John Malone Concentrates on Discovery.(Discovery Holding Co. of Liberty Media Corp increases stake in Discovery Communications Inc.)
Multichannel News, April, 2007 by Farrell, Mike
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By Mike Farrell But Not 100% of the Way, As Newhouse Holds On To One-Third Stake Liberty Media chairman John Malone, after nearly two years of waiting, has tightened his grip on Discovery Communications. Now the question becomes: How long does he have to wait to get full control? Liberty's Discovery Holding Co., which owns 50% of Discovery Communications, is about to boost that stake to 66% after the Liberty-controlled entity signed a letter of intent to acquire Cox Communications' 25% interest in DCI for $1.275 billion in cash and Travel Channel.
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