John C. Malone
John C. Malone
John C. Maloneis a billionaire American business executive, landowner and philanthropist. He served as chief executive officerof Tele-Communications Inc., a cable and media giant, for twenty-four years from 1973 to 1996. Malone is now chairman of Liberty Media, Liberty Global, and Liberty Interactive all which he is the majority owner, and also owns 49% of Starz Inc. and 29% of Discovery Communications.He was interim CEO of Liberty Media, until succeeded by former Oracle CFO Greg Maffei...
NationalityAmerican
ProfessionBusinessman
Date of Birth7 March 1941
CountryUnited States of America
John C. Malone quotes about
Recently somebody said, "Hey, you lost weight," and I said, "Yeah, thirty-five pounds and three and a half billion dollars." So I'm quite a bit lighter and more flexible than I was.
There's an old saying that the government is your partner from birth, but they don't get to come to all the meetings.
The fact that equities are being sold down, despite the lowest interest rates in recent history, simply means that the market doesn't see growth ahead for -very many businesses.
What you really are afraid of is that you're competing against somebody who is rich and irrational. I mean, it used to be a given, a saying in the industry: Don't ever bid against Rupert Murdoch for anything Rupert wants, because if you win you lose. You will have paid way too much.
The curse of the cable industry over all these years as an operating reality is that every year the debt goes up (and) all the money generated gets reinvested, and then some.
You just have to be opportunistic, and try to figure out what creates value.. where the bottom is, what creates incremental value, and in what combinations.