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Liberty Media Corp (LMCA)

- NASDAQ
  • Nov. 5, 2014, 12:49 PM
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  • 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
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  • 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.
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  • Mar. 14, 2014, 9:20 AM
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  • Jan. 27, 2014, 5:40 PM
    | 5 Comments
  • Jan. 6, 2014, 8:39 AM
    • Shares of Sirius XM Radio (SIRI) race 7.8% higher to $3.85 in premarket trading following an offer late Friday from Liberty Media (LMCA) to take over the company in a deal which values the company at $3.68 per share.
    • In a conference call with analysts, execs said if the deal is completed it would allow Liberty to start buying back shares at an increased pace.
    | 8 Comments
  • Jan. 3, 2014, 6:24 PM
    • After coming off a halt, Sirius XM (SIRI) is trading at $3.75 after hours in the wake of Liberty Media's (LMCA) offer to assume full ownership of the satellite radio owner.
    • That represents a 5% gain from Sirius' closing price of $3.57, and is 1.9% above the $3.68/share buyout price implied by Liberty's all-stock offer. Some Sirius shareholders might be betting on a better offer arriving.
    • Liberty shares are up 0.5% AH.
    | 37 Comments
  • Jan. 3, 2014, 4:51 PM
    • Liberty Media (LMCA), which already owns a majority stake in Sirius XM (SIRI), is proposing to make Sirius a 100%-owned subsidiary through an all-stock deal. (PR)
    • Liberty proposes to have each Sirius converted into a 0.076 new Liberty Series C shares, and then distribute, on a 2:1 basis, Series C shares to all holders of Liberty's Series A and B shares.
    • The exchange ratio values Sirius at $3.68/share based on Liberty's Friday close; that's an $0.11, or 3%, premium to Sirius' closing price of $3.57.
    • Sirius' public shareholders would own 39% of the new company, which (based on current prices) stands to have a market cap of $27B.
    • Sirius shares are halted. CC at 5PM ET.
    | 93 Comments
  • Oct. 10, 2013, 3:25 PM
    • Media stocks outperform the broad market with comments from Liberty Media's (LMCA +2.5%) John Malone on the monetization possibilities in the industry not hurting the festive mood one little bit.
    • If Malone is to be believed, new forms of content distribution will lead to riches across the sector.
    • Advancers: Time Warner Cable (TWC) +5.6%, Charter Communications (CHTR) +3.9%, CenturyLink (CTL) +3.3%, CBS (CBS) +3.9%, Netflix (NFLX) +5.5%.
    • Liberty Media Analyst Day webcast
    • Related ETFS: PBS
    | 5 Comments
  • 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. 10, 2013, 3:02 PM
    Shares of Sirius XM Radio (SIRI, LMCA) turn lower, now down 2.3%, as more details on the iTunes radio are unveiled. The Apple service will be integrated into some new cars which could cut into subscriptions totals for Sirius.
    | 7 Comments
  • May 15, 2013, 5:53 PM
    After-hours top gainers, as of 5:30 p.m.: CSCO +8.5%. TSLA +5.1%. LMCA +4.9%. ABX +3.7%. GOLD +3.7%.
    After-hours top losers: NQ -8.3%. CASH -4.9%. ACXM -3.9%. MBTF -3.3%. CTSH -3.2%.
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  • Apr. 30, 2013, 7:34 AM
    More on Sirius XM Radio (SIRI): The company says its total paid subscriber base increased 9% Y/Y to reach 24.4M as the resurgence of the U.S. automobile industry helps bring in first-time subscribers. Subscriber acquisition costs per gross addition declined during the period. At the end of the quarter, free cash flow stood at $142M. Guidance for 2013 is for total net subscriber adds of 1.4M and revenue of over $3.7B. SIRI +1.0% premarket. (PR)
    | 5 Comments
  • Mar. 18, 2013, 12:47 PM
    Shares of Charter Communications (CHTR +8.4%) are under a trading halt after jetting higher on reports of a potential purchase by Liberty Media (LMCA -1%) of a sizable stake in the company.
    | 1 Comment
  • Jan. 14, 2013, 2:07 PM
    Shares of Starz (STRZA) rise 9.7% in their Nasdaq debut after spinning off from Liberty Media (LMCA +1%). The company - which boasts about 55M subscribers for its Starz, Encore, and Movieplex channels - is considered by analysts to be a juicy target for a large media company.
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  • Dec. 4, 2012, 2:24 PM
    Shares of Liberty Media (LMCA -5%) slump after the Netflix-Disney deal is announced. Traders are betting the partnership will be negative for LMCA property Starz.
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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