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Reply #13: you are right that Malone is a major investor. Wrong about most everything else [View All]

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onenote Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 11:29 PM
Response to Reply #11
13. you are right that Malone is a major investor. Wrong about most everything else
I don't know what "Discovery Investment Corporation" is, but it has nothing to do with Discovery Communications or the Discovery Channel Networks. Malone is one of top shareholders in Discovery and also controls Liberty Media and sits on the Discovery Channel board. But Liberty does not directly own any shares of Discovery. Malone years ago was the largest shareholder in a cable company called TCI which sold out to ATT which then sold out to Comcast. I don't believe Malone has any remaining stake in Comcast. In fact, Liberty owns DirecTV, Comcast's largest competitor. Liberty is the largest shareholder of sm/sirius although, somewhat surprisingly, earlier this year, DirecTV dropped xm/sirius from it satellite service. And I've never seen anything suggesting Malone has an interest in taking over NBC.

Here is Discovery's 10-K filing:http://ir.corporate.discovery.com/phoenix.zhtml?c=222412&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9Njc3NzY4OCZhdHRhY2g9T04mc1hCUkw9MQ%3d%3d

Full disclosure: a close family member worked for Discovery for a number of years, although no longer.
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