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Liberty Media Corp (LMCA)

  • Wed, Feb. 25, 5:16 PM
    • Liberty Media (NASDAQ:LMCA): Q4 Net income of $143.1M
    • Revenue of $1.1B (+7.8% Y/Y) beats by $10M.
    • Press Release
    | Wed, Feb. 25, 5:16 PM | Comment!
  • Wed, Feb. 25, 5:05 PM
    • In Q4 results, Liberty Media (NASDAQ:LMCA) pointed to Sirius XM's (NASDAQ:SIRI) earnings -- Liberty's stake in Sirius XM now stands at 57%, and the SIRI stake represents over 90% of Liberty's market cap -- as well as completing its spinoff of Liberty Broadband in November.
    • Net income on a GAAP basis was $143.1M vs. the prior $65.2M. Adjusted EBITDA was $381.3M, beating an expected $377M and up from the prior year's $325.6M.
    • The company rebought 489K shares of LMCK class from Nov. 1 through Jan. 31, at a cost of $17M.
    • Adjusted OIBDA for Q4 rose to $359M, up from the prior year's $319M. Removing depreciation and amortization, operating income rose to $206M from the prior year's $189M.
    • Cash on a GAAP basis stood at $681M at year's end. Debt, primarily in Sirius XM senior notes, was at $5.85B.
    • Free cash flow was $330.7M compared with the prior year's $303.2M.
    • Press release
    | Wed, Feb. 25, 5:05 PM | 22 Comments
  • Wed, Jan. 28, 6:05 PM
    | Wed, Jan. 28, 6:05 PM | Comment!
  • Wed, Jan. 28, 8:41 AM
    • Liberty Media (NASDAQ:LMCA) CEO Greg Maffei says that the government will likely approve the giant media merger deals on the table -- Comcast (NASDAQ:CMCSA) with Time Warner Cable (NYSE:TWC), and AT&T (NYSE:T) with DirecTV (NASDAQ:DTV) -- but the key issue will be what the firms are forced to give up.
    • "My bet would be that all those deals get done," Maffei tells CNBC. "What is the set of regulations or restrictions around them and what the acquiring companies have to agree to, that'll be the rub."
    • Liberty's interest in Charter Communications (NASDAQ:CHTR) is on his mind: "Charter has been an acquirer, is going to continue to be an acquirer" -- and Charter will have room to make buys if Comcast ends up swallowing TWC.
    • Previously: Comcast-Time Warner Cable merger review clock running again (Jan. 13 2015)
    • Previously: DirecTV hiking prices ahead of AT&T deal's closing (Dec. 29 2014)
    | Wed, Jan. 28, 8:41 AM | 1 Comment
  • Fri, Jan. 9, 11:33 AM
    • Liberty Media (LMCA -1.3%) CEO Greg Maffei has been given more voting control of TripAdvisor (TRIP +0.7%), according to a new SEC filing.
    • Maffei gained through an asset swap 2.8M B shares (10 votes per share) of Liberty TripAdvisor held by John Malone.
    • Liberty TripAdvisor in turn has majority voting control of TripAdvisor.
    • SEC Form 13D
    | Fri, Jan. 9, 11:33 AM | 5 Comments
  • Nov. 5, 2014, 12:49 PM
    | Nov. 5, 2014, 12:49 PM | Comment!
  • Oct. 9, 2014, 3:12 PM
    | Oct. 9, 2014, 3:12 PM | 1 Comment
  • Aug. 5, 2014, 7:58 AM
    • Liberty Media (NASDAQ:LMCA): Q2 Net Income of $120M.
    • Revenue of $1.16B (+7.4% Y/Y) in-line.
    • Press Release
    | Aug. 5, 2014, 7:58 AM | 2 Comments
  • Aug. 5, 2014, 7:55 AM
    • Liberty Media (NASDAQ:LMCA) reports its ownership in SiriusXM (NASDAQ:SIRI) grew to 56% in Q2.
    • The company's spinoff of Liberty Broadband is scheduled to occur in 2H of 2014.
    • Under the terms of the spinoff, shareholders will receive one-fourth of a share of the corresponding series of Liberty Broadband common stock for every whole share of Liberty Media's common stock held by them.
    | Aug. 5, 2014, 7:55 AM | 1 Comment
  • Jul. 2, 2014, 8:27 AM
    • Morgan Stanley upgrades Liberty Media (LMCA) to an Overweight rating and sets a $158 price target on the media concern.
    • The investment firm likes the potential value unlocked by the spinoff of Liberty Broadband.
    | Jul. 2, 2014, 8:27 AM | 3 Comments
  • May 19, 2014, 7:43 AM
    • Liberty Media (LMCA) announces it intends to acquire up to 3.7M shares of Live Nation Entertainment (LYV).
    • The company is going to snap up the shares through Live Nation's offering of $250M worth of convertible notes.
    • SEC Form 8-K
    • LYV -4.3% premarket
    | May 19, 2014, 7:43 AM | Comment!
  • May 8, 2014, 12:37 PM
    • Liberty Media (LMCA +0.7%) announces it will spin off all of its cable assets into a new company called Liberty Broadband.
    • The distribution is expected to take place before the end of the year.
    • Liberty Broadband will hold positions in Charter Communications (CHTR -0.4%), Time Warner Cable, and True Position Technology.
    | May 8, 2014, 12:37 PM | Comment!
  • May 4, 2014, 10:05 AM
    • DreamWorks Animation (DWA) CEO Jeffery Katzenberg fired out a warning to the movie industry during his talk at the Milliken Global Conference in Beverly Hills last week.
    • “Movies are not a growth business,” exclaimed the exec who cut his teeth on the medium.
    • Katzenberg sees a future where movies play for a short period of three weeks at theaters for $15.00 - followed by a run on TV at $4.99 and smartphones at $1.99. The forecast doesn't bode well for theater operators and associated businesses.
    • DreamWorks plans increasing its focus on shortform (digital and TV) in response.
    • Liberty Media (LMCA) CEO Greg Maffei also cautioned at the conference of a seismic change in the media industry as "clutter" from video games and social media crowds out traditional entertainment channels.
    • Movie studio stocks: DIS, LGF, SNE, VIAB, TWX, FOXA, VIA, CMCSA
    • Movie exhibitor/equipment stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX, DCIN
    • Related ETF: PBS
    | May 4, 2014, 10:05 AM | 23 Comments
  • Apr. 10, 2014, 8:12 AM
    • Charter Communications (CHTR) could threaten to make a raised bid for Time Warner Cable (TWC) in order to gain negotiating leverage with Comcast (CMCSA) over the subscribers it needs to divest, according to analysts.
    • The game theory for the company is tricky with it needing to be careful to not cross a line that pushes Comcast away from the table over the subs.
    • John Malone, the power behind Charter investor Liberty Media (LMCA), wants to see the cable company become a "horizontal acquisition machine" as it buys up assets piecemeal.
    | Apr. 10, 2014, 8:12 AM | Comment!
  • Apr. 3, 2014, 9:49 AM
    • Barnes & Noble (BKS -10.2%) plunges at the open after Liberty Media (LMCA -0.1%) says it is selling the majority of its stake in the bookseller.
    • LMCA will retain a 10% stake to allow BKS "greater flexibility" to right itself and will give up its right to have two representatives on the BKS board.
    • In 2011, LMCA purchased a 17% stake in BKS, which has struggled to compete in a market increasingly dominated by mobile devices and downloadable data.
    | Apr. 3, 2014, 9:49 AM | Comment!
  • Apr. 2, 2014, 8:05 AM
    • The 10% drop in the stock price of Comcast (CMCSA) over the last seven weeks has complicated its planned merger with Time Warner Cable (TWC).
    • The value of Comcast's offer is now down to $143.55 per share compared to $158.82 per share when the deal was announced.
    • What to watch: Though the acquisition agreement doesn't contain a collar which forces Comcast to kick in more shares, a higher deal price from another bidder could still emerge. Charter Communications (CHTR) with backer Liberty Media (LMCA) in tow comes to mind.
    | Apr. 2, 2014, 8:05 AM | 3 Comments
LMCA vs. ETF Alternatives
Company Description
Liberty Media Corporation through its subsidiaries owns interest in media, communication and entertainment businesses. The Company operates in North America.
Sector: Services
Country: United States