Liberty Capital battens financial hatches

Szalai, Georg
April 2009
Hollywood Reporter;4/8/2009, Vol. 409 Issue 16, p6
Trade Publication
The article presents information on the steps taken by Liberty Media Capital to reduce its debt and risk. Liberty Media Capital reduced leverage at a discount to the debt's face value by using $503 million in cash to payoff $750 million in debt. Liberty Media Capital has sold its holding in hotel-room entertainment provider LodgeNet as a part of its efforts to dispose off debt-risk exposure related to stakes in other companies.


Related Articles

  • The Importance of Financial Leverage and Risk Aversion in Risk–Management Strategy Selection. Gloy, B.A.; Baker, T.G. // American Journal of Agricultural Economics;Nov2002, Vol. 84 Issue 4, p1130 

    The problem of choice among risk–management strategies is addressed with the stochastic dominance with a risk–free asset (SDRA) criteria. The SDRA criteria consider all possible combinations of the strategies and financial leverage. This allows for strategies with less business...

  • The Pecking Order Theory and the Firm's Life Cycle. BULAN, Laarni; Zhipeng YAN // Banking & Finance Letters;2009, Vol. 1 Issue 3, p129 

    We examine the central prediction of the pecking order theory of financing among firms in two distinct life cycle stages, namely growth and maturity. We find that within a life cycle stage, where levels of debt capacity and external financing needs are more homogeneous, and after sufficiently...

  • Debt factored in. Sibillin, Anthony // BRW;3/12/2009, Vol. 31 Issue 10, p14 

    The article focuses on the debtor financing schemes and debtor insurance turned into by business enterprises to protect themselves from firms that fail to pay up their debts. It notes that the turnover for debtor financing increased by 14% for the December 2008 quarter, according to the...

  • Gearing.  // Essential Economics;2004, p110 

    A definition of the economic term "Gearing" which refers to a company's debt expressed as a percentage of its equity which is also known as leverage is presented.

  • Wisconsin's Mercy Faces Risks with Merger. Shields, Yvette // Bondbuyer.com;8/17/2015, p1 

    Moody's Investors Service has revised its outlook on Wisconsin-based Mercy Alliance's A2 rating to negative from stable due to execution risks with the system's January merger with Rockford Health System.

  • Asymmetric volatility and risk in equity markets. Bekaert, G; Wu, G // Review of Financial Studies;Spring2000, Vol. 13 Issue 1, p1 

    Investigates asymmetric volatility at the firm and the equity market level. Role of leverage in generating asymmetric risk and volatility; Volatility feedback; Estimation and specification tests.

  • Malone Has Cash, Is Yearning To Buy, Finds Pickings Slim. Farrell, Mike // Multichannel News;5/16/2005, Vol. 26 Issue 20, p1 

    Unveils the plan of Liberty Media Corp. to improve its presence in the television industry by acquiring TV networks in 2005. Television networks that John Malone, chairman of the company, wants to acquire; Financial status of the company; Risk associated with the plan; Views of Malone on the...

  • NEWLY ANNOUNCED AND UPDATED LEVERAGED LOAN DEALS.  // Bank Loan Report;11/3/2008, Vol. 23 Issue 42, p9 

    A table that lists newly announced and updated leveraged loan deals in the U.S. is presented.

  • THE INTERTEMPORAL BEHAVIOR OF CORPORATE DEBT POLICY. Ang, James S. // Journal of Financial & Quantitative Analysis;Nov76, Vol. 11 Issue 4, p555 

    The purpose of this paper is to explain changes in corporate debt policy over time. Specifically, we attempt to find the model that best describes the behavior of individual firms in revising their debt policy from period to period. It is generally agreed that, at least in the presence of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics