John Malone Moves to Simplify Empire With Spinoff of Liberty Live.

Billionaire John Malone is simplifying his media empire by spinning off Liberty Live Group, separating sports and live entertainment businesses. CEO Greg Maffei will step down as Liberty Media undergoes restructuring. The move reflects Malone's efforts to position his businesses for the future as he enters his 80s. The split is expected to be completed in the second half of 2025, with Malone serving as interim CEO. Malone advocates for more media industry consolidation to address competition challenges. [Extracted from the article]