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Fortune
Fortune
Mark Robichaux

Billionaire John Malone bets on patience with Kentucky Derby contender Journalism

At first glance, Journalism is just another promising colt chasing glory at tomorrow's Kentucky Derby. But beneath the bay coat and late-race power is a story that reaches far beyond the racetrack—one about patience, discipline, and the kind of long-term thinking that feels increasingly rare in American business and culture.

The horse is co-owned by John Malone, the media titan whose name is synonymous with consolidation, control, and quiet dominance. Once dubbed the “Cable Cowboy,” Malone helped shape the cable-TV industry and built Liberty Media into a sprawling media empire that now owns Formula One. But behind his well-earned reputation as a ruthless negotiator lies something more unexpected: a deep commitment to land, conservation, and relationships. And while Malone famously shuns headlines and social events, Journalism the racehorse offers a rare window into that quieter philosophy—and into the paradoxes that define Malone himself.

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