Quote:
Originally Posted by steveh
Though they just sold their content division Chellomedia to AMC Networks (who it seems want to launch their channels in Europe rather than selling their programmes (like Breaking Bad) to other channels).
If you look back at the history of Liberty Global's chairman John Malone he's basically a dealmaker, buying companies when the price is right then selling bits off when others value them more then buying them back again later at a better price. Through first TCI and then Liberty Media and Liberty Global he's had his fingers directly or indirectly in every major US media company at one time or another.
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Yep. And he's getting old, so his days of doing deals will be coming to an end soon, so he may be looking at one last big deal before retirement.
In a recent Telegraph article (link below) they were suggesting that the offloading of Chellomedia was to make the business less complicated so that someone like Vodafone can come along ang buy it.
Long term, whoever the owner is, I believe cable needs its own content otherwise it's simply a utility like gas and water.
http://www.telegraph.co.uk/finance/n...afone-bid.html