Liberty Global To Buy Virgin Media
DAVID GREENE, HOST:
NPR's business news starts with a big cable buyout.
(SOUNDBITE OF MUSIC)
GREENE: Liberty Global is the cable company owned by American media mogul John Malone. Malone is about to have a much broader reach. His company already operates in 14 countries. And now Liberty Global has reached a deal to buy the British cable company Virgin Media for about $16 billion.
This means Liberty Global will compete with Rupert Murdoch's British Sky Broadcasting, known as BSkyB. Liberty Global maybe going more global but its headquarters will remain in Colorado.