A/N, Liberty May Swap Terms on Discovery

Umstead, R. Thomas
September 2007
Multichannel News;9/24/2007, Vol. 28 Issue 38, p2
The article reports on Liberty Media's plan to acquire Advance/Newhouse Communications' 33 percent stake in Discovery Holding. According to Pali Capital's Rich Greenfield, a discussion with Liberty Chief Executive Officer John Malone outside Liberty Media's analyst meeting revealed that "terms sheets are being traded back and forth between Discovery and Advance/Newhouse" and that both sides "favor a deal."


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