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MSG Network Shares Rise on Potential Liberty Media Bid

M. Corey Goldman

rose more than 5% on Monday following a report that said cable media titan John Malone's Liberty Media was considering making a bid for the company. The New York Post reported on Friday that Liberty Media, which owns a majority of Sirius XM and the Atlanta Braves as well as a stake in Formula One, is considering making a bid for MSG Networks, whose bread-and-butter is broadcasting games for the NBA's New York Knicks and NHL's Rangers and Islanders.