Liberty Media Tries Again To Control Sirius XM Radio
Posted on May 31, 2012 at 12:49 PM EDT
Liberty Media (LMCA) is again asking federal regulators to allow it to wrest control of satellite radio broadcaster Sirius XM Radio (SIRI). The media company, controlled by billionaire businessman John Malone, asked the Federal Communications Commission to reconsider its May 4 rejection of Liberty's claim that its then 40% stake in Sirius constituted effective control. Liberty has since added to its position and now owns 46.2%. In its latest