January 25, 2023
Liberty stake in News Corp. doubled to 18 percent last year. As a response, News Corp. has been looking for a strategy to block Liberty or other shareholders, with the exception of the Murdochs, from increasing their stake in News Corp. Malone would like News Corp. to expand its share buyback program, now set at $3.5 billion--which would help relieve some of Liberty's burden.
Also on Friday, Liberty reported that its second-quarter loss narrowed to $107 million from a year-earlier loss of $314 million. Gains at home-shopping channel QVC and Starz Entertainment Group were the key movers for the company. Liberty¹s revenue rose 12 percent to $2 billion.advertisement
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