Discovery Communications, Inc.

Cable TV upheaval prompts a wave of media merger talks

Cable TV upheaval prompts a wave of media merger talks

Cable television mogul John Malone for years predicted rapid consolidation in media, adding that there was an opportunity for small independent companies — so-called free radicals — to be swept together to create a more formidable media company.

Charter Communications, which is backed by Malone’s Liberty Media, then acquired Time Warner Cable to become the nation’s third-largest pay-TV company and the largest TV provider in Los Angeles. Malone invested in the Santa Monica movie and television studio Lionsgate, which last year bought Malone’s Starz premium movie channel.

Now, Malone may be about to further expand his empire. Discovery Communications, whose largest individual...

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