Looks Like John Malone Wants HSN

Regular Controlled Greed readers know I own Liberty Media, meaning I own the three tracking stocks (which I consider one position in the portfolio).

Barron's reports that Liberty recently upped its stake in HSN (which used to be called the Home Shopping Network), causing HSN stock to skyrocket. John Malone and his sidekick Greg Maffei are on the prowl:

It has always seemed logical for Liberty to buy HSN and merge it with QVC; Maffei said as much on an earnings conference call in February. Under the IAC deal with Malone, Liberty can't make an offer for another year. But the writing is on the wall: HSN seems destined to be owned by John Malone. And over the past few weeks, the stock's rally suggests investors have figured it out.