Tag: John Malone
Ascent Capital's largest stockholder sells half of his preferred shares
October 30, 2013Leif Kothe
Some intriguing financial news out of the Monitronics/Ascent Capital camp. Ascent Capital Group's largest direct stockholder, media mogul John Malone, recently sold half his preferred shares—worth $32.7 million in cash—back to the company, according to a news release from Ascent Capital. The divestment comes nearly three years after Ascent acquired Monitronics in a $1.2 billion deal.
Malone, who sold 351,734 shares, now owns the same number of Series B shares, plus 198,540 Series A shares,...
Where's the media in Ascent Media?
March 17, 2011Martha Entwistle
PALM BEACH, Fla.—The media in Ascent Media—the new owner of Monitronics—is really limited to the company name. That was one of the messages from Bill Fitzgerald, chairman of the board of Ascent Media Corporation, at the Barnes Buchanan conference here in February.
He got some laughs from the conference crowd when he said: “You're looking at me and thinking 'Here come the cable guys again.'”
In some ways, Fitzgerald said, the crowd...