In what would appear to be a succession-planning move, John Malone has offered Discovery Communications CEO David Zaslav the right of first refusal to buy his voting stakes in the Silver Spring, Md.-based media company.
David Zaslav, president and CEO of Discovery Communications, will continue in that role through 2019, the cable conglomerate announced today.
Comcast is looking seriously at acquiring Time Warner Cable, multiple reports said earlier today, prompting rapid fluctuations in TWC's stock price, which spiked 9 percent to $132.16 a share this afternoon (the stock was trading below $120 a share as recently as Wednesday).
The rumors have been flying around since last winter, but Time Warner Cable on Thursday finally made it official, announcing that chairman and CEO Glenn Britt would retire when his contract expires at the end of the year.
The cable pioneer who Al Gore once referred to as “Darth Vader” has fired up the tractor beam, as John Malone’s Liberty Media has snared a significant stake in Charter Communications.
London ad sources expect a European marketing onslaught from a combined Liberty Global-Virgin Media company after Liberty founder John Malone announced the cable giant’s $16 billion agreed takeover of the U.K. telecom firm.
Liberty Media said it would purchase a stake in Barnes & Noble for $204 million. The media giant was seen as a potential savior for the bookseller that went up for sale last year, but Liberty has declined to outright acquire the company.
Ron Burkle's made a major blunder with his recent Barnes & Noble investment, says the New York Post.
John Malone, the chairman of Liberty Media, explained why his company made a buyout bid for Barnes & Noble valuing it at $1 billion.