4 September 2008 10:36 AM, PDT | From Studio Briefing - Film News | See recent Studio Briefing - Film News news
In a widely expected maneuver, John Malone's Liberty Media said Wednesday that it is planning to split off Liberty Entertainment, currently a tracking stock that was launched to measure the value of the company's entertainment assets, into a separate public company. It will include Liberty's 50-percent stake in DirecTV, which it acquired from News Corp in April, Starz Entertainment, Liberty Sports, and Fun Technologies, among other assets. Analysts had expected the move to be accompanied by an announcement that Liberty had increased its stake in DirecTV, and some predicted that such a move remained an imminent probability.
