John Malone.
John Malone, the local mogul at the helm of Liberty Media, didn't become one of the richest men in the state by making foolish investments. But his decision, made public moments ago, to provide $530 million in loans to Sirius XM Radio in exchange for a 40 percent equity stake in the struggling operation hardly looks like a sure thing.
Yes, the technology works, and works well. But Sirius XM's subscription model, which requires users to pay a monthly fee (as well as purchase pricey
Charlie Ergen.
Forbes magazine's annual billionaires list is out, and as the Denver Business Journal documents, Colorado's most-moneyed residents are walking around with lighter wallets since September 2008, the last time the mag measured their wealth. Poor Phil Anschutz is down to his last $5 billion, from $8 billion; James Leprino's dipped from $2.3 billion to $2 billion; John Malone's net worth plunged from $2.3 billion to $1.5 billion; and Pat Stryker's lost one-third of the $1.8 billion sh
Creeping traffic. Strained schools. Dwindling water. Commuters are flocking to Elbert County for a little bit of country, but there isn't much country left.
John Malone.
As one of Colorado's wealthiest entrepreneurs, Liberty Media chairman John Malone can certainly afford the $1.4 million civil penalty just announced by the U.S. Justice Department. But he can't be pleased by the publicity sure to be generated by the fine, levied against him for violating antitrust pre-merger requirements related to his acquisition of Discovery Holding Co. voting securities back in 2005. The issue's highly technical and plenty complicated. Learn more about it by rea
