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Baron Funds Comments on Liberty Media Corp.

August 07, 2013 | About:
Holly LaFon

Liberty Media Corp. (LMCA), the holding company for media investments made by John Malone and his team, rose 13.6% in the quarter due primarily to the continued appreciation of Sirius XM Radio shares, of which Liberty controls and now owns over 50%. Sirius continues to grow its cash flow by over 25% and is levering up by aggressively repurchasing its stock under Liberty's guidance. Liberty also made a new meaningful investment in cable operator Charter Communications, Malone's heritage industry. Can you say "Back to the Future?"

From Ron Baron’s second quarter 2013 commentary.


Rating: 1.0/5 (2 votes)

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