Word: qvc
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...shell out $10 to $20 a month for extra channels when they were happy with the ones they pulled in with rabbit ears. And when Malone ended up controlling more than 10 million cable subscribers and a stake in nearly every major cable network, from CNN and Discovery to QVC, he was called a ruthless gatekeeper to America's eyeballs. The resentment was not just over what Malone did, but how he did it: by being one of the corporate world's most feared negotiators. Square-shouldered at 61, Malone, who has lifted weights since high school, is physically...
...York Stock Exchange, Malone owns 44.6% of the voting shares and controls the company as its chairman. Liberty owns the Starz and Encore premium movie channels, plus 50% of Discovery Communications (which includes Discovery, Animal Planet, Learning and Travel channels) and 43% of the home-shopping channel QVC. In addition, it holds valuable stakes in Vivendi (3%), News Corp. (18%), USA Interactive (20%) and AOL Time Warner (4%), the parent company of this magazine. Liberty also invests in cable and programming companies in Latin America and Japan, where its Jupiter Communications is the largest cable provider (though still a money...
...terms at the bargaining table. AOL and Comcast are now the gatekeepers, and content players like Disney, Viacom and News Corp. carry much more weight. Malone has effectively acknowledged the corner he's in, indicating that lucrative Liberty stakes in certain closely held assets like CourtTV, E! and QVC will, within a couple of years, probably be sold to whichever media behemoth will pay top dollar. As he puts it, "We're in the business of moving goods." Nearly every major media power, from NBC to Viacom, would love to acquire Discovery, a worldwide, multibillion-dollar franchise. Says a longtime...
...public and private media-content businesses. It's at $11.50, and there's probably $10 worth of publicly traded stock in his collection of assets, including AOL Time Warner, Sprint, Motorola and News Corp. He also has about $10 a share worth of private companies like Discovery Channel and QVC. The list is as long as your...
...simple virtues of a pre-technological era trumpeted by a man who has made his fortune by using the power of technology to disseminate his products. He decries "all the ugliness we see on cnn," but is happy to hawk his goods through the television shopping channel qvc. He laments the disintegration of the small-town community in favor of suburban culture, but has licensed his name to a new suburban development, the Village at Hidden Brook, in Vallejo, California, that is being constructed to conform to the vision presented in his works. He is also a savvy businessman...