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Malone mulls Kirch: Liberty among conglom's possible suitors. (Business).(John C. Malone, Liberty Media Corp., Kirch Group)(Brief Article)
BERLIN -- U.S. cable mogul John Malone has joined the growing list of investors eyeing bankrupt German media giant Kirch Group: Reps of his Liberty Media are expected to meet Kirch execs in Munich this week.
The Denver-based group is considering stakes in Kirch's core TV and rights division Kirch Media, which filed for insolvency earlier this month, as well as troubled Kirch Pay TV, which looks increasingly likely to go belly-up.
Malone, a longtime partner of Kirch Pay TV shareholder Rupert Murdoch, had expressed interest in Premiere earlier this year as part of his bid for Deutsche Telekom's cable assets, which was blocked by federal antitrust authorities.
Kirch Pay TV has been feverishly looking for new investors before it runs out of cash, expected to happen in three to four months.
Additional negotiations
Premiere also has negotiated with media giant Bertelsmann, although latter maintains pay TV is not core to its strategy.
Murdoch remains the most likely candidate to take over the web in lieu of a $1.5 billion put option he holds on his 22% stake in Kirch Pay TV
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