May 10, 2005 |
Liberty Media Corp., controlled by cable television investor John Malone, posted a first-quarter profit of $254 million as sales rose at the QVC television shopping channel and the Discovery cable TV network. Net income was 9 cents a share, contrasted with a loss of $10 million, or break-even on a per-share basis, a year earlier, the company said Monday in a filing with the Securities and Exchange Commission.
March 30, 2005 |
Liberty Media Corp. Chairman John Malone said Tuesday that he wanted to hold or expand his company's stake in Rupert Murdoch's News Corp., heightening a conflict between the executives over the future of Malone's investment. "I would prefer either to hold and enhance the position or find a way to distribute the position to shareholders," Malone, 64, said at an investment conference in New York. "There are lots of options including the status quo."
March 16, 2005 |
One of the world's most valuable names on cable TV may soon be up for grabs as a result of a financial maneuver Tuesday by cable mogul John Malone. Liberty Media Corp., Malone's cable programming company, said Tuesday that it would spin off its 50% stake in Discovery Communications Inc., which owns cable networks such as the Discovery Channel, TLC, Animal Planet and the Travel Channel. Discovery, based in Silver Spring, Md.
March 15, 2005 |
John Malone, chairman of Liberty Media Corp., said Monday that he joined the board of Cablevision Systems Corp. this month because Cablevision Chairman Charles Dolan had "been a friend for 40 years." "It seemed like I might be helpful to him in settling things down," Malone said during a Liberty Media International Inc. conference call.
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.
November 10, 2004 |
Liberty Media Corp., which recently acquired the right to nearly double its stake in Rupert Murdoch's News Corp., has "no hostile intentions" toward the company, Chief Executive Robert Bennett said Tuesday. "There has been a lot of speculation surrounding this transaction, but I would like to make it very clear that we view ourselves as allies of News Corp. and the Murdoch family," Bennett told analysts and investors during a conference call to discuss third-quarter results.