F1 owner Liberty Media is buying MotoGP. The €3.5bn deal will see Dorna Sports, the commercial and television rights holder of MotoGP, remain an independently run company included in Liberty Media’s Formula One Group tracking stock. Carmelo Ezpeleta, who has been CEO since 1994, will remain in his position and continue to run the business […]
As expected, Liberty Media and pay-radio broadcaster SiriusXM confirmed their transaction changes on December 12th. Liberty was already the largest and controlling shareholder in SiriusXM. The transaction will result in New SiriusXM being an independent public company, with no majority stockholder, a single class of shares and a board comprising a majority of independent directors. […]
Pay-radio operator SiriusXM says it will boost its quarterly cash dividend to shareholders by 10 per cent. Sirius XM Holdings Inc, the parent company, announced that its Board of Directors declared a quarterly cash dividend of $0.0266 per share reflecting an increase of approximately 10 per cent over the previous quarter’s dividend. This regular quarterly […]
Liberty Media, which already controls US pay-radio service SiriusXM, plans to combine the two businesses, and then spin-off the radio company in a typical move by cable giant John Malone. The proposed scheme aims to spin off (or “split off”, in the words of the proposal) the then Liberty SiriusXM Group or LSXM, the group […]
Two major Class Actions are naming Liberty Media and CEO Greg Maffei in their allegations. One Class Action by shareholders in TripAdvisor, itself with a major shareholder in the shape of Liberty Media, can proceed with their lawsuit. The claim centres on a move by TripAdvisor from its existing Delaware domicile to Nevada and alleged […]
North American pay-radio giant SiriusXM saw a 1.9 per cent fall in its Q1 revenues to $2.14 billion (€1.95bn). It ended the quarter with 34.02 million paid subscribers with 347,000 net additions. Specifically, SiriusXM enjoyed revenues of $1.7 billion (the balance of the $2.14 billion coming mostly from its Pandora streaming service at $462 million). […]
Pay-radio operator SiriusXM is cutting its workforce by 8 per cent affecting some 475 positions. SiriusXM’s CEO Jennifer Witz used an email to staff saying that the layoffs come as SiriusXM is “entering into a new phase” of its business on top of “today’s uncertain economic environment.” In November 2022 Witz said that SiriusXM as […]
Liberty Media is taking its Formula 1 Grand Prix circus to Las Vegas next season. A 3.8 mile (6.12 km) spectacular circuit will be created for a 50-lap race sweeping past the neon lights of the Vegas ‘strip’ and speeds down the straits of some 212 mph (342 km/h). The race joins Miami and Austin […]
Formula 1 has released its annual audience figures, which show viewership trends comparing well to other sports that were affected by shutdowns caused by the coronavirus pandemic. Despite the fact that the revised 2020 season had four fewer races than 2019, Formula 1 maintained a strong audience position with an average audience per Grand Prix […]
The rumour mill surrounding the departure of Jim Meyer, CEO at pay-radio operator SiriusXM and the broadcaster’s CFO (David Frear) announced at the same time, has ramped up in earnest. One influential analyst, Jessica Reif Ehrlich from the Bank of America, describes the changes as a “significant shake-up” and says that a move by John […]