EmptyLiberty trades for CBS station
John Malone's Liberty Media said Tuesday that it will swap a 1% stake in CBS Corp. for a TV station in Wisconsin and $170 million in cash. It marked the latest move by Liberty to simplify its corporate structure by swapping passive investments in media companies for operating businesses. The day before, Liberty finalized a deal with Time Warner Inc. to exchange a block of TW shares for Major League Baseball's Atlanta Braves and additional considerations.
Telmex adds Peruvian cabler
Mexican telecom giant Telmex said Tuesday that it is acquiring Peruvian cable company Boga Comunicaciones for an undisclosed amount. Telmex said it is looking to offer triple-play service to Boga's 233,000 customers. Looking to expand its reach in South America, Telmex in August bought Colombian cable firm Superview for about $40 million and in December bought two other cable outfits in Colombia.
Sirius Canada tops 300,000
Sirius Canada, the Canadian arm of Sirius Satellite Radio, said Tuesday that it has surpassed the 300,000 paying-subscriber mark. The company added more than 100,000 users since Nov. 22, it said. Based on research firm NPD Group's methodology, Sirius has a 75% market share in Canada, the firm said.