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Old 25-04-2015, 20:24   #17
Mr Banana
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Re: Is Malone Planning To Launch A Premium Pay TV Channel On Liberty's Cable Networks

Quote:
Originally Posted by Horizon View Post
He is, if not worse.

He's a media magnate who once owned the largest US cable company. His other media assets are enormous and he is the largest private landowner in the US. He is utterly ruthless and thinks of making even more money left, right and centre. He especially likes to fianance everything with a sea of debt and doesn't pay tax.

How isn't he like Murdoch?

---------- Post added at 18:54 ---------- Previous post was at 18:40 ----------

Malone finances everything with debt, which in turn enables him to pay no tax. How exactly he will arrange the deal, I have no idea. I am as intrigued as you as to how he can keep making these deals and get away with it, but he does.

As for the point about Liberty only owning 26% of Charter. I've said in many threads that Malone has de facto control of whatever company he takes a large stake in, case in point Discovery.

I cannot prove it, but he seems to work in tandem with the Newhouse family who own another media company called Advance. Advance are a large shareholder in Discovery and Charter and the agreement they seem to have gives Malone de facto control of the companies.

He is actually a pleasant person, he visits the uk occasionally to give his views on where the Cable TV markets and technologies are heading.
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