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 […]
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 […]
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 […]
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 […]
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.
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 […]
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.
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.
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 […]
Liberty Media has raised its stake in US satellite radio broadcaster Sirius XM to 48%
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.
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.