Monthly Archives: February 2014

Report: Liberty, Discovery in Talks for Formula 1 Stake

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Liberty Media (LMCA) and Discovery Communications (DISCA) are in talks to acquire a minority stake in global racing circuit Formula One, according to a New York Post report on Monday.

Media mogul John Malone is working to make a deal happen through Liberty Media and Liberty Global (LBTYA), hoping to buy as much as 49% of Formula One from private equity firm CVC Capital.

The report said talks between Liberty, Discovery and CVC Capital are in an early stage and could still fall apart.

A Discovery spokesperson declined to comment. Representatives of Liberty Media and CVC didnt respond to inquiries from FOX Business.

A Formula One deal would put Malones cable entities in a position to better control rights fees for sports content. Liberty Media owns U.K. cable giant Virgin Media and holds a 27% stake in Charter Communications (CHTR), which is in a fight to buy larger rival Time Warner Cable (TWC).

Liberty Media is also the owner of Major League Baseballs Atlanta Braves and controls 29% of the voting power in Discovery.

Meanwhile, Discovery recently agreed to up its stake in international sports network Eurosport to 51% from 20%. Chief executive David Zaslav indicated that Discovery would look to bolster Eurosport with more rights to programming.

Formula One Group, which operates 19 races around the world each year, generates annual revenue of more than $1.5 billion. The Monte Carlo Grand Prix in France is said to be worth $7 billion to $8 billion alone, the Post reported.

Longtime Formula One chief executive Bernie Ecclestone, 83, resigned from the board last month. He is facing bribery charges in Germany.

Shares of Liberty Media fell 2% to $129.02 in recent trading. Discovery was down 1.6% at $78.50.

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Report: Liberty, Discovery in Talks for Formula 1 Stake

Ayn Rand, Rothbard, New World Order, The Welfare State, and Libertarian Action, with Andrew Benson – Video

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Ayn Rand, Rothbard, New World Order, The Welfare State, and Libertarian Action, with Andrew Benson
Ayn Rand, Rothbard, New World Order, The Welfare State, and Libertarian Action, with Andrew Benson.

By: Richard Heathen

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Ayn Rand, Rothbard, New World Order, The Welfare State, and Libertarian Action, with Andrew Benson - Video

Meet Olufunmilayo Olopade, Nigerias gift to the world

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Dr Olufunmilayo Olopade

Olufunmilayo I. Olopade is an hematology oncologist, Associate Dean for Global Health and Walter L. Palmer Distinguished Service Professor in Medicine and Human genetics at the University of Chicago.

Born in 1957 shealso serves as director of the University of Chicago Hospitals Cancer Risk Clinic.

She graduated from University of Ibadan, Nigeria, with a MD, in 1980. She has performed extensive clinical work surrounding the role of the BRCA1 and BRCA2 genes in the incidence of breast cancer in women of African descent.

She is a member of the American Association for Cancer Research, the American College of Physicians, and the Nigerian Medical Association and works closely with the Breast Cancer Research Foundation. She is a member of the Institute of Medicine.

She married Christopher Sola Olopade, also a physician at the University of Chicago, in 1983; they have two daughters, and one son.

In 2011, President Barack Obama, appointed herto the US Cancer advisory board.

Dr. Olopade is also passionate about exploring the genetic factors behind disparities in breast cancer that affect women of African descent.

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Meet Olufunmilayo Olopade, Nigerias gift to the world