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March 'Magness' Hits Liberty as Director Quits
A longtime Liberty Media (L Quote) shareholder ended up staying only briefly on its board.
The media and entertainment company controlled by onetime cable mogul John Malone disclosed in a filing Tuesday that board member Kim Magness, a major shareholder of Liberty and the son of Malone mentor Bob Magness, resigned from the board on March 12.
Magness, who joined the board only six months ago, was arrested March 7 on suspicion of narcotics possession, according to Denver press reports. The 50-year-old Magness was found by a police in a hotel room with cocaine, marijuana, hashish and the painkiller Oxycontin, police said. ...
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