need for Speed" can be a hit. I'm out of town this weekend, so behave yourself and beware the Ides of March. Daily Dose: The regular season starts for the Dodgers a week from Saturday, with games against the Diamondbacks in Australia. While much of the country will be able to catch the action from down under, the majority of Angelenos will likely be shut out. Time Warner Cable, which is distributing the new Dodger channel, SportsNet LA, for the team, still has no deals with distributors other than itself.
ENTERTAINMENT
November 19, 2012 | By Joe Flint
Add cable industry pioneer and Liberty Media Chairman John Malone to the growing list of people who think sports programming costs are out of control. "We've got runaway sports rights, runaway sports salaries and what is essentially a high tax on a lot of households that don't have a lot of interest in sports," Malone said in an interview. "The consumer is really getting squeezed, as is the cable operator. " Indeed, by some industry estimates sports programming now accounts for about half of the typical pay-television bill.
BUSINESS
August 2, 2000 | From Reuters
Technology investor Paul Allen and cable television operator John Malone came to the aid of Priceline.com Inc. on Tuesday, pouring $190 million into the struggling Internet retailer that allows shoppers to "name their own price" and giving its stock a badly needed boost. Microsoft Corp. co-founder Allen, through his investment arm Vulcan Ventures Inc. and Malone, as chairman of AT&T Corp. cable programming group Liberty Media Corp.
BUSINESS
September 23, 1995 | LESLIE HELM, TIMES STAFF WRITER
Using tough negotiating tactics, an encyclopedic knowledge of government regulations and some key leverage, John Malone has emerged as perhaps the biggest winner in Time Warner's planned acquisition of Turner Broadcast. First there is the 50% premium Malone would get on his Turner holdings. Malone's Tele-Communications Inc. affiliate Liberty Media would receive an estimated $2.2 billion worth of Time Warner shares in exchange for Turner shares that were worth just $1.
BUSINESS
July 11, 2001 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Cable mogul John Malone, AT&T Corp.'s largest individual shareholder, resigned from the company's board Tuesday, a month earlier than planned, fueling speculation that he may join in the bidding for its cable business. In his resignation letter, Malone said that because he had been excluded from the board's discussion of Comcast Corp.'s unsolicited $44.5-billion offer for AT&T's cable unit, "it seems appropriate that I accelerate my departure," according to sources who have the letter.
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
November 26, 1996 | Times Staff and Wire Reports
Chrysler Corp. said it agreed to sell its last defense subsidiary, Pentastar Electronics Inc., to PEI Acquisition Corp. for undisclosed terms. . . . Tele-Communications Inc. president and chief executive John Malone was named the company's chairman. . . . Sematech named Mark Melliar-Smith, an AT&T technology veteran, as its third president.
ENTERTAINMENT
February 13, 2014 | By Joe Flint
Comcast Corp. may seem like a white knight to Time Warner Cable, but the folks at Charter Communications probably consider it more of a snake in the grass. Charter, which last month made an unsolicited bid for Time Warner Cable, had been talking with Comcast Corp. about joining its efforts, people close to both companies confirm. Charter even offered to sell Comcast some of Time Warner Cable's East Coast properties, including a valuable system serving New York City. Although Time Warner Cable rejected Charter's bid, it was still making a push.
ENTERTAINMENT
February 11, 2014 | By Joe Flint
Having failed in its initial effort to buy Time Warner Cable, Charter Communications now wants to take over the company's board of directors. On Tuesday Charter announced a slate of directors it will nominate to Time Warner Cable's board at its annual meeting later this year. The 13 nominees include James Chiddix, a former chief technology officer for Time Warner Cable and Lisa Gersh, former president of Martha Stewart Living Omnimedia and Oxygen Media. The hostile move comes about a month after Time Warner Cable rejected Charter's unsolicited offer of $132.50 a share and sets up a proxy fight for the company.
ENTERTAINMENT
November 26, 2013 | By Meg James
Just a few weeks ago Time Warner Cable was considered a laggard of the pay-TV industry. Now, the nation's second-largest cable provider is one of the hottest properties around. Not only is Charter Communications (with help from equity owner Liberty Media Corp.) interested in acquiring Time Warner Cable, but Comcast Corp. may want to make a run at all or some of the company, which boasts about 11 million subscribers around the country. Cox Communications is considering kicking the tires of Time Warner Cable as well.
ENTERTAINMENT
November 25, 2013 | By Ryan Faughnder
After the coffee. Before pitching my young-adult novel.  The Skinny: I saw "Catching Fire" on Saturday and enjoyed it, though I set a high bar for dystopian fiction. Oh, and for the sake of self-promotion, I'm writing the weekly box-office projections now, so watch out for that. Monday's stories include the box-office wrap-up, Katie Couric's latest career move and the two Hercules movies coming out next year.  Daily Dose: The possible courting of Time Warner Cable by Comcast and Charter Communications could mean another squaring off between media moguls Brian Roberts and John Malone.
ENTERTAINMENT
November 25, 2013 | By Joe Flint
Are two cable moguls about to square off again? The emergence of Comcast Corp. as a potential suitor for Time Warner Cable is the latest twist in the at-times tense relationship between Comcast CEO Brian Roberts and John Malone, whose Liberty Media has a 27% stake in Charter Communications, which is also pursuing Time Warner Cable. Roberts is now what Malone was for many years, head of the biggest cable company in the country. Comcast has over 21 million subscribers and also owns NBCUniversal, parent of NBC and several powerful cable channels including USA, Bravo, CNBC and MSNBC.
ENTERTAINMENT
October 28, 2013 | By Joe Flint
AMC Networks Inc., parent of cable channels AMC, WE and IFC, has struck a deal to acquire Liberty Global's Chellomedia for $1.035 billion. For New York-based AMC Networks, the acquisition will vastly increase its international presence. Chellomedia has some 70 channels in about 140 countries that are available in almost 400 million homes that AMC can place its product in. Most of Chellomedia's outlets are in Europe and Latin America. "This acquisition allows us to secure a large, global platform on which to distribute our increasingly successful original programming through a collection of strong, well-established and well-managed assets worldwide,” said Josh Sapan, CEO of AMC Networks.
BUSINESS
August 4, 2005 | From Associated Press
Cable magnate John Malone will step into the chief executive's job at Liberty Media Corp. to succeed the retiring Robert Bennett, the company said. Bennett will remain a director of the media holding company and will work on special projects. His departure is scheduled for April 1. Malone, 64, is currently Liberty's chairman.
BUSINESS
January 31, 1994 | From Times Staff and Wire Reports
Malone Sees Trouble for Networks: John Malone, chief executive of Tele-Communications Inc., predicts one or more of the major U.S. television networks will fall prey to takeover bids this year, according to a report in the Feb. 7 issue of the New Yorker magazine. Malone, whose giant cable company is engaged in a $33-billion merger with Bell Atlantic, told the magazine that CBS will probably be sold within 12 months.
ENTERTAINMENT
July 15, 2013 | By Joe Flint
Cable pioneer John Malone, chairman of Liberty Media, hasn't been shy about advocating for more consolidation in the pay-TV space. Last week, at the Allen & Co. conference in Sun Valley, Malone suggested that satellite broadcasters DirecTV and Dish Communications should merge. Malone isn't the first to advocate a Dish-DirecTV marriage. A decade ago the two companies tried to combine forces but were rebuffed by regulators.  Besides pushing for the nation's two satellite players to combine, Malone has said some of the biggest cable operators also should consider getting together.
ENTERTAINMENT
July 12, 2013 | By Joe Flint
After the coffee. Before asking for Fridays off in the summer. The Skinny: Wouldn't it be great if we got Fridays off in July and August? Let's get a bill passed! In the meantime, Friday's headlines include the weekend box-office preview and reviews of "Pacific Rim" and "Grown Ups 2. " Also, 20th Century Fox has Broadway dreams. Daily Dose: Last night, Twitter turned into one long promotional platform for Syfy's "Sharknado, a spoof on disaster movies. But once again, it seems that a ton of tweets does not necessarily translate into huge ratings.
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