Time Warner Cable Inc (TWC) to Wed Liberty Media Corp (LMCA)?

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The overall winner, however, is Liberty Media Corp (NASDAQ:LMCA). The company is in great shape, with a majority stake in Sirius XM Radio Inc (NASDAQ:SIRI) that it can easily make gains from. In addition, the company has a big stake in the world’s largest concert promoter, Live Nation Entertainment, Inc. (NYSE:LYV), and owns the Atlanta Braves.

Liberty shareholders will get a quick reward in the case of a merger with Time Warner Cable Inc (NYSE:TWC), but I believe capital appreciation and/or a buyout (and thus capital appreciation) will occur regardless of this deal. While Malone has polarized some with a difficult, shark-like business presence, he is without doubt one of the most talented capital allocators in the media industry. Liberty’s CEO Greg Maffei is a smart manager as well, having successfully spun off premium cable TV company Starz (NASDAQ:STRZA) and significantly rewarded shareholders along the way.

Whether the merger goes through or not, Liberty should be the focus of this trio.

The article Time Warner Cable to Wed Liberty Media? originally appeared on Fool.com.

Fool contributor Michael Lewis has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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