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.
June 22, 2001 |
Liberty Media Corp., the creator and distributor of television programs that's being spun off from AT&T Corp., agreed to buy cable systems in Germany from telephone company Deutsche Telekom. Terms weren't disclosed. The agreement replaces a February accord under which Liberty and another investor were to buy 55%. Analysts estimate Liberty might pay 5.5 billion euros ($4.7 billion) for the cable systems with 10 million customers.
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.
August 8, 2001 |
Liberty Media Corp., the cable television company run by John Malone, added $1 billion to a shelf registration that lets the company sell securities from time to time. The Englewood, Colo.-based company filed with the Securities and Exchange Commission to register $3 billion of common stock, debt securities and warrants, which can be shelved until financing needs arise or market conditions are favorable. The company, a unit of AT&T Corp., filed a $2-billion registration July 27.
June 9, 2005 |
John Malone, chairman of Liberty Media Corp., resigned from the board of Cablevision Systems Corp. to avoid conflicts that might arise because both companies own television programming assets. Malone resigned Monday, the company said in a filing with the Securities and Exchange Commission. Malone, who joined the board while Cablevision Chairman Charles Dolan battled to keep alive the Voom satellite TV service, is departing two months after the unit halted service.
June 20, 2006 |
Liberty Media Corp. won a retraction from U.S. regulators of an order that barred the company from owning voting stock in Time Warner Inc. The Federal Trade Commission voted unanimously to set aside the order, the agency said in a notice posted Friday on its website. Englewood, Colo.-based Liberty, controlled by billionaire John Malone, had asked the FTC to rescind the order. The FTC's voting restrictions stem from Time Warner's 1996 purchase of Turner Broadcasting System Inc.