clock menu more-arrow no yes mobile

Filed under:

Less Sirius Is More for John Malone

As it turns out, Sirius XM Radio and Charter Communications don’t really belong together.

John Malone’s Liberty Media said Thursday night it had pulled its tender offer to buy the 47 percent of satellite-radio operator Sirius it didn’t already own. It’s also creating a new tracking stock called Liberty Broadband to house its 27 percent stake in Charter, along with a few other assets.

Read the rest of this post on the original site »

This article originally appeared on

Sign up for the newsletter Today, Explained

Understand the world with a daily explainer plus the most compelling stories of the day.