Liberty Media open to buying Rainbow Media TV
By Jeff Smith, Rocky Mountain News (Contact)
Published August 5, 2008 at 9:05 p.m.
Douglas County-based Liberty Media said it would consider buying Rainbow Media TV networks should it be put up for sale.
Cablevision Systems Corp., the media company controlled by the Dolan family, said Tuesday it may spin off Rainbow, its cable-television business or its Madison Square Garden sports unit.
"Like most opportunities in our space, if Rainbow is put on the market, we will look," Liberty Media CEO Greg Maffei said in an e-mail.
Liberty Media has said it wants to build programming assets around DirecTV, in which it now has a controlling stake.
Rainbow operates such assets as the AMC TV networks, the Sundance Channel and the Voom HD networks. It may be worth $3.5 billion to $4 billion, said Chris Marangi, associate manager of the Gabelli Value Fund. The estimate doesn't include the recently acquired Sundance Channel, Marangi said.
Featured
-
Through Your Lens
Submit your photos or see the Editor's Choice slide show here.
-
Rocky Multimedia
The news comes alive in our videos and slide shows. Catch up on what's happening today.
-
Holiday Lights
Is your house the jolliest on the block? Submit your holiday lights display.
-
Holiday Gift Guide
Looking to get a jump-start on the holiday shopping season?
-
Mount Crushmore
Which four Broncos greats should be immortalized on Mount Crushmore? Vote here.
-
Bronco Dean's rant
Listen to Bronco Dean's midweek rant on the Chiefs.
-
Broncos Video
Get the latest from Dove Valley as the Broncos prepare for Sunday's matchup.
-
Calendar wallpaper
Download this month's desktop wallpaper calendar
-
Sam Adams' Open Mic
Open Mic: Stirrin' the Soup with Matt Iseman




Post your comment
Registration is required. Click here to create your free user account, or login below.
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.