ENTERTAINMENT
From Times Staff and Wire Reports
Liberty Media Buys Stake in Sports Channel: Denver-based Liberty Media Corp. has acquired the general partnership interest in Affiliated Regional Communications Ltd., which was previously held by cable investor Bill Daniels. ARC is the parent company of five regional cable TV sports networks. Liberty, through subsidiaries, will now own 76.6% of ARC. The remaining interest will be held by John McMullen, owner of baseball’s Houston Astros, and Group W Services Inc. Terms were not disclosed.
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