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Category Archives: Liberty
Media for Liberty Award Announces 2013 Jury Panel
Posted: September 25, 2012 at 10:19 am
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Media Corporation ("Liberty Media") (Nasdaq: LMCA, LMCB) today announced the 2013 Media for Liberty Award jury panel. The Media for Liberty Award was established in 2009 to acknowledge published works that explore the relationship between economic and political liberties.
Eligible works must be originally published or transmitted via print or electronic media during the 2012 calendar year, and received by Liberty Media no later than January 7, 2013. There is a $50,000 prize for the winning entry. The call for entries for year four is currently open.
The distinguished Media for Liberty panel represents thought leaders in the world of journalism and media:
The Media for Liberty Award is open to journalists worldwide whose original works shed new light on societal issues, news events, economies, political structures and cultures either prospering or struggling in their pursuit of free markets and civil liberties uninfluenced by government agenda.
Submitted works will be reviewed by a jury panel and evaluated based on the degree to which the theme is addressed, inspirational and educational value, relevance to the public discourse, and mastery of media format.
The finalist for the 2012 Media for Liberty Award was A Darkness Visible: Afghanistan, a film by VII Photographer Seamus Murphy and MediaStorm. Prior year's finalists were "How a New Jobless Era will Transform America, an essay published in The Atlantic, and the CBS 60 Minutes segment "Congo Gold. View winners here.
Eligibility Requirements
Eligible media outlets, including newspapers, magazines, journals, radio, television and websites, must be generally recognized in their markets and accessible to a broad audience in the United States.
The winner will be notified in February 2013. An awards ceremony will be held in the Spring of 2013 in Washington, D.C.
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Liberty Ross Parties On Her Birthday Without Husband Rupert Sanders
Posted: at 10:19 am
Liberty enjoyed a night out for her birthday and hubby Rupert was no where to be seen, a sign that their marriage is in serious trouble, a source tells HollywoodLife.com! Read on for all the details.
Liberty Ross, spurned wife of director Rupert Sanders, celebrated her 34th birthday on Sunday, Sept. 23 in West Hollywood, and her husband, who cheated on her with Kristen Stewart, was shockingly absent from the festivities!
RumorFix spoke to Liberty at the gay club, Eleven, where she was with her old friend Simon Robinson and his parter. If it werent for Simon, I would not be out, she said. Im a very private girl.
The website asked her about the affair that put her name in headlines, and she replied, Nobody knew who I was before he cheated and I liked it better that way. Im here at Eleven and you recognized me. I bet had this scandal not have taken place, you would have walked right passed me. Its not good being hurt and devastated like me but guess what, you certainly learn from it. Im not mad at Rupert at all, no reason to hold grudges. Im not focused on that. What I am focused on are my children and moving my life forward. My children come first and are most important in my life. Theyve always been and always will be.
It was definetly shocking Rupert wasnt at her party and its certainly a tell-tale sign that things in their marriage are on their last legs, an eyewitness told HollywoodLife.com exclusively. She was having a good time, dancing to Kanye West and Jay Z and other hip hop jamsShe was chain smoking and drinking top shelf liquor. They were at Eleven for a good hour and then bar hopped to Fiesta Cantina before ending the night at the Abbey.
A source at Eleven tells HollywoodLife.com, Liberty lives near by and comes in with friends from time to time. We havent seen her in a while but it was great seein her last night. She looked in great spirits - considering. She was celebrating her birthday with her guys and without her cheating husband. Good for her gays always know how to make a woman feel better anyway.
A source at The Abbey who witnessed Liberty and her friends tells us, She and her friends had an intimate booth in the back, had a few vodka drinks and split. But before she did, we sent over a small piece of chocolate cake with a few candles on it. Sounds like it was a fun night!
Are you surprised that Liberty celebrated without Rupert, HollywoodLifers?
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Liberty Ross Parties On Her Birthday Without Husband Rupert Sanders
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Pierson, Liberty close out season with 91-74 win
Posted: September 23, 2012 at 1:18 am
NEWARK, N.J. (AP) -- Plenette Pierson had 19 points, eight rebounds and five assists as the New York Liberty beat the Tulsa Shock 91-74 on Saturday.
Essence Carson, who left with an apparent leg injury in the fourth quarter, had 18 points and and Cappie Pondexter scored 17 as New York (15-19) finished the regular season 9-8 at home. The Liberty will take on Connecticut in the first round of the playoffs.
''Tulsa's three guards they had out there gave us trouble and I think we contained that in the second half, which allowed us to be better offensively,'' Pondexter said. ''Defense definitely gave us that aggressive edge that we need and that we played with all season.''
Ivory Latta had 16 points and six rebounds for the Shock (9-24), who already have their best record in three seasons since moving from Detroit. Tulsa, which was a combined 9-59 the last two years, dropped to 3-13 on the road heading into the season finale at Indiana on Sunday.
Tulsa led by 10 at the half, and got 14 points, four rebounds and four assists from Riquna Williams.
''We played a really good first half and we came out aggressive,'' Shock coach Gary Kloppenburg said. ''We were going inside-out, we were getting shots and they stepped their defense up in the second half. We were in a lot of trouble getting good looks. They (The Liberty) came out with a lot of energy wanting to win their last home game.''
The Liberty secured a playoff berth earlier in the week, and that may have been the cause of a slow start vs. the Shock. On Thursday, when Chicago was eliminated with a loss to Atlanta, New York clinched a spot minutes after losing by double digits at Tulsa.
They did so in the second half, outscoring the Shock by 27 points. The Liberty finished with four players in scoring double figures, including Kia Vaughn (14), who also had nine rebounds.
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Liberty Global Upgraded to Neutral
Posted: September 21, 2012 at 8:14 pm
We upgrade our recommendation on Liberty Global Inc. (LBTYA) to Neutral based on our view that the company is gradually establishing its strong foothold in the European cable MSO market. Though the companys second quarter of 2012 financial results fell below the Zacks Consensus Estimates, Liberty Global added a net 364,000 organic revenue generating units, up by a whopping 61% year over year. Despite the fact that the companys second quarter always remains seasonally weak, operating metrics appeared strong.
We believe the long-term business fundamental of the company is very intriguing, primarily due to strong demand for its digital cable TV service, faster broadband, and triple-play bundled offerings. Chellomedia, the international content division of Liberty Global, recently completed two vital deals.
Chellomedia has bought 13 movie channels of Metro-Goldwyn-Mayer Studio Inc. in Europe, the Middle East, and Latin America. It also acquired the remaining 50% stake of its MGM Latin America venture and the remaining 49% stake of its MGM Central Europe venture. The second deal was the extension of its existing relationship with CBS Corp. (CBS).
Liberty Global has recently launched a hybrid IP video gateway called Horizon TV in the Netherlands. This innovative IP gateway will combine cable operators video services with web-based content through an integrated cable modem. Horizon runs on Atom CE processor of Intel Corp. (INTC).
The new web-based hybrid modem includes an open software developer platform and application store. Furthermore, customers can share TV showing in multiple screens such as computers, Apple Inc. (AAPL) developed iPhones and iPads. Horizon TV also features an in-build application store for YouTube, Wikipedia and Facebook. This service will be extended in Switzerland, Germany, and Ireland within the next 3-6 months.
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Liberty Interactive Corporation Announces Investor Meeting Webcast
Posted: at 8:14 pm
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Interactive Corporation (Nasdaq: LINTA, LINTB, LVNTA, LVNTB) will webcast its annual Investor Meeting on Wednesday, October 10, 2012 with presentations beginning at 9:00 a.m. ET. During these presentations, observations may be made regarding the company's financial performance and outlook.
The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Interactive Corporation website at http://www.libertyinteractive.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.
About Liberty Interactive Corporation
Liberty Interactive Corporation operates and owns interests in a broad range of digital commerce businesses. Those interests are currently attributed to two tracking stock groups: Liberty Interactive Group and Liberty Ventures Group. The Liberty Interactive Group (Nasdaq: LINTA, LINTB) is primarily focused on digital commerce and consists of Liberty Interactive Corporations subsidiaries Backcountry.com, Bodybuilding.com, Celebrate Interactive (including Evite and Liberty Advertising), CommerceHub, MotoSport, Provide Commerce, QVC, Right Start, and Liberty Interactive Corporations interests in HSN and Lockerz. The Liberty Ventures Group (Nasdaq: LVNTA, LVNTB) consists of Liberty Interactive Corporations non-consolidated assets, including interests in AOL, Expedia, Interval Leisure Group, Time Warner, Time Warner Cable, Tree.com (Lending Tree), TripAdvisor and various green energy investments.
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Liberty Tire Recycling Removes Hundreds of Used Tires from Infield of Kansas Speedway After Construction of Track's …
Posted: September 20, 2012 at 11:21 pm
PITTSBURGH, Sept. 20, 2012 /PRNewswire/ --Liberty Tire Recycling, the premier provider of tire recycling services in North America, recently removed hundreds of used tires from the infield of Kansas Speedway that were left over after the construction of a new road course at the NASCAR facility owned and operated by International Speedway Corporation. The tires had been stockpiled for use as soft walls on the road course. All of the tires Liberty Tire Recycling collected will be used as material for eco-friendly products, including crumb rubber and industrial feedstock for molded products, tire-derived fuel for industrial kilns, mills and power plants, and rubber mulch for landscaping and playgrounds.
(Logo: http://photos.prnewswire.com/prnh/20091210/NE24642LOGO )
"We collect and recycle used tires from various sources throughout the country from racetracks to tire retailers to illegal dumps in order to create a new life for materials that would otherwise damage the environment," said Jeffrey Kendall, CEO of Liberty Tire Recycling. "We were happy to provide support to Kansas Speedway to ensure that leftover tires were disposed of properly and provide a beneficial use as sustainable raw material."
One use for recycled tire rubber that creates a natural connection between Liberty Tire Recycling and Kansas Speedway is rubberized asphalt. As a low-cost, high-performance alternative to conventional paving mixes, rubberized asphalt reduces dependency on oil and limits carbon dioxide emissions. In use for more than 40 years, rubberized asphalt has proven to lessen maintenance costs and provide a smoother, safer ride. Plus, recycled rubber provides a reliable and consistent supply of material.
"We like the idea of using rubberized asphalt in our parking lots and concourses, and we'll continue to look for ways to use it on our skid pads to develop a test area to see how it would perform on the track itself," said Bill Braniff, senior director of construction for ISC Design & Development, International Speedway Corporation's in-house design and construction group.
The group used state-of-the-art computer modeling to develop track geometry that features 18- to 20-degrees of variable banking in the turns. The previous banking at Kansas Speedway was 15-degree uniform banking in the turns. Construction crews removed the existing oval track asphalt pavement and re-graded the underlying soil to create the variable banking. The new road course features a layout that winds through the infield, portions of which were graded and paved as part of the road course development.
The renovation project will be completed in time for Kansas Speedway to host its annual "Chase for the NASCAR Sprint Cup" event, the Hollywood Casino 400, tentatively set for October 21, 2012.
For more information about Liberty Tire Recycling, visit http://www.libertytire.com.
About Liberty Tire Recycling Liberty Tire Recycling is the premier provider of tire recycling services in North America. By recycling more than 140 million tires annually, Liberty Tire reclaims about 1.5 billion pounds of rubber for innovative, eco-friendly products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a nationwide network of processing plants, and comprehensive door-to-door collection services. Liberty Tire Recycling is headquartered in Pittsburgh, PA. For more information, please visit http://www.libertytire.com.
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Liberty Tire Recycling Removes Hundreds of Used Tires from Infield of Kansas Speedway After Construction of Track's ...
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Penn Liberty Bank Introduces CashWise™
Posted: at 11:21 pm
WAYNE, Pa., Sept. 20, 2012 /PRNewswire/ --Penn Liberty Bank , a premier local community bank with ten locations in Chester and Montgomery Counties, has named their high tech, cash management suite of products and services, CashWise.
CashWise offers the latest banking technology services such as secure online cash management services, cost wise credit and debit card payment services with next day availability, remote deposit capture options, mobile banking including applications for both iPhone and Android, plus other products and services that provide ultimate convenience for business clients.
Penn Liberty Bank has always offered the latest technology available and will continue to upgrade CashWise products and services as new technology emerges. "Many businesses believe they need to bank with the larger, regional banks to get high tech cash management services. We want everyone to know that Penn Liberty has that level of services plus the personal touch of a community bank," said David Griest, founder and Chief Information Officer at Penn Liberty Bank.
"We are committed to insuring that our clients have the ability to bank wherever and whenever they need. Penn Liberty Bank distinguishes itself by offering industry leading, customized cash management technology along with the high touch personalized service that can only be found at a community bank," said Pat Ward, Chairman and CEO of Penn Liberty Bank.
For more information about CashWise call 888-795-7366 or email us at CashWise@pennlibertybank.com.
About Penn Liberty Bank
Penn Liberty Bank offers ten conveniently located branches and is a community bank focused on providing personal, high touch service. Combining state of the art technology with highly talented, customer service oriented employees and a full suite of consumer and business products and services has resulted in the Bank's growth to over $540 million in assets.
To learn more about Penn Liberty Bank please visit http://www.pennlibertybank.com.
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Liberty Global’s $2.5B Telenet Deal Add to Europe Growth
Posted: at 11:21 pm
By Scott Moritz and Joseph de Weck - 2012-09-20T20:28:40Z
Liberty Global Inc. (LBTYA) offered to buy the remaining 49.6 percent of Belgiums Telenet Group Holding NV (TNET) for 1.96 billion euros ($2.5 billion), allowing the John Malone- led cable company more access to Europes pay-TV growth.
Liberty Global, based in Englewood, Colorado, said today that Telenet investors will get 35 euros a share in cash, according to a statement. The offer is 13 percent higher than yesterdays closing price for Mechelen-based Telenets shares. A favorable financial market allowed Liberty to raise money for the transaction over the past month, Chief Executive Officer Michael Fries said at a New York investor conference.
The deal gives Liberty Global a bigger foothold in Europe, where demand for TV, Internet and phone services delivered over cable is increasing. It follows the companys acquisitions of German cable provider Kabel Baden-Wuerttemberg for 3.16 billion euros last year and its larger competitor, Unitymedia, for 3.5 billion euros.
The latest deal will allow Malone, Libertys chairman, to push for stronger collaboration and synergies with his other European operations, said Marc Hesselink, an analyst with ABN Amro Bank NV in Amsterdam. The premium he paid on the Telenet share is also not excessive, which makes it a good deal.
While Europe is Liberty Globals biggest market, the company also has assets in Latin America. Its European customers total 18.4 million. With Telenets 2.15 million cable-TV users, Belgium is Liberty Globals second-biggest market after Germany.
We are a bit of an oddball, Fries said in an interview. Everyones whining about Europe, but weve had really good success. We are in the right markets with the right products at a time when people need connectivity.
Demand for cable services in Europe is increasing, with customers migrating to digital connections from analog. Digital cable penetration among German households is projected to rise to 23.7 percent in 2016 from 11.6 percent in 2011, according to research firm IHS Screen Digest. Total TV, Internet and phone subscriptions with cable companies in the country are forecast to rise by 24 percent to 32 million in 2016.
The offer values Telenet at 5.6 times its earnings before interest, taxes, depreciation and amortization. That compares with a median multiple of 5.3 for 114 telecommunications deals in Western Europe in the past year.
This is a highly accretive deal for our shareholders and their shareholders, Fries said. Now we get access to 100 percent of the cash flow, whereas before we only got half of it.
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Liberty Global To Offer To Buy Rest Of Telenet For EUR1.96 Bln – Update
Posted: at 1:13 pm
(RTTNews.com) - Cable firm Liberty Global, Inc. (LBTYA, LBTYB, LBTYK) Thursday said it plans to launch a voluntary and conditional cash offer for all Telenet Group Holding NV shares and other securities, thus giving access to voting rights that it does not already own or that are not held by Telenet. Separately, Telenet said its Board of Directors would review and analyze the offer.
The offer will be based on a price of 35.00 euros per ordinary share. The offer values all the outstanding voting securities of Telenet not currently owned by Liberty Global or held by Telenet at about 1.96 billion euros ($2.54 billion).
Liberty Global said Telenet is one of its most successful operations and a core part of its growing pan-European platform. The firm said it would continue its focus on investments and product innovation in Belgium.
Mike Fries, President and CEO of Liberty Global, said: "We believe this is the right time for Telenet to become a wholly-owned part of Liberty Global's pan-European platform in its next stage of development, particularly in light of the competitive and regulatory outlook in Belgium."
If Liberty Global proceeds with a formal and binding offer, it plans to finance it by using available cash on its balance sheet and incremental borrowings.
Liberty Global has been the controlling shareholder in Telenet since February 2007. The firm currently owns, through its unit Binan Investments B.V., 50.4 percent of Telenet's outstanding issued share capital excluding treasury shares.
The offer represents a premium of about 14 percent over the adjusted average volume weighted closing price of around 30.67 euros for the one-month period to September 18 pro forma for the 3.25 euros capital reduction paid by Telenet on August 31.
The offer will be subject to customary and normal conditions including Liberty Global and its affiliates having acquired or holding at least 95 percent of the outstanding Telenet shares and voting rights after the offer's completion.
The conditions include no material adverse change having occurred with respect to the financial situation or prospects of Telenet and in the financial markets in general. The offer will possibly be followed by a delisting of Telenet and a squeeze-out offer. Liberty Global has advised Telenet's board members of its plans.
Liberty Global is being advised by Morgan Stanley & Co. Limited and Freshfields Bruckhaus Deringer LLP in connection with the offer.
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Liberty Global Said Planning Offer for Rest of Telenet
Posted: at 1:13 pm
By Joseph de Weck - 2012-09-20T10:50:36Z
Liberty Global Inc. (LBTYA) offered to buy the remaining 49.6 percent of Belgiums Telenet Group Holding NV (TNET) for 1.96 billion euros ($2.5 billion), allowing the John Malone- led cable company to forge closer ties between European units.
Telenet investors will get 35 euros a share in cash, Liberty Global, based in Englewood, Colorado, said today in a statement. The offer is 13 percent higher than yesterdays closing price for Mechelen-based Telenets shares. Telenet jumped to 34.97 euros at 12:46 p.m. Brussels time.
Liberty Global Chairman Malone and Chief Executive Officer Michael Fries are expanding in Europe, where demand for TV, Internet and phone services delivered over cable is increasing. Liberty Global has controlled Telenet since 2007, and it bought German cable provider Kabel Baden-Wuerttemberg for 3.16 billion euros last year and its larger competitor, Unitymedia, for 3.5 billion euros in 2009.
The deal will let Malone push for stronger collaboration and synergies with his other European operations, said Marc Hesselink, an analyst with ABN Amro Bank NV in Amsterdam. The premium he paid on the Telenet share is also not excessive, which makes it a good deal.
The offer values Telenet at 5.6 times its earnings before interest, taxes, depreciation and amortization. That compares with a median multiple of 5.3 for 114 telecommunications deals in Western Europe in the past year.
Telenet shares had advanced 5.5 percent this year through yesterday. Liberty Global, which owns a 50.4 percent stake in Telenet, fell 0.2 percent to $57.28 yesterday in New York and has climbed 40 percent this year. Ziggo NV (ZIGGO), a Dutch cable company, rose as much as 5.4 percent in Amsterdam.
Europe is Liberty Globals biggest market, and the company also has assets in Latin America. Its European customers total 18.4 million. With Telenets 2.15 million cable-TV users, Belgium is Liberty Globals second-biggest market after Germany.
Demand for cable services in Europe is increasing, with customers migrating to digital connections from analogue. Digital cable penetration among German households is projected to rise to 23.7 percent in 2016 from 11.6 percent in 2011, according to researcher IHS Screen Digest. Total TV, Internet and phone subscriptions with cable companies in the country are forecast to rise by 24 percent to 32 million in 2016.
Telenet today raised its sales and profit forecasts for 2012, helped by growth in the number of subscribers that use multiple services such as digital TV and mobile-phone connections. Sales will probably rise 7 percent to 8 percent, compared with a prior range of 5 percent to 6 percent, and Ebitda growth should match that rate, it said.
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Liberty Global Said Planning Offer for Rest of Telenet
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