Liberty's Malone says deals needed in U.S. cable market

By Liana B. Baker SUN VALLEY, Idaho (Reuters) - Liberty Media Corp chairman and cable pioneer John Malone, whose offer to buy Time Warner Cable Inc was rejected by its management, sees Time Warner Cable as a buyer of other cable operators in an industry that needs to be consolidated. Cable companies need larger scale through consolidation, whether through mergers or joint ventures, the so-called "King of Cable" told reporters on the sidelines of the annual Allen and Co media conference in Sun Valley, Idaho. ...

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