Liberty Gets News Corp. Voting Interest1/21/2004 9:02 AM Eastern
Liberty Media Corp. said in a filing with the Securities and Exchange Commission Wednesday that it has acquired a 9.15% voting interest in News Corp.
Liberty now owns 48 million News Corp. ordinary shares and 210.8 million preferred limited-voting shares, for a total equity interest of approximately 17%. It is currently the largest shareholder in News Corp. and has the second-largest voting stake.
"We have capitalized on an opportunity to exchange nonvoting shares for voting shares at attractive prices to become the second-largest voting block in one of the world's premier media companies," Liberty president and CEO Robert Bennett said in a release.