Sunday, December 23, 2012

Takeover looms as Malone's Liberty Media spins off Starz

Font ResizeBusinessBy Alex Sherman and Lindsey Rupp
Bloomberg Newsdenverpost.comPosted: 12/23/2012 12:01:00 AM MST

"Spartacus" and 55.1 million subscribers could be up for grabs at half the median valuation of television-industry takeovers as billionaire John Malone prepares to make premium channel Starz LLC a separate company.

Douglas County-based Liberty Media Corp. plans to split off its Starz unit in the coming weeks, and chief executive Greg Maffei has said its cable networks may be more valuable to another owner, signaling a possible sale. The stand-alone entity may lure such buyers as Comcast Corp. and Sony Corp. with the chance to gain a conduit for original content, said Macquarie Group Ltd. Starz could appeal to Netflix Inc. by giving the streaming service a pay-TV presence, Training the Street's Scott Rostan said.

Blog: The Balance Sheet

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