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Liberty Media Selects Next CEO

  • WSJ, Wednesday, November 9, 2005 12 PM
Liberty Media Corp., the cable-TV company headed by John Malone, has chosen its next chief executive. He will be 45-year-old Gregory Maffei, the departing co-president of Oracle Corp. Maffei, a onetime Microsoft finance chief, will join Liberty as CEO-elect until next spring, at which time he will be named CEO and president, according to the Wall Street Journal. The announcement of Maffei's hiring came against the backdrop of news that Liberty had posted a third-quarter loss of $94 million despite a rise in sales. The net loss was 3 cents a share, after net income of $372 million, or 13 cents a share a year earlier, Bloomberg.com reported.

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