Liberty Media’s Malone Speaks on CNBC
July 1, 2008 12:04 PM
John Malone, Liberty Media’s 67-year-old CEO, made a rare appearance on CNBC to discuss the future of his hydra-headed empire.
Any reporter who covers this company is always baffled by the more than half a dozen tracking stocks that comprise this empire. Apparently investors are confused, too, as the stock continues to languish.
Malone said a “simple company is best,” and that the transition is already under way, but not complete, to create a new, less confusing model, providing the tax ramifications are positive.
And there’s the rub: Malone hates to pay taxes, hence the baffling structure of Liberty today.
Anyone have any ideas for Malone here?
If he has them, he kept them close to the vest today.
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