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Liberty Media Corp (LMCA)

  • 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. 4, 2012, 6:45 PM
    While the newspaper industry has been decimated by the Internet, the TV industry has been mostly unscathed. But that may be changing, thinks Henry Blodget, after reviewing recent Nielsen data. Cable ratings have fallen sharply since July, and a Nielsen global survey found a 700 bps Y/Y drop in the number of respondents claiming to have watched TV at home in the last month. Other data suggests TV viewing is holding up well.
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  • Jun. 1, 2012, 10:56 AM
    Like a cat playing with a still-breathing mouse, Liberty Media (LMCA -1.6%) CEO Greg Maffei tells CNBC that the company isn't in a rush to make a final decision on how big its stake in Sirius XM Radio (SIRI -1.0%) will ultimately grow to and that he would like to see Mel Karmazin stay on as CEO of Sirius.
  • May. 31, 2012, 2:41 PM
    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.
  • May. 31, 2012, 9:35 AM
    Liberty Media (LMCA +0.3%) asks the FTC to reconsider its refusal to allow the company to take control of Sirius XM Radio (SIRI +1.2%). Liberty increased its holding in the satellite radio company to 46.2% from 40% earlier this month. (previous)
  • May. 25, 2012, 8:58 AM
    At the top of Goldman Sachs' VIP List of 50 stocks most important to hedge funds is Apple (AAPL), followed by GOOG, ESRX, MSFT, QCOM, C, GM, PCLN, JPM and LMCA. Leading the list of the firm's top 50 short positions is JNJ, XOM, INTC, IBM, AMZN, T, CVX, VZ, DUK and DIS.
  • May. 16, 2012, 8:49 AM
    Liberty Media (LMCA) upped its holding in Live Nation Entertainment (LYV) to 48.7M shares, or more than 25% of the concert promotion giant's outstanding shares, from ~20%, according to an SEC filing. Liberty has received regulatory clearance to own as much as 35% of LYV, whose shares are +4% premarket.
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  • May. 10, 2012, 6:56 AM
    Liberty Media (LMCA) keeps its chase for Sirius XM (SIRI) moving forward with more purchases that edge it closer to majority control, according to a 13D filed with the SEC. The latest buys - 16M shares at $2.137 and 44.35M shares at $2.126 - increase Liberty's stake in Sirius up to 46.2%.
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  • May. 8, 2012, 12:33 PM
    Liberty Media (LMCA +1.1%) may pursue a spinoff of its newly-upped stake in Sirius XM (SIRI -1.4%) if the FCC backs its latest request for control of the company, according to a report from the WSJ.
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  • May. 8, 2012, 11:47 AM
    Liberty Media (LMCA +0.5%) closes a deal to buy 302M shares of Sirius XM (SIRI -2.7%) at $2.15 a pop to take its stake up to 45.2%. The move follows a string of maneuvers by Liberty aimed at gaining "de facto" control of Siri.
  • May. 4, 2012, 6:22 PM
    The FCC dismisses Liberty Media's (LMCA) application for approval to take de facto control of Sirius XM (SIRI). Liberty, which owns preferred shares convertible into a 40% stake in SIRI, was unable to obtain the necessary passwords and other info needed to file the application electronically, which rendered the application "unacceptable."
  • Apr. 3, 2012, 9:13 AM
    While Sirius XM Radio (SIRI) shares have jumped 7% in the past two sessions on speculation that Liberty Media (LMCA) will buy out the company, Canaccord Genuity doesn't think it will happen. "LMCA can monetize its stake without increasing it," the firm says, adding it would "be surprised if LMCA spent $1.5B for an additional 10% after getting 40% for less than half that."
  • Apr. 1, 2012, 4:35 AM
    Sirius (SIRI) is in a fight for its independence, and has asked the FTC to "dismiss or deny" an application from Liberty Media (LMCA) to take "de facto" control of the satellite broadcaster, Sirius said on Friday. Liberty has preferred stock convertible into 40%, which it received when it lent several hundred million dollars to Sirius in 2009. (previous)
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  • Mar. 30, 2012, 10:34 AM
    Shares of Sirius XM (SIRI +4.3%) show a pesky gain after reports swirl around that Liberty Media (LMCA +1.1%) is closing in on adding to its ownership stake in the company and vying to gain "de facto" control of some Sirius' licenses and assets via an investor agreement between the firms.
  • Mar. 27, 2012, 12:58 PM
    Though bullish on Sirius XM's (SIRI -0.5%) business prospects, Morgan Stanley thinks the good news is now priced into both shares and analyst estimates. As a result, the firm recommends investors looking for exposure buy shares of Liberty Media (LMCA), which owns 40% of Sirius via convertible preferred stock. Morgan estimates Sirius accounts for 48% of LMCA's pre-tax net asset value. (previously)
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  • Feb. 29, 2012, 4:05 PM
    Sirius XM (SIRI +1.4%) finishes the day higher after Citigroup says that Liberty Media (LMCA +0.5%) may acquire an 80% stake in the company. Citi believes an 80% ownership by Liberty would allow Sirius to use its cash flow to retire the remaining 20% of public float over next four years.
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Company Description
Liberty Media Corporation through its subsidiaries owns interest in media, communication and entertainment businesses.
Sector: Services
Country: United States