Liberty Media

  1. Liberty Overtakes Disney as Most Profitable Media Conglomerate on Strength of SiriusXM Investment

    March 20, 2014 4:40 PM EDT SNL Kagan says Liberty's fortunes soared in 2013 due a savvy investment in SiriusXM Radio. With a $142 billion market capitalization, Wall Street has determined that the Walt Disney Co. is the most valuable traditional media conglomerate on t ...

  2. Warren Buffett's Berkshire Hathaway Sells Stock of SiriusXM Controller Liberty Media

    February 17, 2014 10:51 AM EST The billionaire investor's Berkshire Hathaway continues to own stakes in Viacom, Starz, DirecTV and Liberty Media. Warren Buffett's Berkshire Hathaway has disclosed a small stake in John Malone's international cable company Liberty ...

  3. Sirius XM, Liberty Media CEOs Defend Acquisition Plan

    January 08, 2014 2:51 AM EST Top executives at Sirius XM and Liberty Media on Tuesday defended a plan by the conglomerate to wholly absorb the satellite radio firm for $3.68 a share, a price that some investors deem too paltry. Jim Meyer, the CEO of Sirius XM, said Tuesday th ...

  4. Sirius XM Stock Rises Amid Accusations Liberty Is Lowballing Shareholders

    January 06, 2014 8:21 PM EST Shares of Sirius XM soared 7 percent to $3.83 on Monday as investors seemed to conclude that a buyout offer from Liberty Media is too low and headed higher. On Monday, multiple shareholders disparaged the offer of $3.68 that Liberty made public on ...

  5. Liberty Media Seeks to Make Sirius XM a Wholly Owned Subsidiary

    January 03, 2014 8:48 PM EST Liberty Media said late Friday it is proposing to make Sirius XM Radio a wholly owned subsidiary of the conglomerate controlled by billionaire John Malone. Liberty already owns a controlling stake in Sirius XM, but if shareholders approve of the p ...

  6. Liberty Media Third-Quarter Earnings Drop, Revenue From Media, Entertainment Stakes Rise

    November 05, 2013 9:29 AM EST John Malone's Liberty Media on Tuesday reported lower third-quarter earnings, but improved other key financials amid the inclusion of Sirius XM Radio financials and the exclusion of premium TV firm Starz, which it spun off earlier in the ye ...

  7. SiriusXM Shareholders Present Their Case on Liberty Media's Takeover

    August 29, 2013 12:48 PM EDT SiriusXM shareholders directors should have taken measures to prevent a takeover by Liberty Media, extracted a takeover premium and allowed a shareholder vote on the deal, the judge in the case heard this week.   “Malone wanted to enjoy all the ...

  8. Liberty Media's First-Quarter Results Rise Dramatically Following Sirius XM Inclusion

    May 08, 2013 11:31 AM EDT John Malone's Liberty Media on Wednesday posted higher first-quarter results after the inclusion of Sirius XM Radio in its financials and the separation of Starz, which was spun off into a separate company. Liberty reported quarterly earnin ...

  9. New Sirius XM Chairman Says Company Could Become 'Totally Independent'

    April 11, 2013 5:20 PM EDT Liberty Media CEO Greg Maffei, named the chairman of Sirius XM on Thursday, says a spin-off from Liberty Media is “absolutely” a possibility for the satellite radio company. "At some point it might make sense for Sirius to be a totally inde ...

  10. Former Sirius XM Radio CEO Mel Karmazin Earned $11 Million in 2012

    April 11, 2013 6:39 AM EDT Mel Karmazin earned $11 million in 2012, his last year as CEO of Sirius XM Radio, up from $10.7 million the previous year. Karmazin, who relinquished his role in December as Liberty Media was taking control of it through stock purchases, earned ...

  11. Business Matters: Pandora, Live Nation, Sirius XM Stocks Riding High

    February 01, 2013 7:08 PM EST The stock market reached new highs Friday as the Dow Jones surpassed 14,000 for the first time since 2007, but music-related stocks have performed even better recently. Shares of Pandora, Live Nation and Sirius XM are up between 11.8% and 24.7% in ...

  12. Three Directors Step Down at Sirius XM Radio as Liberty Media Takes Control

    January 22, 2013 6:54 PM EST Three directors have stepped down from the board of Sirius XM Radio, the firm said Tuesday. A shake-up in the boardroom was not unexpected, given that Liberty Media recently gained control over Sirius. Liberty had been buying shares of Sirius for ...

  13. Irving Azoff's Resignation Comes With Tax Benefits, Non-Compete Carve-Outs

    December 31, 2012 10:54 PM EST The paths of the Bush tax cuts and the man who topped Billboard's Power 100 crossed on December 31, 2012: Irving Azoff's resignation from Live Nation gave him cash, stock, the right to manage certain artists such as the Eagles and engage ...

  14. Irving Azoff's Exit: The Invisible Hand of John Malone

    December 31, 2012 9:57 PM EST The exit of veteran music manager Irving Azoff as executive chairman at Live Nation comes two months after another media veteran, Mel Karmazin, stepped down as chairman and CEO of SiriusXM Satellite Radio. The person they have in common? Veteran m ...

  15. Irving Azoff on Leaving Live Nation, What's Next, and Why He Regrets Ticketmaster Merger

    December 31, 2012 8:15 PM EST Just hours after Irving Azoff's departure from Live Nation was confirmed, Billboard's Ray Waddell caught up with him over the phone from Mexico, where Azoff's family is vacationing with Don Henley's family. In this conversation ...

  16. Business Matters: New Sirius XM CEO to Face New Set of Challenges

    December 19, 2012 9:00 PM EST It's a new era for Sirius XM Radio. The company announced Wednesday that James E. Meyer has been named company's interim CEO , effective immediately. Meyer, the president of sales and operations, takes over for Mel Karmazin, who had prev ...

  17. Jim Meyer Appointed Interim CEO of SiriusXM, Mel Karmazin Officially Steps Down

    December 19, 2012 9:48 AM EST SiriusXM Radio today named James E. Meyer Chief Executive Officer, on an interim basis effective immediately following the announced departure of Mel Karmazin. Mr. Meyer, who was SiriusXM's President of Sales and Operations, will also join th ...

  18. Gil Friesen, Longtime A&M Exec and Film Producer, Dead at 75

    December 14, 2012 2:29 PM EST Longtime A&M exec Gil Friesen died yesterday at his home in Los Angeles after a prolonged battle with leukemia. Known as a charismatic and impeccably dressed man of many interests, he spent 31 years at A&M and was, along with founders Herb ...

  19. Morning Fix: Billboard Touring Conference Kicks Off; Facebook Woos Music Apps; Carnegie Hall Reopens

    November 07, 2012 8:13 AM EST Head H ERE to subscribe to Billboard's Morning Fix and other free music-business newsletters FACEBOOK TO MUSIC APP DEVELOPERS: YOU NEED US: Facebook trumpeted its track record as a platform for music applications not named Spotify in a post e ...

  20. SiriusXM CEO Karmazin Calls Internet Radio 'Race to the Bottom' on Earnings Call

    November 01, 2012 10:46 AM EDT Outgoing SiriusXM CEO Mel Karmazin slammed the business model behind personalized Internet radio services during an otherwise upbeat third-quarter earnings call Thursday. While advertising-based Internet radio company Pandora has yet to turn a pro ...

  21. Morning Fix: Taylor Swift's 'Red' Juggernaut; Apple iPad Mini's Maxi Price; Karmazin Out at SiriusXM

    October 24, 2012 8:04 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters TAYLOR SWIFT'S 'RED' TO SELL 1 MILLION IN FIRST WEEK: Taylor Swift is poised to become the first female artist in the Nielsen SoundScan era (1991 to present) ...

  22. Mel Karmazin to Step Down From SiriusXM

    October 23, 2012 4:41 PM EDT SiriusXM Radio today announced that Mel Karmazin told its board of directors that he will be leaving the company on February 1, 2013, according to multiple media outlets . He will also leave the company's board on that date. Karmazin's d ...

  23. John Malone is Quite The Risk Taker

    October 15, 2012 8:27 AM EDT The billionaire might be making more music investments like AEG. John Malone, the billionaire investor most responsible for cable TV's presence in more than 100 million U.S. homes today, is doubling down on his two music-led investments and ...

  24. Morning Fix: Spotify on TV; Pandora's Payments Explained; New Rolling Stones Single; Eno's Album App

    October 11, 2012 9:10 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters MACKLEMORE & RYAN LEWIS' HEIST ALBUM HEADING FOR BIG BILLBOARD 200 DEBUT: Seattle rapper Macklemore and producer Ryan Lewis are headed for the biggest debut on the ...

  25. Liberty Media Sees Share Repurchases, Dividends and a Spin Off Once it Controls Sirius XM Radio

    September 12, 2012 9:54 PM EDT Liberty Media CEO Greg Maffei hinted at share repurchases and dividends when his company takes over Sirius XM Radio but didn't give specific clues as to operational changes. "It could become the core of what Liberty Media is," Maffe ...

  26. SiriusXM CEO Mel Karmazin: 'My Instincts Are That Liberty Does Not Need Me'

    September 12, 2012 1:51 PM EDT Liberty Media could announce as early as Wednesday that it has acquired a controlling stake in Sirius XM Radio, the satellite service's CEO Mel Karmazin said. He also indicated that Liberty may not want him around much longer. "My instin ...

  27. Morning Fix: Tupac Hologram Company Goes Broke, More Coachellas? J.Lo's Cable Channel, iPhone 5!

    September 12, 2012 7:30 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters: Breaking News, Touring, Top 40, Country and many more. AEG ATTORNEY FIRES BACK OVER MICHAEL JACKSON EMAILS: 'NOBODY IS TELLING THE STORY PROPERLY': A series of c ...

  28. Liberty Media Applies for Control of Sirius XM Radio

    August 17, 2012 9:19 PM EDT Billionaire media-mogul John Malone and his Liberty Media moved a step closer on Friday to taking control Sirius XM Radio. In a filing with the FCC, Liberty asked permission to take "de jure" control over Sirius XM, having already failed ...

  29. Morning Fix: Liberty Vs. SiriusXM, DJs Stump for Obama, Deezer Comes To Asia

    August 15, 2012 8:25 AM EDT MTV Unveils Artist.MTV Pages, Tries to Catch MySpace Napping If a re-launched MySpace isn't going to be the online destination for musicians it once promised to be, maybe MTV is up for the job. MTV today unveiled its long-awaited Artists.MTV ...

  30. Business Matters: Rumors Heat Up That Liberty Media Will Buy Out Live Nation

    June 28, 2012 4:10 PM EDT Rumors Heat Up That Liberty Media Will Buy Out Live Nation -- Another summer, another round of speculation that Liberty Media may buy out the remaining shares of Live Nation it does not already own. Liberty Media upped its stake in Live Nation to ...

  31. Business Matters: Music and Entertainment Stocks Got Beat Down Friday But Are Faring Well in 2012

    June 01, 2012 6:44 PM EDT Stocks Down Friday, But Doing Well Overall Friday was rough for the U.S. stock market but was especially brutal for music-related stocks. Some declines were triple -- or close to it -- the declines of 2.2% for the Dow and 2.8% for the Nasdaq. Even ...

  32. Liberty Media Unveils New Plan to Take Control of Sirius XM Radio

    June 01, 2012 6:31 AM EDT John Malone's Liberty Media on Thursday filed details about its new plan to take control of satellite radio firm Sirius XM Radio over time by taking over its board. FCC Rejects Liberty Media's Request to Control Sirius XM Radio The plan ...

  33. Liberty to Boost Stake in Sirius XM

    May 09, 2012 7:44 AM EDT LOS ANGELES (AP) -- Billionaire John Malone's Liberty Media Corp. said Tuesday that it will spend $650 million to increase its effective control of satellite radio company Sirius XM Radio Inc. to 45.2 percent. FCC Rejects Liberty Media's ...

  34. FCC Rejects Liberty Media's Request to Control Sirius XM Radio

    May 04, 2012 8:50 PM EDT The FCC has dismissed a request made March 20 by Liberty Media to temporarily control Sirius XM Radio. Liberty, controlled by John Malone, had sought jurisdiction over the satellite radio company despite owning only enough convertible stock to tra ...

  35. Business Matters: Lockerz Gets Investment from Live Nation, Sells Its Tickets, Too

    August 03, 2011 4:58 PM EDT Lockerz Gets Investment from Live Nation, Sells its Tickets, Too - Live Nation has backed online rewards company Lockerz . Other investors in the $36 million Series C funding round include DAG Ventures, Liberty Media, and Kleiner Perkins Caufield ...

  36. Live Nation Would Benefit From Going Private: John Malone

    July 07, 2011 8:28 AM EDT SUN VALLEY, Idaho - Live Nation Entertainment , the world's largest concert and promotions business, would benefit from being taken private, according to the company's largest shareholder. Cable entertainment mogul John Malone said Live ...

  37. Business Matters: DISH Picks Odd Time to Show Interest In Pandora

    June 28, 2011 8:47 PM EDT DISH Picks Odd Time to Show Interest in Pandora -- According to numerous media reports, satellite television operator DISH Network may buy an interest in, or outright acquire, personalized Internet radio company Pandora Media. The comment made by ...

  38. Live Nation Shares Rise, Then Slip After Report Company May Go Private

    June 13, 2011 3:50 PM EDT Shares of Live Nation have risen after a Friday New York Post report claimed the company is in early buyout discussions with Liberty Media. Shares rose 6% on Friday but were down over 3% in early Monday trading, suggesting the market was less cert ...

  39. Liberty Media Offers $1 Billion for Barnes & Noble

    May 20, 2011 7:54 AM EDT NEW YORK (Reuters) - John Malone's Liberty Media Corp has proposed to buy Barnes & Noble Inc for $1.02 billion, nine months after the largest U.S. bookstore chain put itself up for sale. Liberty Media is offering $17 per share, a 20.5 per ...

  40. Business Matters: Pandora Way Ahead of CBS Radio & Clear Channel's Internet Radio

    January 20, 2011 12:00 AM EST Pandora Way Ahead Of Terrestrial Radio's Streaming Efforts -- Pandora has a nearly 4-to-1 lead over CBS Radio in terms of unique streams, according to metrics quoted by AdAge. The personalized Internet radio service has over half a million pe ...

  41. Liberty Media Raises Stake In Live Nation

    November 17, 2010 12:00 AM EST Liberty Media increased its stake in Live Nation to just over 18%, according to details in a Wednesday SEC filing. The company's chairman of the board and director, John Malone, took over as interim chairman of the board of Live Nation in mid ...

  42. Live Nation's Concert Chief Garner Leaves The Company

    November 03, 2010 12:00 AM EDT Live Nation Entertainment Inc, the world's No. 1 live music company, has parted ways with Jason Garner, the head of its concert business, according to a regulatory document filed on Wednesday. Garner, who was chief executive of Live Nation Wo ...

  43. Liberty Media Chairman: Barry Diller 'Got Tired' of Board Conflict

    October 01, 2010 12:00 AM EDT Barry Diller's decision to step down as chairman of Live Nation can be blamed on his getting sucked into discussions about competing interests of different parts of the business, John Malone, chairman of Live Nation investor Liberty Media sai ...

  44. Business Matters: WMG, Knitting Factory, Trade Group CEO Salary Comparisons and more

    July 12, 2010 12:00 AM EDT ANALYSTS: WMG A 'BUY' -- Needham & Company analysts have reiterated their buy rating on Warner Music Group and have a target price of $8.50. Shares of Warner closed at $4.57 on Friday and were down 11.3% in the last five days of trad ...

  45. Business Matters: Live Nation, EMI, CAA and more

    June 17, 2010 12:00 AM EDT Follow Billboard senior editorial analyst Glenn Peoples and Billboardbiz on Twitter. LIVE NATION CHATTER OFF TARGET -- Pop music critic De Rogatis is stretching when he tries to link this summer’s spate of cancelled concerts and weaker-than-expect ...

  46. Analysis: Live Nation Attracts Hedge Fund Interest. Can It Deliver?

    May 28, 2010 12:00 AM EDT Live Nation has attracted some big name investors. Tiger Management, Lone Pine Capital and Glenview Capital Management are three of the hedge funds that bought shares of Live Nation in the first quarter, Reuters pointed out on Friday . The $12-per ...

  47. Live Nation Gets Nod of Approval From Investors

    March 03, 2010 12:00 AM EST Live Nation's stock is up 7.4% in the last five trading days, and rose 3.2% on Wednesday. The Nasdaq has gained just 1.64% in the last five trading days, while the S&P 500 is up 0.9%. Investors reacted positively to news on Wednesday that ...

  48. Business Matters: Live Nation, Sony, Nokia, Slacker and More

    March 03, 2010 12:00 AM EST -- Want free advice from some of the industry’s leading direct-to-fan experts ? During the “Your Fans Are Your Livelihood” panel on March 17 at SXSW , the four panelists will critique the direct-to-fan marketing efforts of two artists. Panelists a ...

  49. Sirius Posts Profit, Sees Big Subscriber Growth

    February 26, 2010 12:00 AM EST Sirius XM Radio Inc posted its first quarterly profit since its merger and said it expects to add 500,000 new subscribers in 2010 as the recovery in the car market boosts demand for satellite radio. The results suggest that the company, run by med ...

  50. Business Matters: Viacom, Mel Karmazin, Susan Boyle and More

    February 12, 2010 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. Follow Billboard senior analyst Glenn Peoples on Twitter at twitter.com/billboardglenn . -- Viacom is seeking a refund on its 2008 earn-out paymen ...

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