The Wall Street Journal
Liberty Media Corp.
) is on the verge to acquire a 25% stake of
Charter Communications Inc.
) for a total consideration of approximately $2.5 billion.
Charter Communications is currently the eighth largest pay-TV
operator in the U.S. with around 4.2 million video
Englewood, Colorado-based Liberty Media owns interests in a
broad range of businesses, including media, communications and
entertainment. The company offers its services predominantly in
the North American region. Liberty Media currently has a Zacks
Rank #3 (Hold).
During the last six months, Liberty Media has been
restructuring its business model. In Jan 2013, the company spun
off its Starz Entertainment segment as a separate entity. Starz
is famous for its premium movie channels.
In the same month, Liberty Media acquired more than 50%
controlling stake of
SIRIUS XM Radio Inc.
), the largest satellite radio broadcaster of the U.S. Recently,
the company also raised its stake to 27% in
Live Nation Entertainment Inc.
), the largest concert promoter and ticketing company in the
In Nov 2011, Liberty Media invested $204 million to purchase
preferred stocks of Barnes & Noble, the world's largest
bookseller, which can be converted into approximately 12 million
shares of the latter. These preferred stocks will yeild an annual
dividend of 7.75%.
Barnes & Noble has an extensive digital business through
its powerful e-book reader called the "Nook." Nook currently
commands around 25% of the global e-book market share and is the
second largest e-book reader after the "Kindle" of
CHARTER COMM-A (CHTR): Free Stock Analysis
LIBERTY MEDIA-A (LMCA): Get Free Report
LIVE NATION ENT (LYV): Free Stock Analysis
SIRIUS XM RADIO (SIRI): Free Stock Analysis
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