Malone Sounds Bull Horn on Cable.(John Malone)
Multichannel News, May, 2006 by Farrell, Mike
By Mike Farrell New York-- Cable-industry pioneer and Liberty Media Corp. chairman John Malone sold off his U.S. cable operations years ago, but last week he offered up an endorsement of the business. Briefly holding court with analysts and reporters after Liberty's annual investor meeting here last week, Malone said "the cable business has an awfully strong hand in the U.S." "If the public turns out, as we've always believed, to want random access, satellite is not in a great position to offer that," he said.
"That, plus the bundling capability that cable has." Buoyed by positive operating results at the biggest MSOs, U.S. cable stocks are up 5.7% since the beginning of the year after tumbling 10% in value in 2005. Addressing...
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