Liberty Media saw a big jump in third quarter revenue thanks to its controlling interest in satcaster Sirius XM Satellite Radio.
Liberty CEO Greg Maffei noted that it was "a busy quarter" for John Malone's holding company, which solidified its control of Sirius XM and reclaimed the 5.2% stake that Comcast Corp. held in Liberty in exchange for ending a long-held revenue-sharing agreement with NBCUniversal's CNBC cabler and $417 million in cash.
Liberty reported gains in the value of its hefty stakes in Charter Communications (valued at $3.6 billion) and Live Nation Entertainment ($990 million) but saw a drop in the value of its Barnes and Noble holdings ($231 million).
Pictured above: John Malone
Liberty Media's Q3 Revenue Climbs with Sirius XM Acquisition
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