McCarroll21
09-17-2006, 09:29 PM
Rocky Mountain News (http://www.rockymountainnews.com/drmn/tech/article/0,2777,DRMN_23910_4998022,00.html)
Earlier this year, Liberty swapped its stake in IDT Telecom in order to acquire IDT's entertainment businesses. The Time Warner swap has been slower going. Liberty sold its 50 percent stake in Court TV in May to Time Warner, but the long-speculated exchange of the Atlanta Braves baseball team has yet to happen.
During a presentation Thursday at Merrill Lynch's annual media conference, Liberty Chief Executive Greg Maffei said talks to exchange Liberty's shares in Time Warner are continuing.
Calling the deal "complicated," he said the Braves alone aren't worth enough to compensate Liberty for its stake. The fact that New York-based Time Warner has put up some of its magazines for sale is good, Maffei said, because it means "other bites to the apple might come along."
Hopefully it never happens and Time Warner sees that it's Blank or bust.
Earlier this year, Liberty swapped its stake in IDT Telecom in order to acquire IDT's entertainment businesses. The Time Warner swap has been slower going. Liberty sold its 50 percent stake in Court TV in May to Time Warner, but the long-speculated exchange of the Atlanta Braves baseball team has yet to happen.
During a presentation Thursday at Merrill Lynch's annual media conference, Liberty Chief Executive Greg Maffei said talks to exchange Liberty's shares in Time Warner are continuing.
Calling the deal "complicated," he said the Braves alone aren't worth enough to compensate Liberty for its stake. The fact that New York-based Time Warner has put up some of its magazines for sale is good, Maffei said, because it means "other bites to the apple might come along."
Hopefully it never happens and Time Warner sees that it's Blank or bust.