Discovery Holding Shares Begin Trading

  • July 22, 2005
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

Next story loading loading..