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Warren Buffett hasn’t found a lot to like in the stock market recently.In each of the last six quarters, Buffett has sold more stocks for Berkshire Hathaway (BRK.A) (BRK.B) than he bought. Last quarter, he sold off a big chunk of his Apple (NASDAQ: AAPL) position and the entirety of his Paramount Global (NASDAQ: PARA) investment. All told, he sold nearly $20 billion worth of stocks from Berkshire’s portfolio, and he bought less than $3 billion.Buffett lamented investment opportunities for Berkshire are few and far between as the company grows bigger. With a market cap of about $877 billion, there...

It appears that CNN’s left-wing bias will be wiped away when the network is spun off to Discovery later this year, with the new owners’ largest shareholder eager to restore it to impartiality. This is more likely than ever with Jeff Zucker gone. Liberty Media, Discovery’s largest shareholder, is headed by John Malone, a billionaire Trump donor. He retains a 25 percent voting interest in Discovery, which is set to take control of WarnerMedia later this year – including CNN.

It all began 42 years ago — Ted Turner’s creation of a 24/7 news network that would exist on something called cable TV. Few believed it could succeed. And, for its first decade, CNN largely chugged along but wasn’t seen as a game-changer or ​a true competitor to big broadcast news entities based in New York in the form of CBS, NBC and ABC. That all changed when war broke out between the United States and Iraq in 1991. On the night war exploded over Baghdad, CNN was the only news organization that was able to broadcast from the city...

CNN's left-wing bias may become a thing of the past when it is spun off to Discovery later this year, with the largest shareholder of the network's new owners eager to restore it to impartiality. John Malone, a billionaire Trump donor, is the CEO of Liberty Media, Discovery's largest shareholder. He retains a 25 percent voting share in Discovery, which will take control of WarnerMedia and its assets - including CNN - later this year. With Jeff Zucker gone, that seems more likely than ever. It's unclear which political direction Discovery CEO David Zaslav wants to take the network in....

2,200,000 acres John Malone, the 70-year-old chairman of Liberty Media, is famously reticent when it comes to discussing his business life. There is, however, one subject that makes the Denver businessman open up: his personal land holdings. Recently, he’s had a lot more to talk about. In 2011, Malone became the largest private landowner in the U.S., wresting the top spot on The Land Report 100 from his friend and longtime business partner, Ted Turner. His decades-long rise to the top dates back to the 1990s, when Malone began acquiring land in Colorado, New Mexico, and Wyoming. His land grab...

Sports fans can be sentimental. When an aging veteran begins to slip, he’ll still hear the cheers in the crowd. But as an investor, you don’t want to be stuck with the equivalents of Derek Jeter or Jorge Posada — former greats that are now drags on your portfolio. After all, yesterday’s Cisco (CSCO) can quickly become today’s ... Cisco. The elite IBD 50 has some longtime standouts, but each week new companies join or fall from the list. So take a look at the four stocks called up to IBD’s major leagues this week.

Excerpt - SAN FRANCISCO (Thomson Financial) - Liberty Media filed a court action Monday seeking to remove IAC/InterActiveCorp Chairman Barry Diller from IAC's board, according to media report. Liberty, which owns a majority voting stake in IAC that has previously been voted by Diller under a proxy agreement, also sought to remove others from the board of IAC and replace them with Liberty nominees, the Wall Street Journal reported. ~ snip ~

Excerpt - Rupert Murdoch and John C. Malone, who have wrangled for two years over Mr. Malone’s challenge to Mr. Murdoch’s control of the News Corporation, have made peace. It was almost two years ago that Mr. Murdoch was stunned to learn that Mr. Malone, his friend and sometimes business partner, had bought a big voting stake in the News Corporation, a stake that could threaten Mr. Murdoch’s grip on the colossus he built over five decades. The two men privately struck a deal this week that would have Mr. Malone take one of Mr. Murdoch’s once-prized assets — the...

...The bitter battle has all the hallmarks of a classic family drama. It pits the toddler children of Mr. Murdoch and Ms. Deng, a Chinese-born woman in her mid-30s, against Mr. Murdoch's children from his first two marriages. One of the key debates: Who should inherit the family's $6 billion fortune and Mr. Murdoch's control of News Corp.... But despite his job title, one of the few businesses Lachlan had a free hand in managing was one of News Corp.'s smallest, the New York Post, a tabloid paper that was one of his father's first acquisitions after he moved to...

Fresh from his latest win in Maine, the favourite to challenge George Bush for the US presidency has secured the financial support of some of the most powerful media moguls in the world. As John Kerry's campaign to secure the Democrat nomination - and with it a crack at the White House - continues to gather pace, it has emerged that it is being bankrolled by key executives from News Corporation, MTV-owner Viacom and Sony. The victory in Maine, Mr Kerry's 10th out of the 12 primaries in the opening weeks of the Democrat selection campaign, confirmed his position as...

NEW YORK -- EchoStar Communications Corp. Chairman Charles Ergen, recently blocked by federal regulators from acquiring his main rival in the U.S. satellite-television market, has been talking with long-standing adversary Rupert Murdoch as well as Liberty Media Corp. about possibly selling his company, industry officials familiar with the contacts told The Wall Street Journal. There haven't been any formal negotiations, Mr. Ergen isn't commenting on his motives and it isn't clear what response these preliminary feelers have sparked. EchoStar currently has a market capitalization of $12.4 billion and debt of about $5.7 billion. The surprising twist could indicate that...

NEW YORK (Variety) - Calling the proposed combination of ABC News and CNN "a two-headed monster," Fox Entertainment and News Corp. chairman Rupert Murdoch dismissed the news channel competition and waxed confidently to shareholders and the press Thursday about his two companies' prospects for the coming year. "A CNN-ABC merger would be great" Murdoch told a press conference after the Fox shareholder annual meeting in New York on Thursday. The confident chief ventured that a complicated combination of CNN and ABC News would weaken both. "It would be very difficult to execute without losing their identify. It commoditizes their product...