John Malone

Former Discovery Holdings Head to Pay $1.4M in FTC Settlement

Authored by Mark Hefflinger on June 24, 2009 - 7:59am.

Silver Spring, Md. - John Malone, the former chairman and CEO of Discovery Communications parent Discovery Holding, will pay $1.4 million as part of a settlement with the Federal Trade Commission (FTC) over allegations that he purchased company shares last year before the expiration of a waiting period required by law.

tags: Law | Discovery Communications | FTC | John Malone |

DirecTV to Merge With Liberty Media's Entertainment Unit

Authored by Mark Hefflinger on May 4, 2009 - 7:30am.

El Segundo, Calif. - Satellite TV operator DirecTV (NASD: DTV) announced on Monday that it plans to mere with the entertainment unit of Liberty Media (NASD: LINTA), which will be spun off into a separate, publicly-traded company. The deal will give John Malone's Liberty Media a 54% controlling stake in DirecTV, up from 48% prior to the transaction.

Liberty Media to Spin-Off Entertainment Group

Authored by Mark Hefflinger on December 15, 2008 - 11:25am.

Englewood, Colo. - John Malone's Liberty Media Corp. (NASD: LINTA) on Monday announced that its board has authorized a plan to spin-off its Liberty Entertainment group, which holds a majority stake in DirecTV, GSN, Fun Technologies and Liberty Sports Holdings. "We believe a new asset-backed security will reduce the discount from fair value in our stock, thereby making it a more attractive currency, and will permit us to better pursue our strategic objectives," said Liberty Media president and CEO Greg Maffei.