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.
January 19, 2005 |
John Malone's Liberty Media International Inc. offered to buy the rest of UnitedGlobalCom Inc. for about $3.52 billion as part of his plan to combine his international cable television assets. Pooling the assets in a new company, Liberty Global Inc., will make it easier for investors to value the companies, he said. Liberty Global Inc. will hold UnitedGlobalCom, the largest publicly traded cable TV company in Europe, and Liberty Media's assets, including cable systems in Japan.
December 1, 2004 |
John Malone's Liberty Media International Inc. agreed to take control of Jupiter Telecommunications Co., Japan's largest cable-TV company, if Jupiter would sell shares to the public. Liberty Media said it would place its 45% stake in Jupiter into a holding company, along with a 32% stake owned by Sumitomo Corp. Liberty Media shares rose $1.21 to $43.06 on Nasdaq.
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.
August 10, 2004 |
Liberty Media Corp., the investment company controlled by John Malone, said its loss narrowed in the second quarter to $314 million as the purchase of home-shopping network QVC boosted sales. The loss equaled 11 cents a share, compared with a loss of $464 million, or 17 cents, a year earlier, Englewood, Colo.-based Liberty said. Revenue more than tripled to $1.85 billion. Malone bought a 57% stake in QVC in September 2003 from Comcast Corp. for $7.68 billion in cash, stock and notes.
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.
May 11, 2004 |
Liberty Media Corp., the company controlled by cable TV investor John Malone, had a first-quarter loss of $10 million as some investments declined in value and profit fell at its Starz Encore movie networks. The loss of less than 1 cent a share compares with net income of $132 million, or 5 cents a share, a year earlier, the Colorado-based company said in a regulatory filing. Reported sales jumped more than fourfold, to $2.
March 2, 2004 |
Liberty Media Corp., the media investment company controlled by John Malone, will do a stock swap with the heirs of Tele-Communications Inc.'s late founder, Bob Magness, reducing Malone's voting control of Liberty. Liberty will exchange 105 million Class A common shares, worth $1.2 billion at Liberty's Monday closing price, for the Magness family's Class B shares. Malone, 62, has voting rights over those shares as part of a 1998 agreement with the family.
January 22, 2004 |
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