liberty media
Inside Liberty Media’s Investor Meeting, Where Comedy Bits Mingled With Hard Data
Liberty Media’s annual investor meeting represents an opportunity for Chairman of the Board and legendary investor John Malone to present a ‘State of the Union’ on a portfolio that now includes roughly one-third of Live Nation, 80% satellite radio giant SiriusXM and more e-commerce, communications and entertainment companies. And along with the requisite financial information and optimistic portrayals of its portfolio companies’ futures, this year’s edition, held Nov. 18, also showcased the company’s sense of humor. Held at the Times Center, a block away from Times Square, in Manhattan, this year’s event drew a few hundred investors and analysts – fewer than usual, according to one attendee, possibly because “a lot of investors moved to Miami.” Outside the theater, atte...
Liberty Media Revenue Gains on SiriusXM Strength
In terms of operating income, SiriusXM posted a 66 percent gain to $634 million and the Braves swung from a $33 million loss to a $31 million profit. Formula One’s operating loss narrowed from $136 million to $43 million. Liberty Media, led by CEO Greg Maffei, saw its total operating income hit $622 million for the three months ending June 30, compared with $214 million in the year-ago period. Revenue rose from $1.91 billion to $2.88 billion. Said Maffei: “SiriusXM executed well, produced outstanding results and recently increased their 2021 guidance. They continue to repurchase stock, and Liberty’s ownership is now over 78 percent. He added: “Formula 1 is delivering across the board — on the track, for our fans, teams, partners and investors — and has done an impressive job steering throu...
Liberty Media CEO Greg Maffei’s 2020 Pay Rises to $47.1 Million
The bulk of his overall compensation last year continued to come from option awards, stock awards and a non-equity incentive plan. Maffei’s 2019 compensation had jumped thanks to a new employment contract that boosted his option awards from $8.8 million to $27.8 million. His option awards dipped to $24.98 million in 2020. Liberty Media in its regulatory filing also disclosed the annual pay for chairman Malone, which amounted to $1.09 million. He had made $1.4 million in 2019, $1.1 million in 2018, $797,082 in 2017 and $747,156 in 2016. Liberty recently reported 2020 revenue of $9.4 billion, down from $10.3 billion, and a loss of $1.4 billion, compared with 2019 earnings of $106 million. Maffei recently suggested that streaming giant Amazon would drive an accelerated push by Big Tech ...
Liberty Media SPAC Raised $575M With Last Week’s Public Offering
Liberty Media Acquisition Corporation, the special purpose acquisition corporation of Liberty Media Corp. raised $575 million in its Jan. 22 initial offering on the Nasdaq exchange, the company announced Tuesday (Jan. 26). Liberty Media Corp. owns a majority of SiriusXM and about a third of Live Nation. Trading under LMACU, Liberty’s SPAC will “identify, acquire and operate” a business with “attractive risk-adjusted returns” within Liberty’s comfort zone: “digital media, media, music, entertainment, communications, telecommunications and technology industries,” according to the prospectus filed with the SEC on Jan. 21. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful p...
Top Music Execs & Their Employees Aren’t Donating to the Same Political Candidates
“I don’t love that [Phil] supports all these right wing causes, but his political beliefs are so far detached from the work we do and our company values,” explains one high ranking executive, who notes that despite being very conservative, Anschutz supports LGBT causes and has given millions to groups some describe as being left of center. Employees at Liberty Media, which owns SiriusXM, Pandora and a 35% stake in Live Nation, for the first time ever have given more money to Democratic candidates than Republican ones. In 2020, individuals at the company gave $209,374 to Democrats and $92,485 to Republicans — more than a 2-1 margin. Back in 2016, Democrats only received $134,636 while $385,700 was spent on Republican candidates, while in 2012, only $12,500 was spent on Democrats with ...
