John Malone Reorders Media Empire as C.E.O. Exits

Published On Nov 13, 2024, 10:23 AM

Liberty Media is undergoing a corporate restructuring, which includes the departure of CEO Greg Maffei and the spin-off of some of its assets. John Malone will temporarily take over as CEO. The restructuring involves Liberty Broadband being acquired by Charter, and Liberty Live being spun off, which will focus on the live entertainment sector, particularly Live Nation. Formula One will remain under Liberty Media's control.

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With the restructuring and spin-offs, Liberty Media may become more streamlined and could potentially see a rise in its focus on profitable areas such as Formula One and live entertainment. This refocusing could attract investor interest and boost stock performance.

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