Liberty Capital Corp/NV insider John C. Malone, a director and more than 10% owner, reported purchasing 1,000 shares of Series C GCI Group Common Stock on 2026-08-13 at $26.00 per share in an open-market or private transaction. Following this purchase, he directly holds 2,559,752 shares of this stock. Additional indirect holdings reported include 1,541 shares held by the John C. Malone June 2003 Charitable Remainder Unitrust, 60,594 shares held by the Malone LG 2013 Charitable Remainder Unitrust, and 108,417 shares held by the Leslie A. Malone 1995 Revocable Trust, for which he disclaims beneficial ownership as they are owned by his spouse.
Southeastern Asset Management, Inc., together with Longleaf Partners Small-Cap Fund, reports beneficial ownership of Series C GCI Group Common Stock of GCI Liberty, Inc. The filing states that Southeastern beneficially owns 1,935,424 shares, representing 5.4% of this class.
Within this amount, 3,224 shares are reported with sole voting and dispositive power by Southeastern, while 1,932,200 shares are held with shared voting and dispositive power by Southeastern and Longleaf. Longleaf is reported as beneficially owning 1,932,200 shares, also representing 5.4% of the class. O. Mason Hawkins is listed as a reporting person but reports 0 shares beneficially owned and no voting or dispositive power.
The reporting persons enter a joint filing agreement under Rule 13d-1(k), confirming this Schedule 13G is filed on behalf of all three reporting persons.
Liberty Capital Corp/NV director and 10% owner John C. Malone reported open-market purchases of 542,232 shares of Series C GCI Group Common Stock over August 10–12, 2026, at weighted average prices around the mid‑$20s per share. The filing also lists indirect holdings through several charitable remainder unitrusts and a revocable trust associated with his spouse, with beneficial ownership of the spouse’s shares disclaimed. Liberty Capital notes it changed its name from GCI Liberty, Inc. on May 21, 2026.
Liberty Capital Corporation reported second-quarter 2026 results with total revenue of $261 million, flat versus the prior-year quarter. Operating income fell to $29 million from $51 million and net earnings to $16 million from $27 million. Adjusted OIBDA declined 11% to $96 million, and the Adjusted OIBDA margin compressed to 36.8% from 41.4% as operating and acquisition costs increased.
Year-to-date 2026 revenue was $517 million, down 2%, while Adjusted OIBDA fell 14% to $189 million. GCI’s Consumer revenue declined due to the 2025 exit from the video business, though wireless grew, and Business gross margins narrowed sharply as distribution and network costs rose. Trailing twelve-month free cash flow dropped to $59 million from $153 million, reflecting higher capital expenditures, which reached $125 million in the first half and are expected to total $290 million in 2026.
Liquidity increased, with cash, cash equivalents and restricted cash at $510 million and total debt at $1.263 billion as of June 30, 2026; GCI’s leverage ratio rose to 2.8x. GCI amended its credit facility to add up to $480 million of extra capacity and subsequently repurchased about $129 million of 2028 Senior Notes. The board adopted a dividend policy for GCI Group common stock starting in the fourth quarter of 2026, targeting an initial aggregate cash dividend of approximately $60 million annually, or about $15 million per quarter, subject to customary conditions and potential modification.
Liberty Capital Corporation, which owns the Alaska-focused GCI telecom business, reported Q2 2026 revenue of $261 million, unchanged from Q2 2025, and net earnings of $16 million, down from $27 million. For the first half of 2026, revenue was $517 million and net earnings $34 million, versus $527 million and $62 million a year earlier. Adjusted OIBDA declined to $96 million in Q2 and $189 million year-to-date.
Operating margins softened as consumer video discontinuation reduced other revenue, business distribution costs rose after prior-year temporary savings, technology and service fees increased, and acquisition costs related to the planned $310 million Quintillion purchase were incurred. Cash and cash equivalents were $497 million at June 30, 2026, supported by an approximately $300 million rights offering, while total debt carried on the balance sheet was $1.21 billion. The company agreed to acquire Quintillion, extended and upsized its Senior Credit Facility (including new term loans), completed the small $11 million SwS fixed‑wireless acquisition, and put a $60 million per year dividend policy in place beginning in Q4 2026.
Liberty Capital continues to rely heavily on federal Universal Service Fund support and the Alaska economy, noting ongoing legal challenges to USF structures and inflationary pressures. Chairman John C. Malone now holds 53.7% voting control following regulatory approvals.
Vanguard Portfolio Management LLC reports passive ownership of common stock of Liberty Capital Corp. As of 06/30/2026, it beneficially owned 1,876,059 shares, representing 5.23% of the class.
Vanguard has sole voting power over 13,920 shares and sole dispositive power over 1,876,059 shares, with no shared voting or dispositive power. The position aggregates holdings across specified Vanguard affiliates and Vanguard funds and managed accounts, while excluding other disaggregated Vanguard subsidiaries.
Vanguard Portfolio Management LLC, together with certain Vanguard affiliates, reports beneficial ownership of 203,020 shares of Liberty Capital Corp common stock, representing 5.56% of the class as of June 30, 2026. These holdings include securities held by Vanguard funds and other managed accounts over which Vanguard Portfolio Management LLC or specified affiliates exercise authority.
Vanguard has sole voting power over 1,430 shares and sole dispositive power over 203,020 shares, with no shared voting or dispositive power. No other single person’s economic interest in these securities exceeds 5% of the class.
Vanguard Capital Management reports beneficial ownership of Liberty Capital Corp common stock. It holds 170,728 shares, representing 4.67% of the outstanding class. Vanguard has sole voting power over 25,939 shares and sole dispositive power over 170,728 shares, with no shared voting or dispositive power.
The position is reported as ownership of 5 percent or less of the class. Vanguard entities and managed accounts have rights to dividends and sale proceeds for these securities, and no other single person’s interest in the reported securities exceeds 5%.
BlackRock, Inc. reports beneficial ownership of 265,799 shares of Liberty Capital Corp Series A Common Stock, representing 7.3% of the class. BlackRock has sole voting power over 262,424 shares and sole dispositive power over 265,799 shares, with no shared voting or dispositive power reported.
The reported holdings reflect securities beneficially owned, or deemed to be beneficially owned, by certain BlackRock business units, excluding other disaggregated units. Various underlying persons may receive dividends or sale proceeds, but no individual person has an interest exceeding five percent of Liberty Capital Corp’s outstanding common shares.
BlackRock, Inc. filed an amended Schedule 13G reporting its beneficial ownership of Series C Common Stock of Liberty Capital Corp. BlackRock reports beneficial ownership of 2,487,894 shares, representing 6.9% of the Series C Common Stock.
BlackRock reports 2,435,011 shares with sole voting power and 2,487,894 shares with sole dispositive power, with no shared voting or dispositive power. The filing clarifies that the reported holdings reflect securities beneficially owned, or deemed to be beneficially owned, by specified BlackRock business units, excluding other disaggregated units. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of Liberty Capital Corp’s outstanding common shares.