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Cable Billionaire Malone to Take $280 Million Discovery Hit

https://www.bloomberg.com/news/articles/2021-05-18/cable-billionaire-malone-to-take-280-million-hit-on-discovery
John Malone, the billionaire investor and media executive, may see the value of his Discovery Inc. shares cut by almost $280 million as a result of its merger with AT&T Inc.’s media businesses — a deal he vigorously supports.