Financial Times: Liberty Media Close to Deal for Sirius XM

If you subscribe to FT.com, you can read the report here.

Regular readers know I've owned Liberty Media, and now hold its three tracking stocks, for a while. The investment was performing nicely, until the financial meltdown (what else is new?).

Yet I'm a fan of John Malone, though many have lost patience with him over the years. I think he's a shrewd operator and I'm sure he thinks he can do well with Sirius XM satellite radio. At the right price, of course.

I'll take this opportunity to remind that between my holding in DirecTV Group (DTV/NYSE) and Liberty Media (which controls DTV), DirecTV is my single largest holding.