Tag Archives: STRZA

Lions Gate Singing Twinkle Twinkle Little Starz

When Starz (STRZA) was first spun out of Liberty Media (LMCA) back in 2013, it seemed like only a matter of time before the company was acquired. Many rationalized the spinoff as purely an attempt to get the company sold and buyout rumors always seemed to swirl around the company (and keep its price up). It didn’t happen… Read More »

Crunch Time For The Dolans- Altice To Buy Cablevision, AMC Networks May Buy Starz,MSG Spinoff Set

The Dolan family has spent the better part of the decade spinning off assets. The dynasty behind Cablevision(CVC) spun off the Madison Square Garden Company(MSG) in 2010, followed by AMC Networks(AMCX) in 2011. Now, all three companies are in the midst of radical transformations. Early this morning, Cablevision announced that it would be acquired by French telecom Altice… Read More »

Starz Jumps 9.79% In First Day Of Trading Alone After Spinoff Of Liberty Media

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 »

Liberty Media Takes The Money And Runs, Starz Left Holding The Bag

Friday, after the market closed, Liberty Media Corporation(LMCAD,LMCBD,LMCAV,LMCBV,LMCA,LMCB) announced that it had completed its spinoff from Starz(STRZA, STRZB), formerly the Liberty Media Corporation. For a cogent explanation of the alphabet soup, see our article from last week. As part of the transaction, Starz drew down its credit line and distributed $1.8 billion in cash to Liberty Prior to… Read More »

Seeing Starz: New Details On Latest Liberty Spin Off Make Our Heads Hurt

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 »