Tweet

Liberty Media Boosts DirecTV Stake to 48%

John Malone-Led Company Shifting Strategy to Convert Investments Into Operating Businesses

By Robert Marich -- Broadcasting & Cable, 4/4/2008 12:28:00 PM

John Malone-led Liberty Media took an interim step toward making minority-owned DirecTV into a consolidated business someday.

Liberty raised its stake in satellite-TV platform DirecTV to 48% Thursday. In February, Liberty became a DirecTV shareholder when took a 41% stake from Rupert Murdoch’s News Corp. as part of a complex transaction.

Wall Street has been cool to Liberty’s past strategy of aggregating sliver minority investments in various cable-TV and media businesses. In 2006, Liberty shifted strategy to convert its investments to operating businesses.

According to DirecTV’s charter, a shareholder passing the 50% equity threshold is required to make a bid for all of DirecTV’s stock.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author
• Most Popular Pages

No related content found.

Also by this author

• Hot Market for Business Channels

• Billionaire Buffett Gives GE Seal of Approval

• LIN-Time Warner Cable Retrans Talks Hit Crunch Time

• Warner, CBS, Hulu, E! Supply Web Videos to Slide

• Optimedia Ranks Olympics Above Super Bowl

Also by Robert Marich

Most Popular Pages

No Top Articles

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Rovi

  Rovi Corporation is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively connect to new entertainment from many sources and locations. The company also provides extensive entertainment discovery solutions for ..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Infrastructure Design for High Volume Video Workflows
• Mobile Media Strategies That Work
• Multi Format Encoding for Efficient Content Repurposing
• The CIOs Guide to Videoconferencing Security Keeping Pace with th..