John Malone does it again. In the first day of trading after its spinoff of Liberty Media(LMCA,LMCB,LMCAD,LMCBD), Starz(STRZA,STRZB) jumped 9.79% to close at $15.59. Despite a $1.1 billion debt burden, the Starz and Encore premium movie channels are thought to be a coveted prize for a larger media company. Starz is also investing heavily in original content such… Read More »
One thing about John Malone- if there’s a way to make a deal more complicated, he’ll find it. We’ve written in the past about the upcoming Starz spin, but now it’s finally here, and the company has issued a press release detailing what will happen. For those arriving late, Liberty Media Corporation(LMCA,LMCB) will be spinning itself off. That… Read More »
John Malone is at it again. Liberty Media Company(LMCA), a former tracking stock that was spun out from his core Liberty Interactive(LINTA), will be spinning off its Starz subsidiary. The Starz spinoff will contain the operating assets of Liberty Media, including the Starz and Encore premium cable networks. Liberty Media’s assets after the spin will primarily be its… Read More »