Greg Maffei


Chase Carey in pole as Liberty completes F1 deal

Liberty Media has completed its US$8 billion takeover of Formula 1 and appointed Chase Carey as CEO, replacing long-standing F1 boss Bernie Ecclestone. After 40 years in charge of the sport, Ecclestone now becomes ‘chairman emeritus’ and will be available as “a source of advice” for the F1 board. Carey (pictured), who also serves as […]

Liberty Media agrees $4.4bn Formula 1 deal

Liberty Media has confirmed that it is buying the Formula1 motor sports business for US$4.4 billion. The deal gives F1 an enterprise value of US$8 billion and will see Liberty buy an initial minority stake of 18.7%, which it will up to 100% subject to antitrust and competition approvals in various countries. Liberty, owned by […]

Lionsgate buys $4.4bn Starz

Lionsgate has acquired premium cable net Starz for US$4.4 billion. The deal had long been mooted with Starz CEO Chris Albrecht (left) telling TBI late last year that consolidation made sense in the current market. The Starz boss renewed his contract at the firm this week until 2020. The deal sees Hollywood’s largest independent studio […]

Albrecht extends Starz stay

Chris Albrecht has signed a contract to remain CEO of US premium cable channel Starz until 2020, simultaneously adding the title of company president. The new deal is effective as of July 1, with Albrecht (pictured) replacing the long-serving Glenn Curtis as president. The news closely follows the appointment of global marketing president Jeffrey Hirsch […]

Liberty Media to spin-off cable assets

Liberty Media is to spin-off its cable assets into a separate publicly-traded business. The company has announced the creation of Liberty Broadband. This will house Liberty’s 26.4% stake in US cable company Charter Communications, a minority shareholding in Time Warner Cable and mobile unit True Position Technologies. This comes as part of a complex plan […]