John Malone Will Be Back Over There
For months now, John Malone, the former chairman of cable giant Tele-Communications, has been struggling to create the world's largest cable empire. His Liberty Media owns an 18% stake in News Corp. and smaller slices of media heavyweights Viacom, AOL Time Warner, and Vivendi Universal. He also has investments in Discovery, Court TV, E! Entertainment, and about three dozen other program outlets. But for much of the past year, the man widely acknowledged as a dealmaking whiz has been unsuccessful in attempts to expand his world to include cable systems from Latin America to Israel.
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