Malone Wins in Deal With Murdoch

Dec 30, 2008  •  Post A Comment

While most media moguls have supplied big losses for their stockholders, John Malone is doing better than most, thanks to a deal he made with Rupert Murdoch, the New York Times says. In the deal, Malone’s Liberty Media swapped stock in Murdoch’s News Corp. for News Corp.’s interest in DirecTV. Since the deal was made at the beginning of the year, the News Corp. stock has dropped by $7 billion in value, while the assets Malone acquired have dropped by only $2 billion, the paper says.
—Jon Lafayette

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