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Liberty Media (LMCA +1.1%) may be finally set to gain control of Sirius XM Radio (SIRI +0.8%)...

Liberty Media (LMCA +1.1%) may be finally set to gain control of Sirius XM Radio (SIRI +0.8%) after filing a plan to convert preferred shares to common stock and asking the FCC to reconsider its early decision to refuse "de facto" control of the company. Lazard Capital Market's Barton Crockett sees Liberty succeeding in its initiative and finally ending the rocky tenure of CEO Mel Karmazin at the top.
Comments (2)
  • beanboy62
    , contributor
    Comments (55) | Send Message
     
    baron crockets opinion is a crock. SiriXm

     

    is a thriving company with good managment.
    There is no compelling reason for the FCC to give liberty control unless and untill they actually have in their possesion over 50 %-- 40 % is not the new 51 % and 46.2 % isnt either.
    In essence Malone is saying --look We have the physical assets in place to become the majority holder of the common stock and we have a mind to do it some time soon if we must,so why wait just give us the control now.

     

    It doent matter that liberty has the preferred that can be converted into a majority position. If the FCC gives Liberty defato control now liberty may not actually convert the 50% of their convertible preferred because doing that forfeits some of their rights under the original agreement.
    Fcc should deny liberty again.
    This is a simple case of right and wrong. Its wrong for liberty to make this request now and it would be right for the Fcc to deny. what is wrong with you??!!
    To use a boxing analogy Siri is on it feet ,it eyes are bright and is ready to fight but liberty yells out " hey ref every one knows that I will win eventually so just end it now ,and the ref.gives it to liberty by TKO.
    31 May 2012, 10:10 PM Reply Like
  • Siri Ike
    , contributor
    Comments (5) | Send Message
     
    It's not over. If Liberty wants control then they should buy it. Get the 50% of common share. Period. The FCC should NOT approve their application until they have it and can prove it. The FCC should NOT accept Liberty's comments about what they "intend" to do. They either have it, 50% common shares in hand and can prove it or they do not. In today's filing they also indicated that they "might" change their plans depending on the markets, price etc....
    1 Jun 2012, 03:07 AM Reply Like
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