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Liberty Gets News Corp. Voting Interest

By Multi Channel News Staff -- Multichannel News, 1/21/2004 12:11:00 PM

Liberty Media Corp. said in a filing with the Securities and Exchange Commission Wednesday that it has acquired a 9.15% voting interest in News Corp.

Liberty now owns 48 million News Corp. ordinary shares and 210.8 million preferred limited-voting shares, for a total equity interest of approximately 17%. It is currently the largest shareholder in News Corp. and has the second-largest voting stake.

"We have capitalized on an opportunity to exchange nonvoting shares for voting shares at attractive prices to become the second-largest voting block in one of the world's premier media companies," Liberty president and CEO Robert Bennett said in a release.

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