Analyst Sees Possibility of Spin-From Liberty Starz

NY - Could John Malone's Liberty Media be searching in a full spin-from premium TV network firm Liberty Starz?our editor recommendsStarz Develops Pay TV Subs, Profit in Third QuarterLiberty Media Spends $204 Million in Barnes & NobleStarz Boss Chris Albrecht engaged BTIG analyst Richard Greenfieldthinks so. Inside a blog posthe contended that this can be a likely scenario following Wall Street chatter in regards to a potential line of credit for Starz. "Although it isconceivable that Liberty Starz is raising capital to pursue an acquisition, we don't see many compelling targets," Greenfield authored. "In addition, we feel Starz is much more apt to be acquired than to become a buyer of other assets management has frequently established that Starz most likely will work better included in a bigger media conglomerate." His conclusion: "The much more likely scenario is the fact that Liberty is planning to hard-spin Liberty Starz from Liberty Media, make it possible for so that it is acquired mid-late the coming year with a bigger media entity." The analyst, for just one, has previously contended that Comcast/NBCUniversal and Time Warner could be logical purchasers. Authorities at Starz, brought by Boss Chris Albrecht, and Liberty Media couldn't be arrived at or rejected to comment. Liberty Starz is presently a monitoring stock of Liberty Media, meaning traders can trade shares centered on the Starz business, despite the fact that it's for the time being a part of Liberty Media. A spin would turn it into a separate and fully independent, resource-based stock. What triggered Greenfield's blog past was news he stated appeared from Standard & Poor's late now that established that Liberty Starz was along the way of financing a five-year $1.5 billion line of credit. Control over Liberty Media and Starz rejected comment. "We fight to think that Liberty/Starz will not have outright refused when the story was coldly false," Greenfield stated. A spin-from Starz would also provide benefits for the organization's Liberty Capital business, its assortment of opportunities just like Sirius XM and Live Nation, based on the analyst. Liberty Capital "due to Liberty Starz no more being a member of the organization also becomes an resource backed company, flush with cash either to strongly shrink the equity float and/or proper purchases." Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects John Malone Liberty Media Liberty Starz