Media Industry
Industry: Email Alert RSS FeedMalone retakes the point; TCI chief assures nervous analysts that his company is fundamentally solid. (John Malone, TCI Communications Inc., reassures financial industry of TCI's financial health) (includes related article on personality of John Malone and his impact on value of TCI)
Broadcasting & Cable, October, 1996 by Colman, Price
TCI chief assures nervous analysts that his company is fundamentally solid It's kind of fun to be Darth Vader again," John Malone told analysts last week, trying to reassure them-- in the face of his company's disappointing third-quarter results--that the force was still with him. "Rumors that I have expired, or am terminally ill, or have lost interest in the cable company are substantially inaccurate," declared a smiling, relaxed Malone.
Speculation about health problems-- for Malone and TCI alike--have taken their toll on the TCI stock (Nasdaq: TCOMA) over the past several months. It hit yet another 52-week low last Thursday at 11 5/8, but rebounded a half point on Friday. Malone and TCI Communications President Brendan Clouston delivered...
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