Dealmaker John Malone doesn’t see much opportunity right now for acquisitions. "Certainly, a lot of stocks are cheap, but companies, at least companies in our space, aren’t necessarily for sale, based on their stock prices," he said at Liberty’s investor conference in NY. Basically, the credit crunch and economy makes it hard to form a long term strategy, he said. Pali‘s Rich Greenfield expounded on that in a note after talking to Malone during a break. He said Malone was surprised somewhat by Discovery‘s trading but noted that everything in media is weak now. The analyst reported that Malone doesn’t expect Discovery to pursue share repurchases given the current markets, nor does he see it going after Scripps given how far apart he believes their valuations would be. As for the always asked question of the possibility of a DISHDirecTV deal, Malone was discouraging, saying he didn’t think it was worth either DS player’s time to approach the govt with a proposal. The Financial Times reports that Malone has begun talks about swapping his stake in Time Warner for AOL. "There have been limited discussions," Malone told the paper, adding that "Time Warner still needs to divide the business." AOL’s not expected to be separated until early next year [More at www.cablefaxcontentbusiness.com]www.cablefaxcontentbusiness.com].

The Daily

Subscribe

Comcast, Nokia for 5G

Comcast Business is partnering with Nokia to deliver 5G private wireless networks. The non-exclusive agreement will allow Comcast to

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jan 28
Cablefax 100 – 2022 Nominations Due: January 28, 2022
Mar 11
The FAXIES 2022Entry Deadline: March 11
Apr 1
Cablefax Top Ops – 2022Nominations Due: April 1, 2022
Jun 3
The Diversity List – 2022Nomination Deadline: June 3
Aug 12
Most Powerful Women – 2022Nominations Due: August 12
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.