Liberty Media Corporation
ORG
Liberty Media Corporation Liberty
John C. Malone, the media investor, applied to regulators to have a nonvoting 4 percent stake in Time Warner owned by his Liberty Media Corporation converted into voting shares a year ahead of schedule. In a news release, the company's incoming chief executive, Gregory B. Maffei, said the company was looking to participate actively in key shareholder votes and actions. But Mr. Malone had hoped to get voting control of his shares while the proxy challenge was still on. Liberty said it had applied to the Federal Trade Commission for the right to convert the shares ahead of a prohibition barring them from voting status until February 2007.