Liberty Media Corporation's 50 percent stake in Discovery Communications Inc. went on the block Thursday, as shares began trading under the name Discovery Holding Co.
The new company also
consists of Ascent Media Group Inc., a Liberty subsidiary, which is a production services firm based in California.
Although no opening price for the stock was set, 134 million shares of
stock in the holding company were disseminated to Liberty Media shareholders, with the option to freely trade them as of today on the Nasdaq Stock Market.
--Michael Deibert