Apr
5
Cable Cowboy: John Malone and the Rise of the Modern Cable Business
“Only a decade earlier, TCI was a tiny company with a rural base of subscribers, shackled with costly, floating-rate debt and a liquidity problem. Between 1973 and 1989, Malone closed 482 deals, an average of one every two weeks. TCI had become a national titan and the biggest cable operator in the United States. From the low point that TCI stock had hit in late 1974, a year after Malone joined the company, up to the summer of 1989, TCI shares had posted a stunning rise of 55,000 percent.”
Riveting and impressive story. Some individuals have the capacity for greatness.
