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Report: Murdoch Close to Deal for Liberty Media Stake in News Corp.

Authored by Mark Hefflinger on December 7, 2006 - 2:49pm.
New York - Rupert Murdoch's News Corporation is negotiating a deal with Liberty Media that would give him greater control over his company in exchange for News Corp.'s stake in satellite TV firm DirecTV, The Wall Street Journal reported on Thursday.
tags: Deals | Video | TV | DirecTV | Investing | News Corp. | Satellite | Media | Murdoch | Liberty | Stocks | Malone |

Report: News Corp, Liberty in Talks to Swap DirecTV Stake

Authored by Mark Hefflinger on September 15, 2006 - 11:41am.
New York - News Corporation CEO Rupert Murdoch is in talks with Liberty Media chairman John Malone, on swapping News Corp.'s estimated $9 billion, 38% stake in U.S. satellite TV provider DirecTV for Liberty's 20% holding in News Corporation, Reuters reported. The initial story from CNBC stated that Murdoch has soured on the U.S. satellite TV business, partly due to his inability to offer high-speed Internet without partnering with the telephone companies.
tags: Deals | Video | TV | Reports | Investing | News Corp. | Cable | Satellite | Liberty | Stocks |

Liberty Bid for United-GlobalCom Would Create Broadband Giant

Authored by Mark Hefflinger on January 19, 2005 - 8:00am.
Paris -- Liberty Media International, the U.S.-based cable group controlled by media mogul John Malone, has made a $3.5 billion cash and share bid to acquire the rest of European affiliate United-GlobalCom (UGC) that it does not already own. Liberty chairman, president and CEO Malone described the deal as a "merger of equals," which stands to create one of the largest broadband services companies outside the U.S. Industry experts say a successful bid would considerably strengthen Liberty's plans to expand its ownership of cable TV assets in Eastern Europe. UGC, already 53% owned by Liberty, is currently Europe's largest cable-TV operator, with more than 9 million customers in 15 countries. The deal, which Liberty expects to complete by this summer, must still be approved by shareholders.
tags: Bid | Liberty | United-GlobalCom | Broadband Giant |

Digital Music Distributor DMX Music Gets $10 Million from Liberty Media

Authored by Mark Hefflinger on April 3, 2003 - 3:18am.
Los Angeles -- DMX Music, a provider of digital music programming via satellite, digital cable, aircraft and the Internet, announced on Thursday that it has received a $10 million investment from parent company Liberty Media. The company will use the financing to further build its infrastructure and for working and growth capital to continue its expansion. Los Angeles-based DMX Music distributes its digital music and video programming services worldwide to more than 10 million homes, 180,000 businesses and 30 airlines.
tags: Digital Music | Liberty | DMX |

Liberty Media Looks to Purchase Stake in Hotel VOD Firm On Command

Authored by Mark Hefflinger on April 3, 2003 - 3:16am.
Denver -- On Command, a provider of in-room entertainment technologies like video-on-demand to the hotel and cruise ship industries, announced on Thursday that media giant Liberty Media has expressed interest in buying all outstanding shares in the company. Under the proposed deal, On Command stockholders would receive 0.0787 of a share of Liberty Media stock for each share of On Command they own. Denver-based On Command said it has established a committee of independent directors to consider the proposal, and will engage independent legal counsel and financial advisors.
tags: VOD | Stake | On Command | Liberty |