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Malone Taking Over at Liberty

Stock quotes in this article: L , NWS , DISCA , IACI  

Hard-charging John Malone is retaking the helm of his Liberty Media (L Quote).

Malone, Liberty's controlling shareholder, will take over as CEO with longtime chief Dob Bennett departing, the media holding company said Wednesday. The news comes as Malone prepares to joust with News Corp. (NWS Quote) hard-hitter Rupert Murdoch over Malone's stake in that media giant.

Liberty stunned Wall Street and Murdoch late last year by saying it had doubled its stake in News Corp. to 18%. News Corp. was stung again last week by the unexpected departure of Lachlan Murdoch, who had been seen as his father's heir apparent. ...

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