The mighty fall with AT&T

Article Abstract:

John C. Malone sold Tele-Communications Inc. to AT&T Corp. for $2.16 bil worth of AT&T stock, or about 38.3 mil shares. Since that March '99 deal, Mr. Malone has sold close to 30% of that stake, realizing $603 mil. Meanwhile, AT&T shares have declined by 60%, so what remains is worth $529 mil. Mr. Malone's Liberty Media Corp. has seen its Liberty Digital investments decline. At the same time, investors have bid up prices on shares of competitors Cablevision and Comcast, leading some to question the wisdom of Mr. Malone's AT&T deal.

Sales, profits & dividends, Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Statistical Data Included, Telecommunications services industry, Telecommunications industry, Internet services, Investments, AT&T Corp., T, Cable television, Telephone services, Cable television/data services, LBTYA

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In Surprise, Liberty Media Fattens Stake in News Corp

Article Abstract:

The Liberty Media Corp., in an unpected move, has announced that it increased its stake to 9.1% in News Corporation Ltd. It is the second largest stockholder after the family of Rupert Murdoch that holds 30% voting power. To accomplish this, Liberty Media, controlled by John C. Malone, traded 21.2 nonvoting stock for 48 million voting shares. It also makes Libert the largest equity shareholder at 17% with a combination of voting and nonvoting shares.

Australia, Securities issued, listed, Newspaper publishing, The News Corporation Ltd., NWS, Murdoch, Rupert, L

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Adelphia Board's Choices Complicate a Bidding Process

Article Abstract:

Time Warner and Comcast have submitted a joint $17.5 billion bid for the bankrupt Adelphia Communications Corporation; other bids are expected, and the board must still decide which offer is best for investors.

Acquisitions & mergers, Joint ventures, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, AMUSEMENT & RECREATION SERVICES, Mergers, acquisitions and divestments, Company acquisition/merger, Time Warner Inc., Adelphia Communications Corp., Comcast Corp., CMCSA, Entertainment industry, Company joint venture, ADELQ

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