Liberty Media CEO Greg Maffei has been busy, between finalizing his swap with Diller's IAC, and planning ahead to when Starz contract with Netflix expires. I snagged him for a rare exclusive interview at the UBS Media & Communications conference, and he weighed in not just on those big issues, but also on the state of the American economy.
Just last week Maffei swapped Liberty's stake in IAC Interactive Corp for some cash, Gift.com and Evite.com. I asked him why. Very simply, it's part of his strategy to focus on the businesses that Liberty fully controls. Liberty's minority investments in other companies are simply not as attractive as consolidated assets.
Do Liberty's Chairman Malone and Maffei want to split with Diller? He says that's not it, after all, they're still working together on Expedia, of which Liberty owns 24 percent. And Liberty is still significantly invested in Live Nation, and Diller sits on Live Nation's board.