John Malone Says Next Iteration of Liberty “May Not Be In the Media Business” as He Forecasts Moves

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The telecom and media mogul says that his new structure could see Formula 1 buy other racing circuits.

has never been afraid to shake up his businesses. The media and telecom mogul owns a slew of companies and stakes in companies, spanningCharter Communications to Acquire John Malone's Liberty Broadband in All-Stock Deal

“I am thinking that the Liberty Media team, with a little bit of my capital perhaps, and some innovation, can put together the next-gen Liberty. It may not be in the media business,” Malone said. Liberty already has a deal to acquire MotoGP, the motorcycle racing circuit, and his comments suggested that if other racing opportunities arise, the new Liberty will be a buyer.

And he added that he was hopeful that telecom companies will be able to do deals as well, acknowledging the increasingly tough competition from wireless providers and new companies like Elon Musk’s Starlink.

 

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