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Liberty Media Corp (LMCA)

- NASDAQ
  • Oct. 10, 2013, 1:40 PM
    • Liberty Media's (LMCA +2.6%) John Malone thinks a joint effort by cable operators (CVC, CHTR, TWC) could help monetize the concept known as TV Everywhere.
    • The exec sees a syndicated product from the sector that would help create leverage to keep programming costs lower and make it easier to compete with Netflix.
    • Comcast (CMCSA +1.8%) might already be a step ahead with its Viper project. The product could eventually be used to syndicate Xfinity programming to Pay-TV customers nationally.
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  • Oct. 10, 2013, 8:26 AM
    • Liberty Media (LMCA) says it completed a transaction with a subsidiary of Comcast (CMCSA) in which 6.3M shares of its common stock was repurchased.
    • Under the terms of the tax-free deal, Liberty Media gave up Leisure Arts Inc., $417M in cash, and its rights to a revenue-sharing agreement with CNBC.
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  • Oct. 10, 2013, 7:00 AM
    • Sirius XM Radio (SIRI, LMCA) announces it approved a new $2B stock repurchase program.
    • The company says cash on hand, future cash derived from operations, and potential borrowings will be used to fund the buybacks.
    • SIRI -2.6% premarket.
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  • Sep. 24, 2013, 11:32 AM
    • Nissan (NSANY.OB) announces that Apple iTunes Radio will be offered in several new 2014 models to mark the first major deal for the service with an automaker.
    • Though the news isn't likely to move the meter on Apple too much, it could have some impact on Sirius XM radio (SIRI, LMCA) which would just as soon have deals with all the large automakers locked up.
    | 4 Comments
  • Sep. 12, 2013, 1:39 PM
    • Barnes & Noble (BKS -1.4%) Chairman Leonard Riggio is easily re-elected but doesn't give investors much of an idea on where the company's digital strategy is heading.
    • Things got a little testy during the open mike Q&A with investors when  Leonard Riggio was asked why he didn't buy the company's retail stores. Riggio cut the inquiries short by saying he didn't have to explain his rationale.
    • "Look, no one is happy with Nook," said Liberty Media's (LMCA) Gregory Maffei. His firm holds 17% of BKS, but his sentiment is probably echoed by a majority of shareholders.
    | 1 Comment
  • Aug. 29, 2013, 11:10 AM
    • A lawyer for a group of shareholders is making the claim that John Malone of Liberty Media (LMCA +0.6%) improperly used a $530M investment to land control of Sirius XM Radio (SIRI +0.8%).
    • The case in a nutshell: "Malone wanted to enjoy all the economic benefits of being a controlling shareholder without having any of the responsibilities."
    | 9 Comments
  • Aug. 28, 2013, 12:29 PM
    • A decision by Starz (LMCA, STRZA) to approve lush new severance packages for top execs could rekindle speculation the media company will try to sell itself.
    • Shares trade near their 6-month highs, but increased chatter could bring a takeout premium into play.
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  • Jul. 19, 2013, 3:37 AM
    Charter Communications (CHTR) is reportedly working with Goldman Sachs to acquire Time Warner Cable (TWC) in a move that's part of an attempt by John Malone, whose Liberty Media (LMCA) owns 27% in Charter, to rebuild his U.S. cable empire. Buying TWC, which rebuffed Malone's maneuvering earlier this year, would be a stretch for Charter, due to its high debt and its market cap of$12.6B vs TWC's $33.14B. Notwithstanding, TWC shares jumped 8% in AH trading.
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  • Jul. 8, 2013, 12:01 PM
    Sirius XM Radio (SIRI, LMCA) might have less to fear from Pandora and Apple than some make out due to competitive advantages the company has in place. For one, the broad Sirius XM Radio two-month free trial subscription initiated this summer is already very popular with dealers.
    | 1 Comment
  • Jul. 1, 2013, 12:55 PM
    Wunderlich thinks Cablevision (CVC +9%) is worth at least $25 per share in a potential acquisition by Liberty Media (LMCA +0.4%) or Time Warner Cable (TWC -1%). The investment firm thinks the large stake held by the Dolan family tip the scales in the favor of Liberty Media if a bidding war breaks out.
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  • Jun. 30, 2013, 1:50 AM
    Time Warner Cable (TWC) has reportedly contacted Cablevision (CVC) and Cox Cable about buying them as TWC looks to grow through acquisitions rather than be bought by John Malone's Liberty Media (LMCA), which owns 27% of Charter Communications (CHTR). While talks with Cox and Cablevision haven't led too far, the latter's founder and Chairman, 86-year Chuck Dolan, could be ready to sell. As for Liberty, TWC believes a tie-up for Charter would add too much debt and it is skeptical about prospective synergies.
    | 4 Comments
  • Jun. 27, 2013, 2:26 PM
    More on Liberty Media's hunt for Time Warner Cable: (previous): A bid to purchase the cable operator is being structured by John Malone's company even though Time Warner Cable (TWC +4.2%) hasn't indicated serious interest. Analysts see Time Warner Cable wanting at least a 20% premium before it warms up to the notion. The end game for Liberty Media (LMCA +2.4%) is to increase its scale through horizontal acquisitions which could be achieved bringing Charter Communications and TWC under the same corporate umbrella.
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  • Jun. 27, 2013, 1:44 PM
    Cable stock frenzy: Shares of Time Warner Cable (TWC +7.8%) spike higher off of a Bloomberg headline indicating Liberty Media (LMCA +2.5%) is interesting in making a bid. Cablevision (CVC +7.8%) and Charter Communications (CHTR +5.9%) are also on the move.
    | 2 Comments
  • Jun. 26, 2013, 3:41 PM
    Evercore Partners thinks Time Warner Cable (TWC +4.6%) could land a hefty premium in a merger with Charter Communications. Talks between Liberty Media (LMCA +1.5%)  - which holds 27% of Charter - and Time Warner Cable were reported two weeks ago.
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  • Jun. 24, 2013, 11:11 AM
    Sirius XM Radio (SIRI, LMCA) is on the radar of some investors with estimates on automobile sales being lifted slightly higher by industry analysts to give Sirius even more upside potential. Last week, the company struck a deal with Ford to equip all vehicles from the automaker with the MySXM and SiriusXM On Demand features of SiriusXM Internet Radio. Despite the presence of new heavyweight Internet radio players, Sirius is still well-positioned.
    | 1 Comment
  • Jun. 17, 2013, 11:45 AM
    Deutsche Bank's Doug Mitchelson doesn't think Charter Communications (CHTR +1.6%) and Time Warner Cable (TWC -2.1%) can complete a deal that would pay TWC shareholders in the $110-$125 range. Instead, the analyst believes TWC shareholders would have to receive a price closer to $146 in order to satisfy the board. Also in the mix is Liberty Media (LMCA +0.7%) with its 27% stake in Charter.
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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