John Malone’s Liberty Media and US cable network Starz have completed their planned split.
Liberty had previously announced its intention to spin off Starz. The process was finalised last Friday and the two are now separately traded public companies and will be trading as such on the US Nasdaq exchange from the start of business today.
Post spin-off, Starz boss Chris Albrecht (pictured) and others including Irving Azoff, Derek Chang, Susan Lyne, Jeff Sagansky, Daniel Sanchez, Charles Tanabe and Robert Wiesenthal join the board of Starz.
Liberty’s main assets now include interests in Sirius XM Radio and Live Nation. It is also a minority shareholder in companies including Time Warner and Viacom.