Liberty Global To Buy Virgin Media

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Liberty Global is the cable company owned by American media mogul John Malone. 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.

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.

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