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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.
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BUSINESS
April 3, 2014 | By Stuart Pfeifer
Barnes & Noble Inc. shares were sharply lower Thursday after a key investor said it was slashing its stake in the bookstore chain. Barnes & Noble, which operates 663 stores in 50 states, announced Thursday that Liberty Media Corp. had decided to sell about 90% of its shares of the company. Liberty Media, which had been considered one of the chain's biggest backers, bought a 17% stake in 2011. After the sale, it will hold less than 2%. Barnes & Noble shares were down $3.31, or 15%, to $18.80 at 10:30 a.m. PDT. The news comes as Barnes & Noble tries to navigate through the rapidly changing world for books and media.
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BUSINESS
January 1, 1993 | From Times Staff and Wire Reports
Liberty Media Corp. said its planned acquisition of Home Shopping Network Inc. has been delayed. The cable television company, an affiliate of Tele-Communications Inc., the nation's largest cable system operator, said it now expects the purchase to close in early 1993.
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.
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
May 18, 2006 | From Bloomberg News
Liberty Media Corp. challenged News Corp.'s settlement of a shareholder lawsuit over the company's "poison pill" takeover defense. Englewood, Colo.-based Liberty asked Delaware Chancery Court Judge William B. Chandler III to reject the accord in papers filed Friday. The settlement, disclosed April 13, would bar shareholders from suing to change poison pill plans, Liberty said.
BUSINESS
April 29, 1994 | From Times Staff and Wire Reports
TCI-Liberty Media Merger OKd: The Justice Department approved the combining of cable giant Tele-Communications Inc. and programming company Liberty Media Corp. after the two parties agreed not to discriminate against competitors. The department gave the companies clearance after they settled an antitrust suit alleging that the merger could lead to reduced competition among cable programmers and distributors. The settlement is contained in a proposed consent decree.
BUSINESS
January 6, 1993 | From Times Staff and Wire Reports
Liberty Media Buys Stake in Sports Channel: Denver-based Liberty Media Corp. has acquired the general partnership interest in Affiliated Regional Communications Ltd., which was previously held by cable investor Bill Daniels. ARC is the parent company of five regional cable TV sports networks. Liberty, through subsidiaries, will now own 76.6% of ARC. The remaining interest will be held by John McMullen, owner of baseball's Houston Astros, and Group W Services Inc. Terms were not disclosed.
BUSINESS
January 22, 2004 | From Dow Jones/Associated Press
Liberty Media Corp. has increased its stake in media behemoth News Corp., becoming its largest shareholder and second-largest voting block, according to a regulatory filing. Englewood, N.J.-based Liberty Media, which owns stakes in various media companies, bought a 9.15% voting interest in News Corp., bringing its total equity interest to about 17%. From Dow Jones/Associated Press
BUSINESS
May 9, 2006 | From Bloomberg News
Liberty Media Corp. posted a first-quarter loss of $26 million, or 1 cent a share, contrasted with net income of $254 million, or 9 cents, a year earlier. Englewood, Colo.-based Liberty's QVC home-shopping network sales climbed 7% to $1.56 billion, yielding an operating profit of $212 million, up 6% from a year earlier. The Starz Entertainment Group division had sales of $259 million, up from $254 million. Operating profit at the unit fell 8% to $33 billion.
ENTERTAINMENT
October 10, 2013 | By Meg James
John Malone's Liberty Media Corp. has paid Comcast Corp. $417 million in cash to buy back shares in Liberty Media that Comcast held. Comcast's interest in Liberty dates back to the Philadelphia-based cable company's sale 10 years ago of its stake in TV home shopping network QVC. Comcast owned about 6.3 million shares of Liberty. Thursday's deal also ended a long-standing revenue-sharing agreement involving the business news network, CNBC. Englewood, Colo.-based Liberty received a portion of CNBC revenue in a complicated arrangement that dates back at least two decades.
BUSINESS
December 21, 2012 | By Joe Flint, Los Angeles Times
The black BMW 750 looks out of place alongside all the Toyotas and Hondas in the parking lot of public radio station KPCC-FM (89.3) in Pasadena. The man who owns the sleek sedan also looks a little out of place. Wearing black pinstripes in a room full of khaki, Gordon "Gordy" Crawford is here to talk to the newsroom about the global economy. This is the same man who's considered to be one of the smartest guys in Hollywood, the influential investment fund manager best known for dispensing wisdom to the titans of media, entertainment and technology, not journalists.
BUSINESS
October 2, 2009 | Times Wire Reports
ViaSat Inc. is acquiring WildBlue Communications Inc., a provider of high-speed Internet access via satellite, for $568 million in cash and stock. Privately held WildBlue, in which Liberty Media Corp. holds a 37% stake, will become an operating subsidiary of ViaSat, which makes satellite communications equipment for defense and consumer markets. ViaSat, of Carlsbad, Calif., plans to buy WildBlue for $443 million in cash and $125 million in new common stock. Liberty will appoint a representative to ViaSat's board.
CALIFORNIA | LOCAL
September 29, 2009 | David Zahniser
A federal judge refused Monday to halt enforcement of the Los Angeles City Council's newest outdoor advertising law, which bars the installation of new digital billboards and multistory supergraphic signs across the city. In a tentative ruling, U.S. District Judge Audrey B. Collins said Liberty Media Corp. had failed to show a likelihood that it would prevail with its procedural arguments against the month-old ordinance. Liberty had asked Collins to issue an injunction blocking enforcement of the new law and forcing the city to allow 16 new signs.
BUSINESS
April 4, 2008 | From Times Wire Services
Liberty Media Corp. said it had purchased 78.3 million shares of DirecTV Group Inc. to increase its stake to 48%. Liberty financed the private transaction by borrowing $1.98 billion against a new equity collar on 110 million shares of El Segundo-based DirecTV. Liberty, based in Englewood, Colo., acquired a 41% stake in DirecTV in February.
BUSINESS
March 29, 2008 | From the Associated Press
A Delaware judge ruled Friday in favor of IAC/InterActiveCorp Chief Executive Barry Diller in a dispute with Liberty Media Corp. that could help determine the fate of the company. The opinion from the judge said Liberty failed to prove Diller violated an agreement between them by pursuing a plan to break up IAC's Internet conglomerate into five parts. New York-based IAC owns such brands as Ask.com, Match.com, Evite and Citysearch.
BUSINESS
November 14, 2003 | From Bloomberg News
Liberty Media Corp., the media investment company controlled by John Malone, said third-quarter profit rose 86% to $41 million after it bought QVC Inc., the biggest home-shopping television network. Net income of the Englewood, Colo.-based company increased to 2 cents a share from $22 million, or 1 cent, a year earlier. Revenue surged 72% to $905 million from $525 million. Shares fell 5 cents to $10.03 on the New York Stock Exchange.
BUSINESS
March 14, 2008 | From the Associated Press
IAC/InterActiveCorp Chief Executive Barry Diller testified Thursday that his plan to break up the media conglomerate was in the best interests of shareholders. "It was in the interest of all of those invested in IAC," Diller said in a Delaware Chancery Court lawsuit pitting him against Liberty Media Corp. Chairman John Malone. Diller announced in November that he wanted to spin off four of IAC's businesses, including its HSN home shopping network and Ticketmaster ticketing service.
BUSINESS
February 28, 2008 | From Times Wire Services
News Corp. said it completed its asset swap with Liberty Media Corp. Liberty exchanged its 16% stake in News Corp. for assets including a stake in DirectTV Group Inc., News Corp. said.
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