Mike Fries

Liberty pays £481m for 6.4% stake in ITV

Liberty Global has bought a 6.4% stake in UK terrestrial broadcaster ITV for £481 million (US$822.9 million). Announcing the deal this morning, Liberty said it had acquired the 259.8 million ITV shares from BSkyB at £1.85 per share. Sky said it intends to use the proceeds for “general corporate purposes”, though analysts have suggested it […]

Discovery, Liberty secure All3Media takeover

Discovery Communications and Liberty Global have confirmed the £550 million (US$930 million) acquisition of the UK’s largest production group, All3Media. Yesterday, it emerged the pair had snuck in to tie up a deal for the producer, which comprises 26 creative divisions, 19 production units and international distribution wing All3Media International, and scored revenues of around […]

Malone outlines share plan for Discovery’s Zaslav, Liberty’s Fries

Media mogul John Malone (right) has given right of first refusal to his holdings in Discovery Communications and Liberty Global to the respective companies’ CEOs. The move has been widely seen as 72 year-old Malone’s first steps in laying out a succession plan for his global media empire. Discovery chief exec David Zaslav will get […]

Virgin Media deal drives Liberty Global subscriber numbers

Liberty Global reported a next-generation video user base of 2.5 million, after a “watershed year” that saw it buy Virgin Media, agree to acquire Ziggo and sell its Chellomedia content arm. Announcing its fourth quarter and full year results, Liberty said that as of December 31 its “next-generation video” customers consisted of two million Virgin […]

AMC Networks completes $1bn Chellomedia purchase

AMC Networks has closed its €750 million (US$1 billion) acquisition of global channels operator and content company Chellomedia from Liberty Global. The deal is for “substantially all” of Liberty’s interests in Chello, excluding Dutch premium cable channels Film1 and Sport1. Chello Central Europe, Chello Latin America, Chello Multicanal, Chello Zone, ad sales unit Atmedia and […]

Liberty agrees $13.7bn Ziggo takeover

Liberty Global has agreed to buy Ziggo, in a deal that values the Dutch cable operator at roughly €10 billion (US$13.7 billion). The stock and cash deal will see Liberty offer roughly €34.53 per Ziggo share, based on its own current share price. This marks a premium of 22% on Ziggo’s closing share price of […]

Liberty may split international businesses

Cable giant Liberty Global is considering separating its European and Latin American businesses. Attending the The World Economic Forum meeting in Davos, Switzerland, Liberty Global CEO Mike Fries said the international cable operator’s European business is experiencing strong growth. But low broadband penetration in Latin America meant that, while there remained an opportunity in the […]

AMC Networks buys Chellomedia for $1bn

AMC Networks has reached an agreement to buy Liberty Global-owned channel operator Chellomedia for €750 million (US$1 billion). The deal hands US-based AMC an extensive array of channels that are distributed to nearly 400 million homes in 138 territories. Chellomedia is the international content arm of John Malone’s Liberty Global, while AMC has emerged a […]

International media coming to Cambridge

Liberty Global CEO Mike Fries, ABC boss Paul Lee and Microsoft Studios chief Nancy Tellem will be in the UK next month for the Royal Television Society’s annual convention. The media get-together is chaired by Channel 4 boss David Abraham and other speakers include UK culture secretary Maria Miller, BBC Worldwide CEO Tim Davie, YouTube […]

Liberty posts $12m loss but Virgin boosts subs

Liberty Global reported a net loss of US$12 million in its second quarter and a drop in operating income, though received a customer boost thanks to its recent acquisition of Virgin Media. Liberty said it had a 41% or 13.7 million year-on-year increase in revenue generating units (RGUs), largely driven by the acquisition of Virgin […]