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Liberty Media's John Malone Remains Bullish on Live Events Businesses

BUSINESS

John Malone speaks onstage during "TV, or Not TV" at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on Oct. 7, 2015 in San Francisco.

Liberty Media chairman and mogul John Malone told the company's annual shareholder meeting Thursday that the firm continues to believe in the value of live events businesses, such as sports and Live Nation Entertainment, despite the novel coronavirus pandemic. And he argued any hit to valuations could present a buying opportunity.

Malone spoke to investors in the firm, which houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, during the webcast virtual event.