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Liberty Media Corp (LMCA)

  • Sep. 17, 2012, 5:48 PM
    Liberty Media (LMCA) moves a step closer to full control after it converts around 6.25M shares of Sirius XM (SIRI) B-1 preferred stock, giving it 49.5% stake in SIRI. LMCA +1.2%.
    | Sep. 17, 2012, 5:48 PM | 3 Comments
  • Sep. 13, 2012, 6:48 AM
    Liberty Media (LMCA) considers its options as it nears full control of Sirius XM Radio (SIRI). Shareholders hoping for a quick spinoff of the satellite radio company may have to wait a bit with Liberty Media CEO Greg Maffei saying "no rush" exists.
    | Sep. 13, 2012, 6:48 AM | 1 Comment
  • Sep. 12, 2012, 8:41 AM
    Liberty Media (LMCA) takes another small step to controlling Sirius XM (SIRI), buying another 31M shares at $2.49 each and increasing its stake to 49.7% from 49.2%. Based on Sirius' close of $2.50 yesterday, Liberty only needs to spend another $50M or so to breach 50%, although it's still awaiting approval from the FCC to take outright control.
    | Sep. 12, 2012, 8:41 AM | 9 Comments
  • Aug. 29, 2012, 4:56 AM
    Liberty Media (LMCA) inches ever closer to obtaining full control of Sirius (SIRI), increasing its stake in the satellite radio company over the last few days to 48.8% from 48.1% by acquiring 40M shares for $2.53 each. The purchases come as Liberty awaits FCC approval to take control of Sirius.
    | Aug. 29, 2012, 4:56 AM | 1 Comment
  • Aug. 24, 2012, 8:09 AM
    Shares of Sirius XM Radio (SIRI) have had a nice little run, supposedly helped in part by the expectation that Liberty Media (LMCA) will jam a bigger buyback program down its throat after grabbing control of the company. Though it's a common take on the Street, it doesn't quite make sense to Jeff Sica of Sica Wealth Management. "Investors anticipating that Liberty will just sweep in and unlock the value of the company and generate share appreciation are a little bit premature."
    | Aug. 24, 2012, 8:09 AM | 2 Comments
  • Aug. 22, 2012, 5:24 PM
    A judge has denied a request from Sirius XM (SIRI) shareholders to stop Liberty Media (LMCA) from acquiring a controlling stake via further share purchases. Last week, Liberty filed an application with the FCC to be granted de jure control of Sirius. (more)
    | Aug. 22, 2012, 5:24 PM | 3 Comments
  • Aug. 20, 2012, 3:16 PM
    Liberty Media (LMCA +1.9%) trades higher as it plays a waiting game with the FCC to see if can land "de facto" control of Sirius XM Radio (SIRI +0.6%). Despite all the hyperbole from Mel Karmazin about working for a boss again, Wunderlich Securities bets he stays on board if Liberty gets the green light.
    | Aug. 20, 2012, 3:16 PM | 3 Comments
  • Aug. 17, 2012, 5:37 PM
    Liberty Media (LMCA) takes the final step, and files an Application for Consent to Transfer of De Jure Control with the FCC to take control of Sirius XM (SIRI). In the Application, LMCA indicates that it intends to purchase sufficient additional shares of Sirius (SIRI) common stock such that, upon conversion of its Preferred Shares, it will own more than 50% of the total outstanding shares of the company.
    | Aug. 17, 2012, 5:37 PM | 21 Comments
  • Aug. 15, 2012, 9:37 AM
    Liberty Media (LMCA +0.5%), so tantalizing close to controlling Sirius XM Radio (SIRI +1.4%) that it can smell it, has analysts buzzing over the potential of mixing in Sirius to its existing stable of businesses. Though the company has stakes in Barnes & Noble, concert player Live Nation, and cable TV company Discover Communications - it's best known for structuring complicated tax-advantaged deals. What does LMCA have up its sleeve?
    | Aug. 15, 2012, 9:37 AM | 7 Comments
  • Aug. 15, 2012, 4:03 AM
    Liberty Media (LMCA) edges nearer to taking control of Sirius XM (SIRI) by increasing its stake to 48% from 46.2%. Last week, Liberty CEO Greg Maffei said he wants to recoup some the cash his firm has spent on buying Sirius shares, saying that the latter should borrow money to repurchase stock or pay dividends.
    | Aug. 15, 2012, 4:03 AM | 2 Comments
  • Aug. 14, 2012, 3:14 PM
    Is it possible that Sirius XM (SIRI +0.9%) is close to initiating a share buyback that would put Liberty Media (LMCA +0.1%) in control? That's the question posed by SA author Crunching Numbers after sizing up the $400M senior note offering the company floated last week. Liberty doesn't want over 80% of the Sirius because that would trigger a loss of tax credits, but a 50.01% stake would probably suit it just fine.
    | Aug. 14, 2012, 3:14 PM | 2 Comments
  • Aug. 8, 2012, 7:58 AM
    Liberty Media (LMCA) plans to spin off its Starz business to shareholders to help unleash value. The premium subscription channel had 20.7M subscribers at the end of Q2.
    | Aug. 8, 2012, 7:58 AM | Comment!
  • Jul. 13, 2012, 5:12 AM
    Liberty (LMCA) Chairman John Malone says Sirius (SIRI) needs to invest in developing the "next generation or two of (its) service," including the Internet version, and on globalizing. Malone also says he wants Sirius to use its substantial cash flow to return money to Liberty.
    | Jul. 13, 2012, 5:12 AM | 7 Comments
  • Jul. 10, 2012, 9:53 AM
    With all eyes on Sirius XM Radio, it's the other side of the potential merger that looks enticing to Canaccord Genuity as it rates Liberty Media (LMCA +0.3%) an enticing buying opportunity. Analyst Thomas Eagan crunches the numbers to find $7 to $12 upside following a LMCA-SIRI marriage.
    | Jul. 10, 2012, 9:53 AM | Comment!
  • Jun. 25, 2012, 6:18 PM
    Liberty Media (LMCA) +1.1% AH after stating a New York jury has awarded it €765M ($956M) in damages in a breach of contract and fraud suit against Vivendi (VIVHY.PK). The suit relates to a stock swap accompany Vivendi's 2001 purchase of USA Network from Liberty Media. (PR)
    | Jun. 25, 2012, 6:18 PM | Comment!
  • Jun. 15, 2012, 8:30 AM
    The closer Liberty Media (LMCA) gets to landing control of Sirius XM Radio (SIRI), the harder CEO Mel Karmazin seems to fight to maintain independence. Though on the surface it appears the exec's resistance is tied to his utter disdain for working for someone else, another variable in the equation is that a decent portion of his personal wealth is tied up in shares. So while the company rolls out Satellite Radio 2.0, Karmazin joins other investors in wondering if they will see SIRI $2.0 again?
    | Jun. 15, 2012, 8:30 AM | 5 Comments
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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