STARZ SPIN: Liberty Media Corp. will spin off its Starz cable channels into a separate company.

BETTER VIEW: The company says the move will give investors a better view of how Starz is doing, improve its capital structure and create two "currencies" in the form of shares that can be used for acquisitions. It will also free up cash at Liberty to buy more shares of Sirius XM Radio, as it tries to take control of the company.

MILLIONS OF SUBSCRIBERS: The Starz network has 20.7 million subscribers. Its Encore network had 34.2 million subscribers at the end of the second quarter.