Mike Fries


Scripps linked to Chellomedia bid

Scripps Networks Interactive is reportedly among the interested suitors looking at Liberty Global’s for-sale content business, Chellomedia. Liberty Global CEO Mike Fries said – while attending an Allen & Co-organised gathering of media moguls in Sun Valley, Idaho, last week –that Chellomedia had already attracted at least eight prospective strategic buyers and eight financial bidders, […]

Liberty quiet on Chellomedia sale report

Liberty Global has declined to comment on a report in the Wall Street Journal that it has put its Chellomedia content business up for sale. According to the Journal, Liberty Global has put Chellomedia up for a sale in a move that could potentially lead to a deal valued at between US$800 million and US$1 […]

Liberty Global makes senior Virgin Media appointment

Liberty Global has named the managing director of UPC Netherlands, Robert Dunn, as Virgin Media’s next chief finance officer. The appointment is due to be made after Liberty completes its buyout of Virgin Media, which is due to happen by the end of the second quarter. Dunn will replace current Virgin CFO Eamonn O’Hare, who […]

Virgin Media hires ex-News Corp boss Tom Mockridge

Former News International CEO Tom Mockridge is set to take the CEO role at Virgin Media, replacing current boss Neil Berkett after the closing of Liberty Global’s buyout of the business. Mockridge, who spent more than two decades at News Corp before stepping down from its newspaper arm in December, will report to Liberty Global […]

Liberty boss says Murdochs approve of Virgin deal, dismisses Netflix threat

Rupert and James Murdoch both approve of Liberty Global’s takeover of Virgin Media and understand the need for competition in the UK market, LGI’s CEO Mike Fries said late yesterday. Fries added that under LGI’s control, Virgin Media will not compete with BSkyB for premium sports rights. In a keynote address at the Cable Congress […]

Liberty Global confirms US$23 billion Virgin Media deal

Liberty Global and Virgin Media have agreed a deal whereby the international service provider will acquire the UK’s sole large-scale cable operator in a stock and cash merger valued at approximately US$23.3 billion in enterprise value terms, including debt. The deal gives Virgin Media an equity value of US$16 billion.   Virgin Media shareholders will […]

Liberty Global ups stake in Telenet

Liberty Global has increased its stake in Belgian cable operator Telenet to over 58% after making a cash offer for shares in the company that it did not already own. Liberty Global intends to align the strategy and operations of Telenet with the rest of the international cable company. Liberty Global will also seek to […]