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Liberty Media Corp

BUSINESS
December 1, 2004 | From Bloomberg News
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.
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BUSINESS
November 13, 2004 | From Bloomberg News
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.
BUSINESS
August 10, 2004 | From Bloomberg News
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.
BUSINESS
May 15, 2004 | From Associated Press
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.
BUSINESS
May 11, 2004 | From Bloomberg News
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.
BUSINESS
March 2, 2004 | From Bloomberg News
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.
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
January 16, 2004 | From Associated Press
Leo Kirch, the founder of the defunct German media empire Kirch Group, filed a lawsuit in New York against Liberty Media Corp. and Deutsche Bank charging that they were involved in a conspiracy to destroy his company. An amended complaint, filed Wednesday in state Supreme Court in Manhattan, charges that Liberty and its chairman, John Malone, and Deutsche Bank and its chairman, Rolf Breuer, conspired to undermine a deal Kirch was negotiating to bring his privately owned company public.
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.
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