Tracking the rich deals of TCI's chairman is no easy job

Article Abstract:

Tele-Communications (TCI) Chmn John C. Malone's financial acumen has positioned him to gain effective control of Liberty Media, the cable TV operator's surging cable programming arm. Malone will take over Liberty Media after his sale of TCI to AT&T, for $36 billion plus assumption of $11 billion in debt, is completed. Financial terms of the TCI sale include Liberty to offset future tax bills through a $1.8 billion net operating loss as well as the unilateral right to borrow billions. Liberty's value has leaped more than 40 times its value since 1991, when Malone spun off the company and initially invested $42 million. Malone, who has since sold some shares, would currently hold $1.76 billion. By comparison, two-thirds of TCI shareholders decided to forgo investing in Liberty in 1991.

Management, Internet services, Cable television/data services, LBTYA, Liberty Media Corp., Company executive, Computer executives, Malone, John C., Company Business Management

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While the deal for TCI may be good for most shareholders, it will make the company's chairman very rich

Article Abstract:

Tele-Communications Inc.'s (TCI) chairman, John C. Malone, reached a major deal by agreeing to sell TCI for $31.8 billion to AT&T Corp. The acquisition will make Mr. Malone and TCI stockholders extremely wealthy. According to the terms of the purchase, TCI's class B shares will receive 9.7% more for each share in AT&T stock than its A shares will get. An estimated 30 million class B TCI shares are owned by Mr. Malone. His shares constitute over 50% of the outstanding 50 million class B shares.

Comment:

AT&T's $31.8 billion purchase of TCI will make TCI chairman, John C. Malone, and stockholders very wealthy

Asset sales & divestitures, Acquisitions & mergers, Wired Telecommunications Carriers, Telephone Communications, Media Planning/Goals, Media Formation/Mergers, AT&T Corp., Telephone services, AT&T Broadband and Internet Services Inc., Article

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Helped by Blockbuster unit, Viacom posts solid quarter

Article Abstract:

Fourth quarter earnings rose 24% over the same quarter a year ago and revenue rose 15%. Units that did well were Blockbuster, entertainment and cable television. The company is planning a 2-for-1 stock split for March 31; it is also planning to move from the American to the NYSE.

Comment:

Video store unit helped Viacom's earnings

Sales, profits & dividends, Prerecorded Tape, Compact Disc, and Record Stores, Record & prerecorded tape stores, Videotape Sales & Rental Stores, Finance, Abstract, Viacom Inc., VIA, Video stores, Blockbuster Inc.

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