Shares of John Malone’s Liberty Media Interactive, owner of “QVC,” are up sharply this morning after the company beat Q2 expectations for revenue and operating profit.
Revenue fell, year over year, to $1.9 billion, the company reported, yielding adjusted Ebitda of $412 million. Still, that was ahead of the $1.834 billion and $345 million average estimate of analysts.
Does Liberty Media want to own AOL?
CNBC’s David Faber raised the question this morning at the tail end of a long interview with Liberty Media CEO Greg Maffei.
Why has John Malone been dumping shares of IAC/InterActiveCorp in the past two weeks?
Liberty Media Corp., the company controlled by cable industry pioneer Mr. Malone–and incidentally the majority shareholder in IAC–has in recent weeks sold roughly $17.5 million worth of IAC stock.
The recent sales raise questions about whether Mr. Malone is losing confidence in his IAC investment.
Former AOL boss Steve Case virtually fled to his Hawaiian pineapple farm after the AOL-Time Warner merger he engineered in 2000 vaporized much of the group’s combined market value. Now that Liberty Media chairman John Malone is open to swapping his 2.8 percent stake in Time Warner for AOL’s dial-up business, the extent of Case’s [...]
Liberty Media (LCAPA) is “open” to swapping its stake in Time Warner (TWX) for AOL’s dial-up Internet access business, Liberty Chairman John Malone said Monday, Reuters reported.
Malone said there have not been any discussions on the concept so far, however.
Now that Barry Diller has won his court case against John Malone, he’s free to break up IAC into 5 pieces. The problem: Convincing investors that those pieces are worth more than the sum of their parts.
Unless you’re an employee of IAC, you’re probably reading this here first. … We’ve obtained an emailed memo from IAC chairman and CEO Barry Diller to his staff that went out around midnight Eastern as he prepares to fight John Malone’s Liberty Media in a Delaware court for control of the company he founded.
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