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Article: Analysts think Liberty CEO using News Corp. share purchase to up cash reserves.
- Article from:
- The Denver Post (Denver, CO)
- Article date:
- November 9, 2004
CopyrightCOPYRIGHT 2004 The Denver Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tom McGhee
Nov. 9--John Malone's move toward increasing Liberty Media's ownership share of News Corp. is part of a chess match that could end with Liberty trading its position in News Corp. for something more valuable, analysts said.
"It is all about cash," said Sean Badding, president and senior analyst with the Carmel Group in California. "If he has got more cash in his pocket, he is able to go on a buying spree. He wants to keep his options open."
Badding suggests that Douglas County- based Liberty, a holding company that owns Starz Encore and other programming assets, could be trying to force News Corp. to buy its 50 percent ...