John Malone to buy Virgin Media for $16 billion

[Nemo]

http://www.nypost.com/p/news/busines...qyB5t2MnOI4YZN



Liberty Global Inc., the cable TV operator owned by media mogul John Malone, is buying U.K.-based Virgin Media Inc. in a deal valued at $16 billion.....................................

[CAPTAIN KIRK]

http://www.nypost.com/p/news/busines...qyB5t2MnOI4YZN



Liberty Global Inc., the cable TV operator owned by media mogul John Malone, is buying U.K.-based Virgin Media Inc. in a deal valued at $16 billion.....................................

Now here's a guy who really has all the marbles....unlike Hamptons Howchie & orangoutang Trump...

[Lou Cypher]

Now here's a guy who really has all the marbles....unlike Hamptons Howchie & orangoutang Trump...

All the marbles AND his real teeth!

[CAPTAIN KIRK]

All the marbles AND his real teeth!

Seems like his own real hair too!

[Bye You!]

All the marbles AND his real teeth!

Seems like his own real hair too!

the man's got it all. maybe he even has a wife who loves him.

Wiggy must be seething with jealousy.

[jimbronie]

Hmmm could this have something to do with what his aspirations are for SXM?

[Rodney21a]

=

Hmmm could this have something to do with what his aspirations are for SXM?

No. it seems just cementing his position with liberty... Vs Rupert Murdok

John Malone renews Murdoch rivalry as Liberty Global buys Virgin Media for $23.3bnJohn Malone's Liberty Global has agreed to buy UK pay-TV company Virgin Media for $23.3bn in a deal that sees the US billionaire lock horns with arch rival Rupert Murdoch in Britain for the first time




By Richard Blackden and Katherine Rushton7:44AM GMT 06 Feb 2013
51 Comments


Virgin Media's longstanding chief executive Neil Berkett will step down after the deal is closed, although Liberty said it has no plans to change the company's strategy of investing in its fibre network and content.

Shareholders in Virgin Media will recieve $47.87 a share, with $17.50 in cash and the rest in Liberty Global shares.

The acquisition cements Mr Malone's position as one of the biggest forces in the TV and broadband industry in Europe, where Liberty Global already owns businesses in Germany, Belgium and Switzerland.

"The deal dramatically increases the scale of our business and our business thrives on scale," said Michael Fries, the chief executive of Liberty Global.

Adrian Drury, an analyst at Ovum, said he expected a "slug-fest" between the two camps.

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Virgin Media, with about 5m customers, still trails the market leader BSkyB, which has 10.7m households signed up to its service.
Mr Fries said that Virgin Media and BSkyB are focused on different parts of "the food chain," but there is little doubt that Liberty Global will want to further sharpen Virgin Media's efforts to steal market share in Europe's largest pay-TV market.
Mr Malone's US company is making a multi-billion dollar bet on Britain even as the economy's recovery struggles to gain traction.
Liberty, which is based in Denver, was partly attracted by the success Virgin Media has had in persuading British customers to sign up for its package of pay-TV, internet and phone services. Mr Fries said he thought the company would continue to chart strong progress, despite the testing economic backdrop.
"If you look at our industry as a whole, it's not immune to economic difficulties, but it's resistant," said Mr Fries. Consumers will look around for the best deal but "their don't generally disconnect their TV and computer," he said.


Mr Malone and Mr Murdoch are longstanding rivals. They last did battle a decade ago when they wrestled for control of America's biggest satellite broadcaster DirecTV. The stand off was only settled after News Corp agreed to sell its one-thrid stake in the company to Liberty, and Liberty agreed to sell its its 16pc stake in News Corp, handing Mr Murdoch greater control of the media empire he founded.

What he is doing with SXM is only a part of a larger strategy and since Howard is such a small part of SXM of today then Howard is a fly on an elephants ass in relation to anything Malone is doing on a daily basis.

[Kamie]

Hmmm could this have something to do with what his aspirations are for SXM?

This has more to do with their presence in the UK. Virgin Media is a UK telecommunications company.

[Tom Doyers]

Seems to me that Malone is the real King of All Media.

[CAPTAIN KIRK]

Seems to me that Malone is the real King of All Media.

[srricks]

Seems to me that Malone is the real King of All Media.

I'm going to wait until I notice some actual changes to the Stern Show before I praise Malone. I mean the show still seems the same...

[Nemo]

I'm going to wait until I notice some actual changes to the Stern Show before I praise Malone. I mean the show still seems the same...

???
Stern controls his channels
.....thanks to a 2nd shit contract given to Wiggy by his partner in crime Mel.

[922Wine]

???
Stern controls his channels
.....thanks to a 2nd shit contract given to Wiggy by his partner in crime Mel.

Has Howard taken credit yet for Malone being able to afford this deal?

[ohmicah]

Has Howard taken credit yet for Malone being able to afford this deal?

If Malone bought a billion shares of Sirius @.03/share he sure could've afforded this deal.

[Rodney21a]

Zoo-za-Zoo

Mr. Malone actually has offspring who are productive.



Evan Malone

Play Now:


Phorecast Podcast No 05 – Evan Malone [15:48m]: Hide Player | Play in Popup | Download(1509)

Imagine a printer that instead of printing with ink on paper deposits droplets of plastic, layer by layer, gradually building up a 3d object of any shape complete with circuit boards, batteries and displays! Now stop imaging, because this printer already exists, it can already now print flashlights and watchbands, and will very soon allow you to print your own customized cell phone or Ipod.Phorecast has the honor of interviewing Evan Malone from Cornell University, one of the brains behind the Fab@home personal desktop Fabber project.The Fabber is essentially a revolutionary desktop printer that allows you to build three dimensional objects from plastic and other materials. Together with co-creator Hod Lipson, Evan has printed flashlights, watchbands, squirt bottles, batteries, artificial muscles, even fancy chocolates. On their website Fab@home they teach people how to build their own fabbers and encourage them improve the design and share their blueprints online.

At Liberty Media, Evan Malone joins the fold

Liberty Media said Wednesday - at about 6:30 eastern time - that it's increasing its Liberty Capital stock repurchase plan, from $300 million to $600 million. Good news for shareholders, unless you accept some of the downsides of buybacks illustrated in this article.
It is the third and final paragraph of the news release that catches the eye. In its entirety:

Additionally, the board of directors has increased the size of the board from eight to nine members and elected Evan D. Malone, an engineering consultant, to serve as a Class I director. Mr. Malone is the son of John C. Malone, the Chairman of the board and a director of Liberty Media.

Indeed. There is no other biographical information in the Liberty release to indicate what qualifies Evan Malone to sit on the board of a multibillion-dollar corporation.
From a bit of searching, we believe this Evan Malone is the Malone in question. Like his father, he is a "Dr. Malone," with a PhD. The bio says he is a post-doctoral researcher in mechanical engineering in the Computational Synthesis Laboratory at Cornell University and is also co-creator of the "Fab@Home project," which, the bio says, "promotes the advancement of personal automated fabrication technology by freely distributing designs and software which allow anyone to build and operate their own desktop 3D printer ("fabber") system."
Liberty Media directors are not volunteers. According to the company's most recent proxy, directors get an annual fee of $52,500, plus extra cash if they serve on a board committee. In 2007, directors got an annual option grant valued at just under $86,000, and an additional option grant valued at nearly $77,000.
In Evan Malone's case, he'll also receive trips to Colorado for board meetings, which will incidentally coincide with family visits.

[Bye You!]

Evan Malone seems brilliant.

And $80,000 is a pittance to the Malones. Not a huge deal that he's on the board, IMO.