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(Image from article: "Barry Diller steps down as IAC CEO")

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Liberty Media Lays Out Its Plans To Take Control Of Sirius XM

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.

Barry Diller steps down as IAC CEO

Greg Blatt takes charge, Liberty Media sells its IAC stake -- The IAC chairman said Thursday that he is stepping down as CEO and that John Malone's Liberty Media has sold its entire stake in the company.

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