September 17, 1993 |
American Movie Classics Sale Reported: Cablevision Systems Corp.'s Rainbow Programming Holdings unit has agreed to purchase Liberty Media Corp.'s 50% stake in the popular cable TV channel. The deal will give Rainbow 75% of American Movie Classics. "We're committed to the programming business and to this product, so there was really no question about whether we would buy," said James Dolan, Rainbow chief executive.
October 21, 2006 |
News Corp. shareholders approved the extension of a "poison pill" provision, easing pressure on Chief Executive Rupert Murdoch to complete a buyback or swap for Liberty Media Corp.'s stake. More than 57% of eligible News Corp. shareholders voted to extend the provision, which makes hostile takeovers prohibitively expensive, to October 2008 from November 2007. The vote comes as Murdoch continues talks to swap or buy back Liberty Media's stake in his publishing and media empire.
November 13, 2004 |
Liberty Media Corp. Chairman John Malone said his company's plans to raise its voting stake in News Corp. were "entirely friendly." News Corp. adopted an anti-takeover defense Monday after Liberty announced a swap transaction last week that would allow it to buy $1.5 billion in News Corp. stock. Malone said he didn't tell News Corp. Chairman Rupert Murdoch beforehand because he believed that would have violated securities laws.
CALIFORNIA | LOCAL
April 11, 2000
Four Media Co. in Burbank said stockholders have approved a merger with Liberty Media Corp., a Colorado firm. Under the agreement, Liberty will acquire 100% of Four Media. Stockholders will receive 0.16129 shares of AT&T Class A Liberty Media stock and $6.25 for each share of Four Media stock held. Liberty Media holds interests in a broad range of video programming, communications and Internet businesses in the United States.
January 22, 2005 |
Liberty Media Corp.'s credit rating may be cut by Standard & Poor's to non-investment grade because, the ratings firm said, Chairman John Malone has created "uncertainty" with talk of splitting the company. Malone had said in an interview with the Wall Street Journal that he might split the company's entertainment networks and interactive businesses into separate companies. "There's a chance the new structure may not be as good for bondholders," S&P analyst Heather Goodchild said.
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.
May 16, 2006 |
Liberty Media Corp. challenged News Corp.'s settlement of a shareholder lawsuit over the company's "poison pill" takeover defense. Liberty, based in Englewood, Colo., 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 Media said.
February 14, 2007 |
Media investor John Malone took the latest step to streamline Liberty Media Corp. by swapping a 1% stake in CBS Corp. for a television station in Wisconsin and $170 million in cash. It marked the latest move by Malone to simplify Liberty's corporate structure by swapping passive investments in other media companies for operating businesses. The day before, Liberty finalized a deal with Time Warner to exchange a block of Time Warner Inc. shares for the Atlanta Braves and other consideration.