April 4, 2008 |
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.
May 15, 2004 |
Liberty Media Corp. may consider a bid for Adelphia Communications Corp. if it could forge a partnership with Cox Communications Inc., a Liberty executive said. Robert Bennett, president and chief executive of Liberty, told investors that his company would not submit a bid for Adelphia on its own but would be interested in a joint bid if it would help Liberty increase its stake in Discovery Communications Inc. Liberty and Cox each own 50% of Discovery.
August 15, 2003 |
Liberty Media Corp. said operating income at its Discovery Communications unit more than doubled in the second quarter as its cable networks attracted more viewers. Discovery's operating income rose to $96 million from $37 million in the year-earlier period, Liberty said. Discovery's revenue rose 18% to $490 million. Liberty, based in Englewood, Colo., owns a 50% stake in Discovery.
February 14, 2008 |
Liberty Media Corp., based in Englewood, Colo., and New York-based IAC/InterActiveCorp agreed to keep IAC's board intact until a trial next month to settle their dispute over control of the firm. Lawyers for both companies filed a proposed status quo order maintaining the board and allowing IAC's bylaws to stay in effect until the trial, according to the filing in Delaware Chancery Court in Wilmington.
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.