Jump to content


Welcome to DBSTalk


Sign In 

Create Account
Welcome to DBSTalk. Our community covers all aspects of video delivery solutions including: Direct Broadcast Satellite (DBS), Cable Television, and Internet Protocol Television (IPTV). We also have forums to discuss popular television programs, home theater equipment, and internet streaming service providers. Members of our community include experts who can help you solve technical problems, industry professionals, company representatives, and novices who are here to learn.

Like most online communities you must register to view or post in our community. Sign-up is a free and simple process that requires minimal information. Be a part of our community by signing in or creating an account. The Digital Bit Stream starts here!
  • Reply to existing topics or start a discussion of your own
  • Subscribe to topics and forums and get email updates
  • Send private personal messages (PM) to other forum members
  • Customize your profile page and make new friends
 
Guest Message by DevFuse

Photo

Malone no longer major voting holder at DirecTV?


  • Please log in to reply
2 replies to this topic

#1 OFFLINE   Greg Bimson

Greg Bimson

    Hall Of Fame

  • Registered
  • 3,918 posts
Joined: May 05, 2003

Posted 04 November 2009 - 12:51 PM

Saw a thread at Satelliteguys where Malone may have traded out of DirecTV, becoming a minority shareholder. I think the article was in Business Week.

Will link to article next chance I get.

Now we know why it has taken so long to get a CEO. The board of directors was too busy fighting Malone.

...Ads Help To Support This SIte...

#2 OFFLINE   say-what

say-what

    Hall Of Fame

  • DBSTalk Club
  • 5,645 posts
  • LocationNew Orleans
Joined: Dec 13, 2006

Posted 04 November 2009 - 12:58 PM

http://www.businessw...malone_dea.html
Sometimes even a wheeler-dealer like John Malone outsmarts himself. That’s seems to be the situation at DirectTV. (DTV), where the razor sharp media baron seems to have dealt himself out of installing his own choice as CEO of the satellite TV giant despite once owning 57% of the company’s stock. Instead, he controls 24% of the company’s votes, but seems to have been bottled up by a very independent DirecTV board.

Those are the details that are emerging from a recent SEC filing by DirecTV. The satellite company clearly wanted to stop Malone, who buys and sells companies faster than most people change socks, from exerting too much control over the company. So in what has to have been a wing ding of negotiations, the DirecTV board swapped the DirecTV stake that Malone’s Liberty Media (LMDIA) once held for shares in DirecTV that Liberty will distribute to its shareholders. In addition, DirecTV took a $2 billion loan off Liberty’s hands that it used to buy those shares in the first place, but took Liberty’s 65% stake in the Game Show network and three Fox Sports regional networks. Malone got super-voting shares that are capped at 24% of the company’s voting shares.....

#3 OFFLINE   bwaldron

bwaldron

    Impossible Dreamer

  • Registered
  • 5,517 posts
Joined: Oct 24, 2005

Posted 07 November 2009 - 12:22 PM

Cheers for the Board!

HR23-700 --> Samsung UN65F6350AF LCD
HR23-700 --> JVC JLC47BC3002 LCD
H24-200 -->
Panasonic TH-50PX60U plasma





spam firewall