Tag Archives: sirius

Liberty Soars on Sirius

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Media holdings company Liberty Media (NASDAQ: LMCA) , controlled by deal maker and billionaire John Malone, continues to outperform with a strong roster of assets. The biggest boost to the company’s most recent earnings report: perennial Fool favorite Sirius XM (NASDAQ: SIRI) Continue reading →

Liberty Interactive's 1st-Quarter Operating Profit Flat; Liberty Media Swings to Black

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Liberty Interactive Corp.’s (LINTA, LINTB) first-quarter operating profit was flat as higher revenue was neutralized by higher expenses, while Liberty Media Corp. (LMCA, LMCB) swung to an operating profit as revenue surged. Liberty Interactive in 2011 completed a split-off of assets, including the Starz cable channel, that became known as Liberty Media Corp Continue reading →

Liberty Media Primed for More Acquisitions

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Industry juggernaut Liberty Media (NASDAQ: LMCA) is a busy, busy organization — acquiring and spinning off companies at an impressive clip. While it has recently taken the reins over satellite-radio company Sirius XM (NASDAQ: SIRI) , it has also spun out the largest premium cable company available, Starz (NASDAQ: STRZA) . Liberty gives investors plenty of options (no pun intended) to evaluate with its myriad of subsidiaries, not to mention the parent company itself Continue reading →

Liberty Media buys more shares of Sirius XM, gets majority control of satellite broadcaster

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By The Associated Press Liberty Media Corp., which has been trying to take over Sirius XM Radio Inc. for some time, has now bought enough shares in the satellite radio company to give it majority control. Continue reading →

Liberty Media Corporation Announces FCC Approval of Application for De Jure Control of SiriusXM

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ENGLEWOOD, Colo.–(BUSINESS WIRE)– Liberty Media Corporation (Nasdaq: LMCA, LMCB) (Liberty) today announced that it has received approval from the Federal Communications Commission for the transfer of de jure control of SiriusXM to Liberty. Liberty expects to complete the transfer of control of SiriusXM within 60 days. About Liberty Media Corporation Liberty Media (Nasdaq: LMCA, LMCB) owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. Continue reading →

Sirius's Volume Surges UP 44%, Did Liberty Increase Its Stake

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In a recent filing, Liberty Media said within 60 days of gaining FCC approval, it will move to acquire more than the 50% of Sirius?s common stock it needs to finally seize control of the company. On Thursday, the company received the news that it has been waiting for ever since acquiring 40% of Sirius in exchange for a $530 million loan. Continue reading →

Liberty's Maffei: SiriusXM Takeover Could Take 18 Months

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October 11, 2012 Speaking to investors yesterday, Liberty Media CEO Greg Maffei said the company’s takeover of SiriusXM could take up to 18 months to complete. Multichannel News reports that Maffei said any future transactions with the satcaster would depend on Liberty’s ability to monetize high cost shares, but that could take up to a year and half to fully complete. Continue reading →

FCC seeks input on Liberty bid to control Sirius

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WASHINGTON (AP) Federal regulators on Tuesday opened up a public comment period on an application by John Malone’s Liberty Media Corp. to take control of satellite radio company Sirius XM Radio Inc. The Federal Communications Commission said petitions to deny the application are due by Nov Continue reading →

Sirius XM and Liberty Media Play Nice

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There will be an interesting speaker at Liberty Media’s (Nasdaq: LMCA) annual investor meeting next week. Mel Karmazin — Sirius XM Radio’s (Nasdaq: SIRI) opinionated CEO — will be a presenter at the Oct. 10 powwow. Continue reading →

Re: Sirius XM, Liberty Media Moves In For The Kill

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Liberty Media's original Investment Agreement with Sirius XM was dated March 2009, near the bottom of the financial crisis. At that time, Sirius was facing debt payments it was unable to make with the drying up of liquidity in the U.S. financial system. Continue reading →

Investor sues Sirius board for not fighting Liberty's control

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(Reuters) – A police pension fund is suing Sirius XM Radio Inc's board of directors for letting Liberty Media Corp take over the company without a fight and without paying a premium. The lawsuit, filed in the Court of Chancery in Delaware by the City of Miami (Florida) Police Relief and Pension Fund, comes just days after Liberty said it planned to take full control of Sirius and its board by … Continue reading →

Liberty Media clears path to take control of Sirius XM

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Liberty Media Chairman John Malone, right, has moved to take control of Sirius XM, whose chief executive is Mel Karmazin, left. (SiriusXM, Liberty Media) August 17, 2012, 6:15 p.m. Liberty Media informed the Securities and Exchange Commission on Friday that it had acquired more than 48% of Sirius XM Radio’s shares and intends to push that amount above 50% in order to take control over the New York satellite radio company Continue reading →

Sirius XM, Liberty Media: Barclays Ratings On Both

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Barclays analyst James Ratcliffe this morning upped his rating on Sirius XM to Equal Weight from Underweight, while boosting his view on the satellite radio company's largest holder, Liberty Media, to Overweight from Equal Weight. Continue reading →