AMC Networks to buy Chellomedia from Liberty Global

(Reuters) - AMC Networks Inc said it would buy Chellomedia, the international content unit of John Malone's Liberty Global Plc, for about $1.04 billion, giving it greater control over the global distribution of its programs. Liberty Global said the deal would help it simplify its business and allow it to focus on its core market. Malone, known as the "King of Cable", jumped back into the U.S. cable market earlier this year by buying a 28 percent stake in Charter Communications. Until then, he had been on a decade-long acquisition spree in Europe. ...



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