By Will Sturgeon, 13 February 2002 07:20
NEWS Cable television firms NTL and Telewest are again being linked with a merger as Liberty Media seeks to consolidate the UK market. Liberty owns a quarter stake in Telewest and is thought to be considering a rights issue to fund a bid for NTL, according a report in the Financial Times. A united NTL and Telewest would create one company large enough to go into battle against Rupert Murdoch's Sky empire. However, both companies are massively in debt and Liberty is reported to be looking at ways of restructuring NTL's finances. John Malone, chairman of Liberty, is already in discussion with Barclay Knapp, CEO of NTL, to try and re-engineer the cable provider's finances.
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