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video evidence to arrest Vatican! Pedo mutilations genocide crimes secret censorship - Video
Liberty Media Corp. (LMCA), the investment company controlled by John Malone, may be targeting a deal for Time Warner Cable Inc. (TWC) with its offer to acquire the remaining shares of satellite-radio carrier Sirius XM Holdings Inc.
Liberty is creating a new class of stock, called Series C, and offering 0.076 of a share for each Sirius share, Malones company said in a statement yesterday. The offer will value Sirius at $3.68 a share, which is 3.1 percent above yesterdays closing price, giving it a market value of about $23 billion.
The deal may help fund an offer for Time Warner Cable through Charter Communications Inc. (CHTR), because it will give Liberty more cash flow and additional assets to borrow against, Liberty Chief Executive Officer Greg Maffei said in an interview. Liberty, which owns 27 percent of Charter, has said it wants to keep its stake at about that level.
Sirius XM will generate more cash for Liberty, Maffei said yesterday in a telephone interview. Its still below its target leverage rate, which we might increase. That could be put toward financing a Time Warner Cable deal.
Sirius rose 3.6 percent to $3.70 after the close of trading in New York, an indication investors expect Malones company to increase its offer before a deal is completed. Time Warner Cable rose as much as 4 percent to $138.73 after Maffeis comments. Charter rose less than 1 percent to $134.
Liberty Media Corp. Chairman John Malone.
Liberty Media Corp. Chairman John Malone. Close
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Liberty Media Corp. Chairman John Malone.
Siriuss net debt to trailing 12-month earnings before interest, taxes, depreciation and amortization was 2.36 as of Sept. 30, according to data compiled by Bloomberg. The companys leverage target is 3.5 times Ebitda, which Liberty could boost to 4 times Ebitda, Maffei said.
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Liberty Media Offers to Take Full Control of Sirius XM Holdings
Liberty Media to make Sirius XM a wholly owned unit
(Reuters) -John Malone-ownedLiberty Media Corp said it would make satellite radio provider Sirius XM Holdings Inc a wholly owned unit of Liberty. In January 2013, Liberty Media became Sirius's majority owner after U.S. regulators gave it the green light to take control of the satellite radio operator.
China's oddball demolition king eyes the New York Times
BEIJING(Reuters) -Chen Guangbiaohas never acquired a company. The 45-year-old recycling magnate has also never worked in the media industry or become proficient in English.
21st Century Fox sellsStar China TVstake
(Reuters) - 21st Century Fox said on Thursday it would sell its 47 percent stake inStar China TVto the TV channel operator's management and private equity fundChina Media Capital.Star China TV, formed in 2010 and majority owned byChina Media Capital, operates Mandarin channels such as Xing Kong, Xing Kong International and Channel V MainlandChina.
Labor Department needs to improve how it releases data: panel
WASHINGTON (Reuters) - TheU.S. Labor Departmentshould either tighten the procedures that it uses to release market-sensitive data to the media or scrap them altogether and distribute the data directly to the public, a watchdog for the department said on Thursday. The recommendation to tighten the so-called lockup process, specifically the department's weekly jobless claims figures, was included in an audit released by theLabor Department's Office of Inspector General. The panel was reviewing the process in an effort to prevent the possibility that some investors could have an unfair competitive advantage in buying and selling stocks, bonds and other trading assets.
AllThingsD editors launch "Re/code" venture withNBCUniversalbacking
SAN FRANCISCO(Reuters) - Veteran technology journalistsWalt MossbergandKara Swisherhave unveiled "Re/code," a technology news site and conference business to succeed AllThingsD which they founded and built into a premier tech media brand within News Corp. Mossberg and Swisher, who agreed in September to sever a 10-year relationship with News Corp, said on Thursday their new venture will be backed byComcast'sNBCUniversaland Windsor Media, the investment company headed by former Yahoo! Inc Chief Executive Terry Semel.
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US - Industry summary
The ruling government is very adept at using the mainstream media for their own ends.
COMMENT
Lately there has been a lot of propaganda in the mainstream media on the recent price-hike protest held on December 31 last year. Some has been labelled it as an attempt to overthrow the government. This is nothing but another malicious attempt by certain quarters to mislead the general public so that the former can still continue to garner public support.
There are also mainstream dailies who are now publishing lies and falsehood on a daily basis. These dailies have been reduced to being party newsletters instead of being proper newspapers. In short, they are not really newspapers in the true sense of the word.
If not for the internet, we will not know what is truly happening as the truth will be manipulated or covered up. Likewise, it was easy to blame DAP for the race riots of 1969 because there was no internet or camera-phone during that era.
With the advent of modern technology, it is not easy to cover up the truth and therefore those who want to cling on to power find it easier to suppress the truth by allowing only poor internet coverage in remote or rural areas.
Feeding the rural folks with a daily diet of falsehood ensures that rural society is always kept misinformed, thus ensuring that they will never vote wisely.
We can see that BN government leaders do a lot of media-polishing to spruce up their personal image and that of their party by presenting a wonderful image of themselves in the mainstream media while information that is unflattering to themselves is suppressed or omitted.
It is thus preferable to read the neutral online news portals where information on both sides of the political divide is presented in an unvarnished truth.
Good or bad, news is news and must be presented correctly, accurately and factually. There must be no attempt whatsoever to hide the truth.
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Only a free media will tell the truth