multichannel connect
all access


Liberty Gets News Corp. Voting Interest

1/21/2004 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.


Alert to All Users of the Disqus commenting system:
Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Here's a URL about the issue: