IRS ruling clears path for Liberty Media
The Internal Revenue Service last week ruled that stockholders would not be taxed if AT&T spins off Liberty Media, meaning the spin-off will be executed as planned later this year. Liberty Media was part of AT&T's purchase of TCI and is headed by cable mogul John Malone, who will leave the AT&T board after the spin-off.
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© 2012 Penton Media Inc.
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