Virgin Media Bought By US Firm Liberty Global

Written By Unknown on Kamis, 07 Februari 2013 | 00.11

Profile: US Billionaire John Malone

Updated: 3:27pm UK, Wednesday 06 February 2013

John Malone is one of the biggest name in the satellite television industry, with over 40 years' experience under his belt.

His business acumen has led to a string of nicknames over the years, with ex-US Vice President Al Gore once referring to him as the 'Darth Vader' of his sector.

Mr Malone is also known as the "swamp alligator" – happy to lie in the mud, and let the (business) prey come to him.

Born in Connecticut in 1941, he studied electrical engineering and economics at the prestigious Yale University.

By the age of 26, he had a bachelor's degree, a master's from New York University and a PhD in operations research from Baltimore's Johns Hopkins University.

His career began at Bell Telephone Laboratories, after which he worked at McKinsey & Company and General Instruments, which made cable television boxes.

Between 1973 and 1999 he headed up Telecommunications Inc – and expanded it to become the largest cable company in the US at the time of its sale to AT&T.

It was from the television content arm of that company that he created Liberty Media.

When it merged with UGC in 2005, Mr Malone became chairman of the group, which now has 19.6 million customers across the world.

Liberty Media's purchase of Virgin Media will make him a direct rival of Rupert Murdoch's News Corporation, which owns 39% of BSkyB, the parent company of Sky News.

It is not the first time the media moguls have come head-to-head in business.

A previous encounter saw both companies bid for control DirecTV - the largest US satellite TV broadcaster.

Forbes magazine ranked Mr Malone as the 199th richest man in the world in 2012, with a net worth of $5.1bn (£3.26bn)

He is also one of the largest landowners in the US, with over 2 million acres of land in Maine, Maryland, New Mexico, Colorado and Wyoming. 


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