John Malone's cable group Liberty Global has approached Britain's No. 2 pay-TV operator Virgin Media about making a bid for the firm, the UK group said on Tuesday. Virgin Media, which has a market value of $10.6 billion, was formed by the merger of cable groups Telewest and NTL and mobile operator Virgin Mobile.
"Virgin Media confirms that it is in discussions with Liberty Global, a leading international cable company, concerning a possible transaction," it said in a brief statement. "Any such transaction would be subject to regulatory and other conditions."More on Liberty Global on Wikipedia. To get a taste of how they run their current cable companies, take a look at the entry on Cablevision, the NY. Lots of carriage disputes and a reputation for carrying too few channels at too low a bit rate. Sound familiar?