Liberty Media

  1. Liberty Media Corp Dumps Plans to Acquire SiriusXM Radio

    March 14, 2014 8:44 AM EDT Liberty Media Corp. said Thursday it will reclassify its common stock into two new tracking stocks and, due to the change in structure, it has abandoned its effort to acquire SiriusXM Radio, a company in which it already owns 53%. The plan has the ...

  2. 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 ...

  3. 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 ...

  4. 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 ...

  5. 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 ...

  6. 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 ...

  7. Greg Maffei Named Live Nation Chairman

    March 14, 2013 5:45 PM EDT In a move that reflects the growing influence of Liberty Media in Live Nation Entertainment, the LNE Board of Directors of Live Nation Entertainment today appointed Greg Maffei as the non-executive Chairman of the Board. Maffei is President and ...

  8. 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 ...

  9. 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 ...

  10. 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 ...

  11. 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 ...

  12. 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 ...

  13. 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 ...

  14. 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 ...

  15. Liberty Media Raises Stake In SiriusXM Again To 48.8 Percent

    August 29, 2012 12:50 PM EDT John Malone's Liberty Media continues to slowly raise its stake in Sirius XM Radio. The satellite radio firm, led by CEO Mel Karmazin, reported in a regulatory filing late Tuesday that Liberty has bought additional stock to take its ownership ...

  16. 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 ...

  17. 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 ...

  18. 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 ...

  19. 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 ...

  20. 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 ...

  21. 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 ...

  22. 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 ...

  23. 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 ...

  24. Sirius XM Stock Impacted by Howard Stern Lawsuit

    March 24, 2011 8:16 AM EDT Wunderlich Securities analyst Matthew Harrigan on Wednesday downgraded his rating on shares of Sirius XM Radio and his target price on them following Howard Stern's lawsuit against the satellite radio company. In early trading, Sirius shares ...

  25. Exclusive: Irving Azoff Talks Live Nation's Purchase Of Front Line Shares, Board Reorganization

    February 07, 2011 6:12 PM EST Live Nation Entertainment chairman Irving Azoff says today's announcement of the company's purchase of the remaining shares of Front Line Management from Azoff and Madison Square Garden "made incredible financial sense," in an ...

  26. Live Nation Acquires Remaining Equity in Front Line, Azoff Named Chairman

    February 07, 2011 8:43 AM EST Live Nation Entertainment acquired substantially all of the remaining equity stake in Front Line Management Group, Inc. that it did not previously own for total consideration of $116.2 million in cash and stock, the company announced today. Additi ...

  27. 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 ...

  28. 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 ...

  29. 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 ...

  30. 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 ...

  31. Liberty Media Seeks Bigger Stake In Live Nation

    January 26, 2010 12:00 AM EST Liberty Media Corp offered to buy up to 34.5 million shares in the newly merged Live Nation Entertainment at a 14% premium, sending the concert promoter's shares up 13%. Liberty already owns a 14.6% stake in Live Nation, which completed an $8 ...

  32. Q3 Earnings: Industry Financial Snapshot

    December 07, 2009 12:00 AM EST Dour financial results have never looked so good. With a few exceptions, Q3's earnings results offered a snapshot of repeated losses and turnaround plans bearing little fruit. But in today’s environment, survival is a marker of success. Music ...

  33. SEC Filing Outlines A Merged Ticketmaster-Live Nation

    July 03, 2009 12:00 AM EDT Ticketmaster and Live Nation filed a Form S-4 joint proxy statement/prospectus with the SEC on Wednesday. The document is not complete but offers many details on the proposed merger of the two companies. - Michael Rapino is expected to serve as pr ...

  34. Sirius XM To Roll Out iPhone App In Q2

    March 13, 2009 12:00 AM EDT Sirius XM Radio Inc looks to expand the reach of its satellite radio service with the second-quarter launch of an iPhone application as it explores a potential marketing partnership with satellite TV provider DirecTV Group. The company, which had ...

  35. Sirius XM Agrees To Liberty Media Deal

    February 17, 2009 12:00 AM EST Satellite Radio firm Sirius XM has avoided a bankruptcy filing, confirming Tuesday morning a deal with John Malone's Liberty Media that will provide it with cash infusions in return for a minority stake in the company. With the agreement, Mal ...

  36. Sirius Creditors Threaten To Oust CEO: Report

    February 16, 2009 12:00 AM EST A group of Sirius XM Radio Inc creditors will seek to remove chief executive Mel Karmazin if the company chooses a bankruptcy filing over a deal with an investor that would let it stay solvent, the Wall Street Journal said. "Creditors will ac ...

  37. Sirius XM in talks with DirecTV, Liberty - Reports

    February 12, 2009 12:00 AM EST Sirius XM Radio Inc's chief executive Mel Karmazin has approached DirecTV Group Inc and Liberty Media in an effort to fend off bankruptcy as well as a bid by EchoStar Corp's Charlie Ergen, media reports said. The reports come as Sirius X ...

  38. Liberty Media Completes Spin-off Of Discovery

    July 26, 2005 12:00 AM EDT Liberty Media Corp., the conglomerate headed by cable pioneer John Malone, said July 21 it had completed the spin-off of Discovery Holdings, which includes Liberty's 50% stake in Discovery Communicati NEW YORK (Reuters) -- Liberty Media Corp. ...

  39. Warner Music Files For $750M IPO

    March 15, 2005 12:00 AM EST Warner Music Group Corp., parent company of Warner Music Group, filed registration papers with the Securities and Exchange Commission on March 11 proposing to raise up to $750 million in an initial pu (Reuters) -- Warner Music Group Corp., parent ...

  40. Liberty's DMX Music Files For Chapter 11

    February 22, 2005 12:00 AM EST Liberty Media-controlled DMX Music, a provider of digital music and visual programming to homes, businesses and airlines, said Feb. 14 that its U.S. operations have filed for Chapter 11 bankruptcy pro NEW YORK (The Hollywood Reporter) -- Liberty M ...

  41. DirecTV Consolidates LatAm Satellite Ops

    October 19, 2004 12:00 AM EDT Rupert Murdoch's News Corp. Ltd. on Oct. 11 said it will sell its stake in Sky Latin America to its DirecTV Group for $579 million, creating satellite broadcast monopolies in a region where profits ha NEW YORK (Reuters) -- Rupert Murdoch' ...