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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.
In a Schedule 13D document, or “beneficial ownership report,” filed with the Securities and Exchange Commission, the Liberty Media chairman said Zaslav will have the right to vote Malone’s 29.5 percent stake in Discovery “in the event Mr. Malone is not voting the shares.”
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