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

My Cat Has a White Nose & Gums; What Does This Show? : Cat Health Care & Behavior – Video

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My Cat Has a White Nose Gums; What Does This Show? : Cat Health Care Behavior
Subscribe Now: http://www.youtube.com/subscription_center?add_user=Expertvillage Watch More: http://www.youtube.com/Expertvillage If your cat has a white nos...

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My Cat Has a White Nose & Gums; What Does This Show? : Cat Health Care & Behavior - Video

Standard & Poor’s U.S. Consumer, Retail, And Health Care Weekly Review (Feb. 3) – Video

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Standard Poor #39;s U.S. Consumer, Retail, And Health Care Weekly Review (Feb. 3)
In this segment of U.S. Consumer, Retail, and Health Care Weekly, Standard Poor #39;s Director Rick Joy reviews the recent rating actions we took on Sotheby #39;s,...

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Standard & Poor's U.S. Consumer, Retail, And Health Care Weekly Review (Feb. 3) - Video

Health Care Reform And Your Taxes

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(NAPSI)The health of your wealth may depend on how well you understand the Affordable Care Act and the changes it creates for federal taxes.

New Rules

Whether these changes affect you is largely a matter of your households gross income minus certain deductionsyour adjusted gross income (AGI)and whether you have health insurance.

While most Americans will see little to no change when filing taxes due April 15, 2014, the experts at TaxACT point out that higher income taxpayers are more likely to be affected, particularly those with investment income.

Anyone whose modified AGI is $200,000 or more ($250,000 if filing jointly or $125,000 if married filing separately) will pay an additional 3.8 percent tax on 2013 investment income, including interest, dividends, capital gains, and rental and royalty income. Itll be added to tax already paid on investment income. For example, if you pay 20 percent tax on a long-term capital gain, your total tax on the gain will be 23.8 percent.

Fortunately, you can reduce your investment income by expenses that can be allocated to it, such as investment interest expense, advisory and brokerage fees, and rental and royalty expenses. You can also reduce it by state and local income taxes that can be allocated to investment income items.

If you pay the additional net investment income tax, you may also pay an additional 0.9 percent Medicare tax on wages and compensation in excess of $200,000. Since the tax is automatically withheld from employee wages, you simply report the amount in Boxes 5 and 6 of your Form W-2 on your tax return. The tax is calculated using figures on Schedule SE for business owners and the self-employed.

If you deduct unreimbursed medical expenses, the threshold has increased to 10 percent of your AGI. For example, if your 2013 adjusted gross income is $50,000, you can deduct only unreimbursed medical expenses that exceed $5,000. The threshold remains at 7.5 percent for taxpayers age 65 or older.

Let affordable, do-it-yourself tax software navigate these tax law changes for you, suggests TaxACTs Jessi Dolmage.

The programs ask easy questions to help minimize your tax liability and maximize your deductions and credits.

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Health Care Reform And Your Taxes