Four weeks after Liberty Media Chairman John Malone called Discovery Communications stock cheap, he appears to have put his money where his mouth is. On Friday morning, Malone doubled his position in Discovery Class A Stock with the purchase of 332,523 shares, for $6.6 million dollars, according to a securities filing. This position strengthens Malone's already hefty stake in Discovery's Class A stock, which now exceeds 670,000.
Despite the stock's drop, Malone is convinced that Scripps' existing free cash flow paired with $350 million in expected "big" cost synergies will only help the shares over time. Speaking to CNBC, he called the deal a "free cash flow engine" that would eventually return money to investors. "If you buy something that's generating a 12 percent cash return and you buy it with 3.5 percent money, it creates a lot of free cash flow," Malone said.
Three years, near-billion dollar settlements in China and South Korea and a slew of litigation with Apple later, Qualcomm CEO Steve Mollenkopf says it's the uniqueness of his business model that has drawn such international scrutiny. "It's unique so it's easy to attack," Qualcomm CEO Steve Mollenkopf told CNBC's Squawk on the Street Monday. "It just takes a while to go legally and defend yourself. But it's worth doing. It's very valuable to our shareholders."
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Musk AND Zuckerberg or Musk + Zuckerberg.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used). For example, results will contain either cake or cookie by searching cake OR cookie or cake,cookie
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".