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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.