Excerpts: John Malone Rides High as Cable Cowboy Remakes Pay TV, Again “There is no one better able to come back in right now, take the reins over, than this guy,” Leo Hindery, who headed Malone’s Tele-Communications Corp before it was sold to AT&T in 1999, said in a phone interview from New York. “You […]
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Excerpts: Stacking the Deck Leo Hindery’s place at the centre of America’s cable and telecom industry over the past two decades has been obscured by men whose lives are really spent in the headlines—Rupert Murdoch, John Malone or AT&T’s Michael Armstrong. But this has given Mr. Hindery something that every author craves, an inside view
Excerpts: Cablevision Agrees to Carry the YES Network But two people with knowledge in the negotiations, who spoke on condition of anonymity, said the agreement gave YES the price it wanted — and which Cablevision had derided as overly expensive — but it also gave Cablevision flexibility from YES’s demand that it be available on
Excerpts: Global Crossing Ltd, Exhibits 10.39 Employment Agreement dated as of December 5, 1999 between the Registrant and Leo J. Hindery, Jr. (incorporated by reference to Exhibit 10.33 to the Registrant’s Annual Report on Form 10-K filed on March 16, 2000). 10.40 Clarification letter dated April 17, 2000, relating to the Employment Agreement dated as
Excerpts: “Global Crossing’s Recurring Adjusted EBITDA up 91%, Cash Revenue up 46%, from Third Quarter of 1999, Pro Forma for M&A Activity.” Results for continuing operations exclude Global Crossing’s incumbent local exchange carrier business (ILEC), which the Company has agreed to sell to Citizens Communications for an estimated $3.65 billion in cash. GlobalCenter, which the
Excerpts: “Global Crossing’s Leo Hindery for Hire: Quits After Just 10 Mos.” A year later, he repeated the fix-and-flip process at Global Crossing by packaging its fiber optic Internet pipelines and selling them to Exodus Communications for $6.1 billion. That gave Hindery a profit of $205 million for his 10 months of work there. Global
Excerpt: “Global Crossing: CEO Leo Hindery is Out, Thomas Casey is In” Leo Hindery, former head of AT&T Corp.’s cable television operations, had only been at the job seven months. He joined Global Crossing last December and succeeded former CEO Bob Annunziata in March. But in the past few months, Global Crossing stock has tumbled
Excerpts: Global Crossing: Who’s in Charge? Global Crossing Ltd. (Nasdaq: GBLX) announced this morning that CEO Leo Hindery was leaving his post “by mutual agreement” after seven months on the job. According to Casey, the carrier is on target to meet and probably exceed its earnings estimates, including over $1 billion recurring adjusted EBITDA (earnings
The following quotes are excerpted from the TV Guide SC 14F1 filing. You are receiving this Information Statement in connection with the anticipated appointment of persons designated by Liberty Media Corporation (“Liberty”), The News Corporation Limited (“News Corp.”) and the Board of Directors of the Company to a majority of the seats on the Board
Excerpts: “AT&T Makes Local Phone Play with $48B Merger.” Since his first days on the job in November, AT&T chairman Michael Armstrong apparently wanted to partner with TCI chairman and CEO John Malone. Malone — whose sights will shift to control of Liberty Media Group and TCI Ventures Group — vowed that this merger won’t
