Malone has cash, is yearning to buy, finds pickings slim.(John Malone states his wish)
Multichannel News, May, 2005 by Farrell, Mike
NEW YORK -- Flush with cash and a burning desire to lever up its balance sheet, Liberty Media Corp. is intent on bolstering its already impressive stable of television networks through acquisition this year. But what to buy?
At an investor meeting here last week, the media giant said that there are precious few properties for sale.
Chairman John Malone does have a wish list, though. He expressed a desire for National Geographic Channel--and even E.W. Scripps Co.'s cable assets I at the gathering last Thursday. Prospects for buying those networks seem remote, though, so Liberty might have to settle for small international cable properties that tie in with its existing Discovery Communications Inc. and QVC Inc. properties.
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