In December 2019, it was reported that media group Liberty Media was seeking to increase its stake in radio and streaming group iHeartMedia – possibly to a level that would give it control […]
Tag: Liberty Media
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Liberty Media boss: ‘Music is somewhat of a commodity…’
Liberty Media is the company that owns a majority stake in satellite-radio firm SiriusXM – and thus Pandora – alongside various other assets (Formula One racing included). In its latest […]
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Report suggests Liberty Media is eyeing up iHeartMedia
US media group iHeartMedia – which includes radio-streaming service iHeartRadio – filed for bankruptcy earlier this year, and has since been plotting a path to reduce its debts and exit […]
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UMG financials impress as Liberty Media eyes sell-off stake
Media group Vivendi published its latest financial results yesterday, including figures for Universal Music Group. UMG’s revenues were up 13.3% year-on-year to just under €1.5bn (around $1.73bn). For UMG’s recorded-music business, the […]
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Liberty Media offers $1.16bn for 40% iHeartMedia stake
US radio group iHeartMedia is battling to restructure its debts in order to avoid bankruptcy, and its latest potential saviour is a fascinating one: Liberty Media.
That’s the same Liberty Media that’s the majority owner of satellite-radio firm SiriusXM, which recently acquired a $480m stake in Pandora, which competes directly with iHeartMedia’s iHeartRadio service.
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Rumours still flying about a Pandora acquisition
The prospect of someone acquiring Pandora – and specifically satellite-radio firm Sirius XM acquiring Pandora – has been making headlines again this weekend. CNBC claimed that Pandora “is now open […]
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Liberty Media boss cool on streaming economics
Rumours that Liberty Media subsidiary Sirius XM may bid for Pandora continue to rumble, yet Liberty CEO Greg Maffei has concerns about the business models around streaming music.
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SiriusXM financials see significant rise in profits
US satellite-radio firm SiriusXM has reported a big rise in net profits for the company’s latest quarterly financials. Its revenues grew by 10% year-on-year to $1.2bn in the second quarter of 2016, but its net income rose 68% to $173m.
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Liberty Media approached Vivendi over possible UMG sale
Universal Music Group is not currently up for sale – if anything, its parent company Vivendi’s focus on its music division has sharpened since it sold off telco SFR and […]
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Liberty Media raises stake in Sirius XM
Liberty Media has raised its stake in US satellite radio broadcaster Sirius XM to 48%
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Ad networks and domain registrar targeted in piracy case
In our earlier story about Liberty Media’s lawsuit against Hotfile, we mentioned the way it targets payments firm PayPal too, for doing business with Hotfile.
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Sirius XM makes new debt offer
Sirius XM – former rivals in US digital radio now working together as a single unit – is offering USD $250 million of debt to pay off Liberty Media, the company that saved Sirius XM from bankruptcy earlier in the year by making an investment in the outfit.