Liberty Media, Sirius Xm Radio Inc | featured news

The search for a chief executive officer to replace Mel Karmazin at Sirius XM Radio Inc. could extend well into next year, Liberty Media CEO Greg Maffei said Tuesday. "We are both looking at internal and external candidates," Mr. Maffei said on a conference call following Liberty's third-quarter results announcement. "It's unlikely to be a one-month process. I would hope it would be six [months] or less."

Liberty Media Corp. said Friday it has boosted its stake in Sirius XM Radio Inc. and intends to take control of the satellite radio broadcaster if federal authorities approve.

In an SEC filing this morning, John Malone’s company says that it will convert enough of its preferred shares in the satellite radio provider into common shares to give it 32% of the total votes.