Liberty Media to spin off Charter stake in new company

By on May, 12 2014 with Comments 0

liberty-mediaLiberty Media said it will spin off some of its assets in a new company called Liberty Broadband. Shareholders will receive shares in the new company pro rata for their holdings in Liberty Media. The new company will include Liberty Media’s 26.4% stake in Charter Communications, its subsidiary TruePosition and a small stake in Time Warner Cable.

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About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

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