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Liberty Media Corp. ( LMCA ), which owns 53% of Sirius XM Holdings Inc. ( SIRI ), has called off its plan to buy the rest of the shares of the satellite-radio provider. Meanwhile, Liberty Media announced the formation of two tracking stocks, one to be named as Liberty Media Group while the other will be Liberty Broadband Group.

In Jan 2014, the Liberty Media expressed its desire to take full control of SIRIUS XM Radio, in a deal worth more than $10 billion.

Liberty Media's tracking stock group, Liberty Broadband Group, will comprise the company's 27% stake in Charter Communications, Inc. ( CHTR ), 1% stake in Time Warner Cable Inc. ( TWC ), its subsidiary TruePosition and other investments. The second tracking stock group will consist of the SIRIUS XM stake and interests in other media and entertainment businesses.The present Liberty Media stockholders will gain one Liberty Media Group share and four shares of Liberty Broadband Group along with the right to more cable stocks.

Liberty Media is aggressively pursuing the idea of Charter Communications acquiring Time Warner Cable, the second largest cable MSO (multi service operator) in the U.S. However, Charter Communications has lost to Comcast Corp. in its bid to acquire Time Warner Cable.

In the recently concluded quarter, Liberty Media reported mixed financial results. Earnings came in above the Zacks Consensus Estimate whereas revenues lagged the same. Liberty Media generated $358.6 million of cash from operations compared with $293.2 million in the prior-year quarter. Free cash flow in the reported quarter was $303.27 million against $269.5 million in the year-ago quarter.

Liberty Media currently has a Zacks Rank #3 (Hold).

CHARTER COMM-A (CHTR): Free Stock Analysis Report

LIBERTY MEDIA-A (LMCA): Free Stock Analysis Report

SIRIUS XM HLDGS (SIRI): Free Stock Analysis Report

TIME WARNER CAB (TWC): Free Stock Analysis Report

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Liberty Media Quits SIRIUS XM Buyout Plan - Analyst Blog

TEHRAN A long-smoldering battle over government control of media and culture in Iran is heating up, as opposing political forces fight over where the limits should be drawn on access to information.

Irans president, Hassan Rouhani, and his supporters argue that press restrictions should be reduced and that the public should be trusted with greater access to the Internet and television.

Hard-line conservatives, meanwhile, believe that such freedom would undermine the countrys Islamic rule.

The debate intensified last week when Ali Jannati, the minister of culture and Islamic guidance under Rouhani, described as ridiculous many of the policies that Iran has adopted since the revolution of 1979 to control the flow of information, including filters on the Internet.

We cannot restrict the advance of [such technology] under the pretext of protecting Islamic values, Jannati said in a meeting with Irans chamber of commerce.

His ministry oversees the licensing of nearly all forms of media in Iran, including newspapers, films and books, and is also in charge of reviewing, and potentially censoring, content before it is made available to the public.

Jannati, whose father is one of Irans most powerful and conservative clerics, is considered a reformist, and many here have interpreted his appointment as a sign of Rouhanis commitment to public demands for a freer media environment.

Some have called for him to go further. In an open letter, more than 400 Iranian journalists recently protested plans that would require individual reporters to be licensed by the ministry based on periodic evaluations of their work by the ministry.

The journalists acknowledged in the letter that some restrictions had been loosened since Rouhani took office. But it said that the licensing process, if implemented, would be an obstacle to any attempts to promote freedom of speech in Iran.

Since Rouhani entered office, gradual improvements in the media landscape are being felt, but there have also been setbacks.

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In Iran, a battle over control of media and culture is heating up

Media Control Systems specializes in television automation products and systems for program recording, playback, and ad insertion. Media Control Systems (MCS)manufactures its own brand of products and also resells and integrates other TV automation related products.

MCS was founded in 2000 andis located in San Diego County, California. The company's market is not limited tothe West Coast, but distributes its products and services both nationally and internationally.

Media Control System's master control automation products are targeted toward lower priced systems used for program originationof cable access, internet TV, and low power broadcast applications.

The company manufactures DTMF cue tone generators and decoders used for cueing ad insertion

systems from satellite programming. These products are sold to all major satellite program providers worldwide. Broadcast networks such as NBCuse cue tone products for ad insertion control for secondary channels.

Media Control Systems developed a cost effectiveTV Program signal failure detection product for unattended TV Channel operations such as public, educational and government channels. The Spyglass TV Channel Failure Detector product keeps your channel from being stuck on snow, black, blue, or a frozen picture.

Featured MCS Manufactured Products

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Media Control Systems

Emergency - Media control

By: Pure Impact Records

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Emergency - Media control - Video

March 12, 2014

As media from around the world watch and wait, there is still no answer on the whereabouts of MAS flight MH370. - The Malaysian Insider pic by Afif Abd Halim, March 12, 2014.The search for a missing Malaysia Airlines jetliner expanded today to cover a swathe of Southeast Asia, from the South China Sea to India's territorial waters, with authorities no closer to explaining what happened to the plane or the 239 people on board.

Vietnam briefly scaled down search operations in waters off its southern coast, saying it was receiving scanty and confusing information from Malaysia over where the aircraft may have headed after it lost contact with air traffic control.

Hanoi later said the search - now in its fifth day - was back on in full force and was even extending on to land. China also said its air force would sweep areas in the sea, clarifying, however, that no searches over land were planned.

The seas off India's Andaman and Nicobar Islands are also being combed for traces of the lost jet.

"We are expanding to the east of the expected route of the flight and on land," Lieutenant General Vo Van Tuan, Vietnam's deputy army chief of staff and spokesman for its search and rescue committee, told reporters.

The confusion over where to look is adding to one of the most baffling mysteries in modern aviation history, and prolonging the agonising wait for hundreds of relatives of the missing.

Flight MH370 dropped out of sight an hour after taking off from Kuala Lumpur to Beijing early on Saturday, under clear night skies and with no suspicion of any mechanical problems.

Dozens of planes and ships have already searched tens of thousands of square miles of Malaysia and off both its coasts without finding a trace of the Boeing 777.

Adding to the frustration and uncertainty, Malaysia's military has said the plane could have turned around from its planned flight path, but there were conflicting statements and reports about how far and in which direction it could have flown after communication was lost.

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