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Gabelli Asset Management Comments on Liberty Media Corp

Liberty Media Corp. (1.5%) ( LMCA )(LMCA - $130.73 - NASDAQ) is a diversified investment vehicle guided by cable television pioneer John Malone (Chairman) and former Microsoft Corp. (0.2%) CFO Greg Maffei ( CEO ). The company owns 52% of satellite radio provider Sirius XM, 27% of cable operator Charter Communications, the Atlanta Braves baseball club, and stakes in several other public and private entities. Malone and Maffei have created significant value for shareholders over the past several years as they tax-efficiently distributed, traded, or sold interests in Discovery Communications (1.2%), News Corp (0.4%), Time Warner Inc. (1.1%), DIRECTV, Starz (0.3%), and QVC, among others. Over the last year, Liberty has been focused on new investments and was a key player in Charter's bid for Time Warner Cable (0.3%). To sharpen the focus on these efforts, Liberty announced it would create a tracking stock for its cable investments to be called Liberty Broadband to be issued later in 2014.

From Mario Gabelli ( Trades , Portfolio )'s Value 25 Fund first quarter 2014 shareholder commentary. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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