Liberty awaits key approvals

Investor's Business Daily

The media giant is nearing completion of 2 deals that could reshape the media giant in the coming year. It's waiting for Federal Communications Commission approval of its bid to gain control of Sirius XM Radio (SIRI). That's likely to happen before year-end, analysts say. Liberty Media (LMCA), which holds various media, communications and entertainment subsidiaries, is also awaiting a tax ruling from the IRS on its proposed spinoff of its premium cable TV channel, Starz. Liberty shares fell 0.04% to 109.

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