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International Communications Broadcast Systems – By Constance Clarendon – Carl Icahn’s recent retreat presents an opportunity for Newscorp/Fox (NWS), or so it might seem. After his failed attempt to buy Lionsgate Entertainment, Icahn sold off his 33% interest in Metro-Goldwyn-Mayer. Guess who bought those shares… that’s right, Newscorp, parent of Fox Entertainment, and domain of Rupert Murdoch. NYSE trading records reveal that trading patterns in offshore accounts of NWS
Just goes to show there is life after phone-hacking scandals and hope for all the geriatrics amongst the wealthiest of plutocrats. More later…
Related Link: http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-mgm-icahn-...
