Liberty asked the FTC to allow it to lend some of its Time Warner stock to a financial institution to earn fees to offset costs. Liberty isn’t allowed to transfer the nonvoting shares to other shareholders under FTC restrictions. To transfer the stock, Liberty’s non-voting shares would have to be converted into regular Time Warner voting stock. Liberty’s asking the FTC to permit the deal, saying it wouldn’t control, direct or influence the voting of TW stock during the period. The FTC is seeking comment on the request until Oct 4. — Pegasus started trading Fri as "PGTVE," signaling a possible de-listing by Nasdaq. The problem is a 10-Q SEC filing that Nasdaq considers delinquent. — Comcast’s top challenge in ’05 is getting Wall St to understand "that we’re doing very well," co-CFO Lawrence Smith says in CableWORLD (Sept 6 edition). "We, Time Warner and Cox believe we may need some component of wireless. We are studying exactly how to do that," he adds.

The Daily


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