Cannes: Latest Theft Affects China Film Group VP 
UPDATE: Yahoo Board OKs $1.1B Deal To Acquire Tumblr … 
‘Epic’ Toon Begins $14.5M Overseas Rollout 
Cannes: Sony Classics Wins Stateside Rights To Asghar … 
‘Fast & Furious 6′ Breaks Records In … 
Specialty Box Office: ‘Frances Ha’ Triumphs As … 
‘Saturday Night Live’ Season Finale Posts … 
‘Star Trek Into Darkness’ $164.5M Global: Lower … 
Cannes: Backup Media, Memento Bring Heat To Fest Helmer Jim … 
Cannes: Sundance Selects Acquires Dardenne Brothers’ … 
Cannes: Wrekin Hill Acquires U.S. On Gabriele … 
Bill Hader’s ‘SNL’ Stefon Farewell: Video 
Cannes: The Weinstein Co. Books ‘Suite … 
BBC Confirms ‘Doctor Who’ Season 8 
Finally, Cannes Dealing! Radius-TWC Nabs Director’s … 
Hammond On Cannes: Wet Fest’s Official Competition … 
‘Vampire Academy’ Adds ‘Modern … 
RATINGS RAT RACE: ‘Shark Tank’ Finale Up, … 
Cannes: Worldview Options Andrew Dominik’s Marilyn … 
UPFRONTS 2013: The Overachievers 
‘Mike & Molly’ Creator Mark Roberts To … 
Ted Turner seems destined to be one-upped by his longtime ally, Liberty Media’s John Malone. First it was in media, where Malone remains a player long after Turner was pushed out of Time Warner. Now Malone has passed Turner as the nation’s biggest private land owner — a title the founder of cable channels including CNN, TNT, and Cartoon Network held since the 1990s — according to The Land Report. Malone bought more than 1M acres of timberland in Maine and New Hampshire this year, bringing his total land holdings to 2.2M acres. That passes Turner, who has more than 2M acres, mostly in Montana. Malone tells the publication that he caught “this land-buying disease” when he toured Turner’s ranch two years ago. The Land Report’s annual survey of the largest private U.S. landowners just looks at acreage owned by individuals, families, family-owned companies, and family-controlled foundations.
John Malone Becomes The No. 1 Land Owner, Passing Ted Turner
-
Marketplace
News/Opinion Poll
Loading ...Box Office Poll
Loading ...
Another reason to occupy wall street.
I don’t think at all this is a reason to occupy wall street. that movement (contrary to the foolishness Fox News is spreading) is not about being mad at rich people. It’s not even about being mad at corporations.
It’s about getting so much of the corporate influence out of our politics (like the awful Citizens United ruling and the buckets of money that lobbyists are able to throw around that regular people never could). If someone wants to be rich, great, wants to buy land great (hopefully they’ll protect much of it from more trees getting cut down). More power to him.
This is clearly a symptom of what’s wrong. It doesn’t mean one can’t strive to be rich. It means that a society where one man can have billions of acres of land while another is homeless is a society based on outrageous and barbaric inequality.
But is he giving the land to conservancy after he dies like Ted Turner is doing?
How tasteless, really, at this point in time.
Malone wins this pissing contest.
FTW
Amen! I am all for capitalism but this kind of greed and abuse is exactly what everyone is fed up with. But we have or all wrong it should be occupy Washington DC and every state capital. Scaring these MFer’s that They might lose there jobs is the only way to have impact to legislate the changes we need. And corporate boards need to cap compensation. No more that 10x the average worker would be a start
He should give one acre to 2.2 million families and have them start little farms on the land, that way we can have them grow food and get the economy going.
Really?!? You just want to become a third world country or what?
I read Malone granted total access for recreation, hunting, fishing rights in the Maine land he bought. I find that better than buying a yacht. Malone does not believe in passing down enormous wealth to his heirs so I would bet it will be conservation in the future. Malone may be a shark in business but is not at all like Rupert who wants a dynasty.
This is less about the land than about the states where the land is bought. Most of this land is in states that grant water rights–water usually in aquifers under ground–to anyone who owns the land above it. The plan in the future is to privatize water, which is, in itself, a disgrace.
http://www.businessweek.com/magazine/content/08_25/b4089040017753.htm
Good for him.
His land is in the part of Maine that associates itself more with Canada than the US… A land of moose and a declining logging industry…
http://www.landreport.com/2011/10/malone/
There’s nothing sinister here. From the article, “Ultimately, he plans to put all of his land in perpetual conservation easements.”.
FRANK is right.
Buying lots of land is one of the few purchases of excessive wealth that has any resonance.
At least we won’t have to see this moron when he is at home. He’ll probably fly in and out in his private helicopter.
Malone is looking more and more like Kabletown’s CEO. What a jerk!
You’re a bigger douche than Ted Turner – congratulations.
Malone had the means to buy this land because he’s created a tremendous amount of wealth through his hard work and vision, which by the way enabled many other individuals to do things from feeding their families to generating wealth themselves. He didn’t just find a bag of money or ride in on a tank and take the land.
From an economic perspective though, buying land just to have it or keep it the way it is, is one of the worst things he could’ve done with the money. It’s akin to stuffing it a mattress. He’s locked that wealth into owning something that will not generate any further wealth. Actually, it probably even hurt the local economy. I believe the land has timber forests on it. How many jobs were lost by JM annexing this land for preservation?
If he had spent this money on a yacht, it would have been one of the best things he could do. I bet more than 1 boat builder is hurting these days, trying to keep their doors open and their employees on payroll. A purchase of this scale generates a shockwave of benefits through the economy.
Some people just don’t get it, we WANT the uber rich to spend, spend, spend or at least invest, invest, invest – stuffing it in a matress has NO benefit to the economy. Even putting it in a checking account enables the bank to loan it, many times over in fact, to those of us that need capital to grow or start businneses which is how we grow the economy.
I don’t agree with the fact that one man should own this much, but you make a good logical argument. This is the kind of debate that should be played out on a national stage. I don’t know if you could change my mind or if I could change yours, but I’ll tell you this. I’d love to see this kind of dialogue, instead of each side digging in. I keep waiting for The Tea Party movement to realize they have much more in common with the Occupy Wall Street movement than they have with either political party.