Is Atlanta Braves Holdings, Inc. (BATRK) Stock Outpacing Its Conglomerates Peers This Year?
- Here is how Atlanta Braves Holdings (BATRK) and Federal Signal (FSS) have performed compared to their sector so far this year.
- 09/19/2024
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Is Atlanta Braves Holdings, Inc. (BATRK) Outperforming Other Conglomerates Stocks This Year?
- Here is how Atlanta Braves Holdings (BATRK) and Federal Signal (FSS) have performed compared to their sector so far this year.
- 09/03/2024
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Has Atlanta Braves Holdings, Inc. (BATRK) Outpaced Other Conglomerates Stocks This Year?
- Here is how Atlanta Braves Holdings (BATRK) and Federal Signal (FSS) have performed compared to their sector so far this year.
- 08/15/2024
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Atlanta Braves Holdings (BATRK) Upgraded to Buy: Here's Why
- Atlanta Braves Holdings (BATRK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 08/14/2024
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Atlanta Braves Holdings (BATRK) Tops Q2 Earnings Estimates
- Atlanta Braves Holdings (BATRK) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to loss of $0.55 per share a year ago.
- 08/08/2024
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Atlanta Braves: Good Start To The Year And Good Transactions
- The Q1 financial performance for Atlanta Braves Holdings matched the teams' hot start to the season, 4th best record in the National League. Baseball revenue was steady, real estate growth has been strong, with losses slightly higher due to player salaries and expenses. Comparable transactions in baseball and basketball show the Braves' valuation is laughably cheap, with the potential for a future sale due to high team values in other leagues.
- 06/24/2024
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Three reasons to invest in the Atlanta Braves and avoid Disney
- On today's segment of Good Buy or Goodbye, host Julie Hyman is joined by Gabelli Funds CO-CIO Chris Marangi to navigate the best stock picks for investors within the sports media sector. Marangi names Atlanta Braves Holdings (BATRK) as a stock to buy, higlighting "There are very few opportunities to own sports assets in the public market.
- 05/22/2024
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Wall Street Analysts Believe Atlanta Braves Holdings (BATRK) Could Rally 26.29%: Here's is How to Trade
- The average of price targets set by Wall Street analysts indicates a potential upside of 26.3% in Atlanta Braves Holdings (BATRK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 04/01/2024
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Atlanta Braves (BATRK): Strong Industry, Solid Earnings Estimate Revisions
- Atlanta Braves (BATRK) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/27/2024
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Bears are Losing Control Over Atlanta Braves Holdings (BATRK), Here's Why It's a 'Buy' Now
- After losing some value lately, a hammer chart pattern has been formed for Atlanta Braves Holdings (BATRK), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
- 03/15/2024
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The Liberty Braves Group (BATRA) Q4 2023 Earnings Call Transcript
- The Liberty Braves Group (BATRA) Q4 2023 Earnings Call Transcript
- 02/28/2024
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Buffett's latest portfolio additions, trims, and cuts in Q3
- Warren Buffett is widely regarded as the most well-known, famous, and successful investor of all time. As such, his investment decisions and changes to his holdings are closely monitored and highly anticipated by the investing community.
- 11/16/2023
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Here's Warren Buffett's stock portfolio changes
- Berkshire Hathaway (NYSE: BRKA, BRKB) announced to the Security and Exchange Commission (SEC) its Q3 re port on Tuesday, November 14, which tells an interesting story of new acquisitions, reductions, and exits from holdings.
- 11/15/2023
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The Liberty Braves Group (BATRA) Q3 2023 Earnings Call Transcript
- The Liberty Braves Group (NASDAQ:BATRA ) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Shane Kleinstein - Vice President, Investor Relations Gregory Maffei - President and Chief Executive Officer Stefano Domenicali - President and Chief Executive Officer of Formula One Brian Wendling - Chief Accounting and Principal Financial Officer Renee Wilm - Chief Legal and Admin Officer, Liberty Broadband Derek Schiller - President and CEO of the Atlanta Braves Conference Call Participants David Karnovsky - JPMorgan Benjamin Swinburne - Morgan Stanley Bryan Kraft - Deutsche Bank Vijay Jayant - Evercore Stephen Laszczyk - Goldman Sachs Stephen Glagola - TD Cowen David Joyce - Seaport Research Partners Jason Bazinet - Citi Barton Crockett - Rosenblatt Securities Operator Welcome to the Liberty Media Corporation's 2023 Q3 Earnings Call. [Operator Instructions] As a reminder, this conference will be recorded November 3.
- 11/03/2023
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Week Of 08/28 Notable Insider Buys
- Energy Transfer LP, Cassava Sciences, and PENN Entertainment Inc. were discussed in last week's insider trades update. CEO of Sirius XM Holdings Inc., Jennifer Witz, purchased 250,000 shares for over $1 million. Lyft, Inc. shares have risen nearly 20% since the introduction of new CEO David Risher in April, and insiders like the stock also.
- 09/05/2023
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Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call and Website Postings of Upcoming Media Appearances
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call and Website Postings of Upcoming Media Appearances.
- 07/10/2023
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Why small cap sports franchises Liberty Braves and Madison Square Garden Sports are stocks to watch
- # Boyar Value Group President Jonathan Boyar spoke with Yahoo Finance Live anchors Julie Hyman and Brad Smith about why he likes small cap sports franchises such as the Liberty Braves and Madison Square Garden Sports.
- 06/27/2023
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Liberty Braves: A Catalyst-Driven Home Run
- The Atlanta Braves represent a unique and scarce asset with significant brand value, offering potential for market-beating returns upon a sale of the team. Recent sales of sports teams suggest the Braves could be worth between 6-9x revenue, offering upside potential for investors. Risks include chronic stagnation of the share price in the absence of a sale and potential negative impacts from exogenous events, such as COVID-19.
- 06/21/2023
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Liberty Media Corporation to Hold Virtual Annual Meeting of Stockholders
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) will be holding its virtual Annual Meeting of Stockholders on Tuesday, June 6, 2023 at 8:00 a.m. M.T. Stockholders of record as of the record date will be able to listen, vote and submit questions pertaining to the annual meeting by logging in at www.virtualshareholdermeeting.com/LMC2023. The record date for the meeting is 5:00 p.m., New York City time, on April 10, 2023. Stockholders will need the 16-digit control number that is printed in the box marked by the arrow on the stockholder’s proxy card or Notice of Internet Availability of Proxy Materials for the Liberty Media meeting to enter the virtual annual meeting website. A technical support number will become available at the virtual meeting link 10 minutes prior to the scheduled meeting time. In addition, access to the meeting will be available on the Liberty Media website. All interested persons should visit https://www.libertymedia.com/investors/news-events/ir-calendar to access the webcast. An archive of the webcast will also be available on this website after appropriate filings have been made with the SEC. About Liberty Media Corporation Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include Liberty Media Corporation’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporation’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1 and other minority investments.
- 05/09/2023
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Liberty Media Corporation Reports First Quarter 2023 Financial Results
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation ("Liberty Media" or “Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today reported first quarter 2023 results. Headlines include(1): Targeting completion of planned split-off of Atlanta Braves Holdings, Inc. and reclassification of tracking stocks to create Liberty Live Group tracking stock by end of second quarter 2023 Attributed to Liberty SiriusXM Group SiriusXM reported first quarter 2023 operating and financial results First quarter 2023 revenue of $2.14 billion; down 2% year-over-year Net income of $233 million, down from $309 million in 2022; diluted EPS of $0.06 Adjusted EBITDA(2) of $625 million and free cash flow(2) of $144 million SiriusXM increased full-year adjusted EBITDA and free cash flow guidance on April 27th Liberty Media’s ownership of SiriusXM was 82.9% as of April 25th Issued $575 million of 3.75% LSXMA convertible senior notes and used proceeds, along with cash on hand, to repurchase $591 million aggregate principal of 1.375% cash convertible notes and $112 million aggregate adjusted principal of 2.125% exchangeable senior debentures SiriusXM reported first quarter 2023 operating and financial results First quarter 2023 revenue of $2.14 billion; down 2% year-over-year Net income of $233 million, down from $309 million in 2022; diluted EPS of $0.06 Adjusted EBITDA(2) of $625 million and free cash flow(2) of $144 million SiriusXM increased full-year adjusted EBITDA and free cash flow guidance on April 27th First quarter 2023 revenue of $2.14 billion; down 2% year-over-year Net income of $233 million, down from $309 million in 2022; diluted EPS of $0.06 Adjusted EBITDA(2) of $625 million and free cash flow(2) of $144 million SiriusXM increased full-year adjusted EBITDA and free cash flow guidance on April 27th Liberty Media’s ownership of SiriusXM was 82.9% as of April 25th Issued $575 million of 3.75% LSXMA convertible senior notes and used proceeds, along with cash on hand, to repurchase $591 million aggregate principal of 1.375% cash convertible notes and $112 million aggregate adjusted principal of 2.125% exchangeable senior debentures Attributed to Formula One Group Announced multiple updates to sponsorship agreements, including extending MSC Cruises as Global Partner, welcoming Puma as Official Provider of F1’s sporting apparel and naming Paramount+ and Liqui Moly as Official Partners Extended agreement with ESPN to broadcast F1 in Latin America and Caribbean through 2025 Las Vegas Grand Prix Paddock Building construction at 60% completion with expected occupancy by end of September Formula 1 leverage at quarter-end of 2.2x will trigger permanent reduction in existing Term Loan B margin from 3.25% to 3.00% Formula One Group paid $202 million in exchange for the cancellation of 3.1 million notional FWONA shares underlying intergroup interest held at Liberty SiriusXM Group corresponding to the portion of 1.375% cash convertible notes repurchased Announced multiple updates to sponsorship agreements, including extending MSC Cruises as Global Partner, welcoming Puma as Official Provider of F1’s sporting apparel and naming Paramount+ and Liqui Moly as Official Partners Extended agreement with ESPN to broadcast F1 in Latin America and Caribbean through 2025 Las Vegas Grand Prix Paddock Building construction at 60% completion with expected occupancy by end of September Formula 1 leverage at quarter-end of 2.2x will trigger permanent reduction in existing Term Loan B margin from 3.25% to 3.00% Formula One Group paid $202 million in exchange for the cancellation of 3.1 million notional FWONA shares underlying intergroup interest held at Liberty SiriusXM Group corresponding to the portion of 1.375% cash convertible notes repurchased Attributed to Braves Group Braves home opener on April 6th drew 42,000 fans, largest home opener crowd in Truist Park history Braves home opener on April 6th drew 42,000 fans, largest home opener crowd in Truist Park history “We are progressing well on the split-off of the Atlanta Braves and the creation of the Liberty Live Group tracking stock,” said Greg Maffei, Liberty Media President and CEO. “SiriusXM navigated a difficult auto and ad market backdrop in the first quarter, but we are confident in their improving trajectory for the remainder of the year evidenced by management increasing 2023 adjusted EBITDA and free cash flow guidance. The Formula 1 season is underway and fans are tuning in across platforms. Arrangements for the Las Vegas Grand Prix are ramping up, with the Paddock Building construction and track preparations progressing on-time and in-line with our capex expectations. The Atlanta Braves are seeing strong trends in ticket sales and concessions early in the season.” Discussion of Results Unless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2023 to the same period in 2022. LIBERTY SIRIUSXM GROUP – The following table provides the financial results attributed to Liberty SiriusXM Group for the first quarter of 2023. In the first quarter, approximately $14 million of corporate level selling, general and administrative expense (including stock-based compensation expense) was allocated to the Liberty SiriusXM Group. 1Q22 1Q23 % Change amounts in millions Liberty SiriusXM Group Revenue SiriusXM $ 2,186 $ 2,144 (2 )% Total Liberty SiriusXM Group $ 2,186 $ 2,144 (2 )% Operating Income (Loss) SiriusXM 493 387 (22 )% Corporate and other (9 ) (14 ) (56 )% Total Liberty SiriusXM Group $ 484 $ 373 (23 )% Adjusted OIBDA (Loss) SiriusXM 690 625 (9 )% Corporate and other (5 ) (11 ) (120 )% Total Liberty SiriusXM Group $ 685 $ 614 (10 )% SiriusXM is a separate publicly traded company and additional information about SiriusXM can be obtained through its website and filings with the Securities and Exchange Commission. SiriusXM reported its stand-alone first quarter results on April 27, 2023. For additional detail on SiriusXM’s financial results for the first quarter, please see SiriusXM’s earnings release posted to its Investor Relations website. For presentation purposes on page one of this release, we include the results of SiriusXM, as reported by SiriusXM, without regard to the purchase accounting adjustments applied by us for purposes of our financial statements. Liberty Media believes the presentation of financial results as reported by SiriusXM is useful to investors as the comparability of those results is best understood in the context of SiriusXM's historical financial presentation. The businesses and assets attributed to Liberty SiriusXM Group consist primarily of Liberty Media’s interests in SiriusXM, which includes its subsidiary Pandora, and an investment in Live Nation. FORMULA ONE GROUP – The following table provides the financial results attributed to the Formula One Group for the first quarter of 2023. In the first quarter, the Formula One Group incurred approximately $16 million of corporate level selling, general and administrative expense (including stock-based compensation expense). “The F1 season is off to a fantastic start, with thrilling races to-date and many more to come on our record 23-race 2023 calendar. The race weekends are drawing huge crowds, with the Australian Grand Prix hosting 445,000 fans and sellouts for the majority of the remaining calendar,” said Stefano Domenicali, Formula 1 President and CEO. “The power of our platform continues to draw interest also from commercial partners, with a number of new and expanded sponsors already announced season-to-date.” 1Q22 1Q23 amounts in millions Formula One Group Revenue Formula 1 $ 360 $ 381 Total Formula One Group $ 360 $ 381 Operating Income (Loss) Formula 1 $ 34 $ 35 Corporate and other (15 ) (19 ) Total Formula One Group $ 19 $ 16 Adjusted OIBDA (Loss) Formula 1 $ 122 $ 117 Corporate and other (10 ) (12 ) Total Formula One Group $ 112 $ 105 The following table provides the operating results of Formula 1 (“F1”). F1 Operating Results 1Q22 1Q23 % Change amounts in millions Primary Formula 1 revenue $ 287 $ 314 9 % Other Formula 1 revenue 73 67 (8 )% Total Formula 1 revenue $ 360 $ 381 6 % Operating expenses (excluding stock-based compensation): Team payments (100 ) (112 ) (12 )% Other cost of Formula 1 revenue (95 ) (94 ) 1 % Cost of Formula 1 revenue $ (195 ) $ (206 ) (6 )% Selling, general and administrative expenses (43 ) (58 ) (35 )% Adjusted OIBDA $ 122 $ 117 (4 )% Depreciation and Amortization(a) (88 ) (82 ) 7 % Operating income (loss) $ 34 $ 35 3 % Number of races in period 2 2 a) Includes $81 million and $74 million of amortization related to purchase accounting as of March 31, 2022 and March 31, 2023, respectively, that is excluded from calculations for purposes of team payments. Primary F1 revenue represents the majority of F1’s revenue and is derived from (i) race promotion revenue, (ii) media rights fees and (iii) sponsorship fees. There were two races held in the first quarter of both 2022 and 2023. There are 23 events scheduled for the 2023 race calendar. Primary F1 revenue increased in the first quarter with growth across media rights, race promotion and sponsorship. Media rights revenue increased due to continued growth in F1 TV subscription revenue and increased fees under new and renewed contractual agreements. Race promotion revenue grew due to contractual increases in fees, and sponsorship revenue increased due to the recognition of revenue from new sponsors and growth in revenue from existing sponsors. Other F1 revenue decreased in the first quarter primarily due to lower freight income driven by the easing of freight cost inflation on billing rates, partially offset by increased hospitality revenue from higher Paddock Club attendance. Operating income was relatively flat and adjusted OIBDA(2) decreased in the first quarter. Team payments were higher compared to the prior year due to the pro rata recognition of increased payments across the race season. Other cost of F1 revenue is largely variable in nature and is mostly derived from servicing both Primary and Other F1 revenue opportunities. These costs were relatively flat, as significantly lower freight costs were largely offset by increased Paddock Club costs associated with servicing higher hospitality attendance at the two events held in the first quarter, and higher commissions and partner servicing costs associated with increased Primary F1 revenue streams, including F1 TV subscriptions. Selling, general and administrative expense increased in the first quarter due to higher personnel, IT and marketing costs. There were approximately $6 million of costs associated with the planning of the Las Vegas Grand Prix included in selling, general and administrative expense in the first quarter of 2023. The Liberty SiriusXM Group has an approximate 0.4% intergroup interest (1.1 million notional shares) in the Formula One Group attributed to it as of April 30, 2023. These shares are not included in the outstanding share count of Formula One Group in Liberty Media’s most recent Form 10-Q. Assuming the issuance of the shares underlying this intergroup interest, the Formula One Group outstanding share count as of April 30, 2023 would have been 235 million. The businesses and assets attributed to the Formula One Group consist of Liberty Media’s subsidiary F1, other minority investments and an intergroup interest in the Braves Group. BRAVES GROUP - The following table provides the financial results attributed to the Braves Group for the first quarter of 2023. In the first quarter, approximately $6 million of corporate level selling, general and administrative expense (including stock-based compensation expense) was allocated to the Braves Group. 1Q22 1Q23 amounts in millions Braves Group Revenue Corporate and other $ 23 $ 31 Operating Income (Loss) Corporate and other $ (40 ) $ (49 ) Adjusted OIBDA (Loss) Corporate and other $ (19 ) $ (31 ) The following table provides the operating results of Braves Holdings, LLC (“Braves”). 1Q22 1Q23 % Change amounts in millions Baseball revenue $ 11 $ 18 64 % Mixed-use development revenue 12 13 8 % Total revenue 23 31 35 % Operating expenses (excluding stock-based compensation included below): Operating expenses (23 ) (39 ) (70 )% Selling, general and administrative expenses (17 ) (18 ) (6 )% Adjusted OIBDA $ (17 ) $ (26 ) (53 )% Stock-based compensation (2 ) (2 ) — % Depreciation and Amortization (18 ) (15 ) 17 % Operating income (loss) $ (37 ) $ (43 ) (16 )% Number of home games in period — — Baseball revenue is derived from two primary sources: (i) ballpark event revenue (ticket sales, concessions, advertising sponsorships, suites and premium seat fees) and (ii) broadcasting revenue (including national and local broadcast rights). Mixed-use development revenue is derived from the Battery Atlanta mixed-use facilities and primarily includes rental income. In December 2021, the Collective Bargaining Agreement (“CBA”), which requires MLB clubs to sign players using a uniform contract, expired and MLB commenced a lockout of the Major League players. As a result of the lockout, the start of the 2022 regular season was delayed and the number of spring training games played was reduced. The start of the 2023 season was not impacted by these factors and a full spring training schedule took place. No regular season home games were played in the first quarter of 2023 nor the prior year period. Baseball revenue increased in the first quarter due to more spring training home games and additional special events held at the ballpark compared to the prior year period. Development revenue increased during the first quarter due to increases in rental income related to tenant recoveries. Operating income and adjusted OIBDA decreased in the first quarter. Revenue growth was more than offset by increased operating costs due to higher player salaries, as player salary expense was not recognized in the prior year period due to the delayed start of the season, as well as higher levels of MLB shared expenses, baseball operations expenses and facility and game day expenses for spring training games. Selling, general and administrative expense increased modestly due to increased promotion and marketing initiatives and higher personnel costs. The Formula One Group has an approximate 11.0% intergroup interest (6.8 million notional shares) and the Liberty SiriusXM Group has an approximate 2.9% intergroup interest (1.8 million notional shares) in the Braves Group attributed to them as of April 30, 2023. These shares are not included in the outstanding share count of the Braves Group in Liberty Media’s most recent Form 10-Q. Assuming the issuance of the shares underlying these intergroup interests, the Braves Group outstanding share count as of April 30, 2023 would have been 62 million. The businesses and assets attributed to the Braves Group consist primarily of Liberty Media’s subsidiary the Braves, which indirectly owns the Atlanta Braves Major League Baseball Club and certain assets and liabilities associated with the Braves’ ballpark and mixed-use development. Share Repurchases There were no repurchases of Liberty Media’s common stock (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) from February 1, 2023 through April 30, 2023. The total remaining repurchase authorization for Liberty Media as of May 1, 2023 is approximately $1.1 billion and can be applied to repurchases of common shares of any of the Liberty Media Corporation tracking stocks. FOOTNOTES 1) Liberty Media will discuss these headlines and other matters on Liberty Media's earnings conference call that will begin at 9:30 a.m. (E.T.) on May 5, 2023. For information regarding how to access the call, please see “Important Notice” later in this document. 2) For definitions of Adjusted OIBDA (as defined by Liberty Media) and adjusted EBITDA and free cash flow (as defined by SiriusXM) and applicable reconciliations see the accompanying schedules. NOTES The following financial information with respect to Liberty Media's equity affiliates and available for sale securities is intended to supplement Liberty Media's condensed consolidated balance sheet and statement of operations to be included in its Form 10-Q for the period ended March 31, 2023. Fair Value of Corporate Public Holdings (amounts in millions) 12/31/2022 3/31/2023 Liberty SiriusXM Group Live Nation Investment(a) 4,857 4,875 Total Liberty SiriusXM Group $ 4,857 $ 4,875 Formula One Group Other Monetizable Public Holdings(b) 80 172 Total Formula One Group $ 80 $ 172 Braves Group N/A N/A Total Liberty Media $ 4,937 $ 5,047 a) Represents the fair value of the equity investment in Live Nation. In accordance with GAAP, Liberty Media accounts for its investment in the equity of Live Nation using the equity method of accounting and includes it in its condensed consolidated balance sheet at $158 million and $157 million as of December 31, 2022 and March 31, 2023, respectively. b) Represents the carrying value of other public holdings that are accounted for at fair value. Includes approximately $126 million of exchange-traded funds as of March 31, 2023 that are expected to be contributed to Liberty Live Group upon the reclassification of the tracking stocks. Excludes intergroup interests. Fair Value of Intergroup Assets and Liabilities The intergroup interests represent quasi-equity interests which are not represented by outstanding shares of common stock; rather, the Formula One Group and Liberty SiriusXM Group have attributed interests in the Braves Group, which are generally stated in terms of a number of shares of Liberty Braves common stock, and the Liberty SiriusXM Group also has an attributed interest in the Formula One Group, which is generally stated in terms of a number of shares of Liberty Formula One common stock. Each reporting period, the notional shares representing the intergroup interests are marked to fair value. The changes in fair value are recorded in the unrealized gains (losses) on the intergroup interest line item in the unaudited attributed condensed consolidated statements of operations. In connection with the previously announced split-off of Atlanta Braves Holdings, Inc., the intergroup interests in the Braves Group attributed to Liberty SiriusXM Group and Formula One Group will be settled and extinguished in connection with the split-off. The Braves Group will attribute shares of New BATRA and New BATRK to Liberty SiriusXM Group and Formula One Group, respectively, on a one-for-one basis equal to the number of notional shares representing the intergroup interest attributed to each immediately prior to the split-off. Following the split-off: (i) Liberty SiriusXM Group intends to deliver the shares of New BATRA to and exchange such New BATRA shares with one or more third party lenders for satisfaction of certain debt obligations of Liberty SiriusXM Group and (ii) the new BATRK shares attributed to Formula One Group will be distributed on a pro rata basis to Formula One Group common shareholders. The intergroup interest in the Formula One Group attributed to Liberty SiriusXM Group will be settled and extinguished through the attribution of cash prior to the split-off. Attributed as of March 31, 2023 Liberty Formula SiriusXM Braves One Group Group Group (amounts in millions) Notional Shares Value Notional Shares Value Notional Shares Value Braves Group intergroup interests(a) 1.8 $ 63 (8.6) $ (291 ) 6.8 $ 228 Formula One Group intergroup interest(a) 1.1 $ 71 (1.1) $ (71 ) a) During the three months ended March 31, 2023, Formula One Group paid $202 million to Liberty SiriusXM Group to settle and extinguish 3.1 million notional shares underlying the portion of the intergroup interest in the Formula One Group held by Liberty SiriusXM Group as a result of the repurchase of a portion of the 1.375% cash convertible notes due 2023. Cash and Debt The following presentation is provided to separately identify cash and debt information. (amounts in millions) 12/31/2022 3/31/2023 Cash and Cash Equivalents Attributable to: Liberty SiriusXM Group(a) $ 362 $ 430 Formula One Group(b) 1,733 1,584 Braves Group(c) 151 215 Total Consolidated Cash and Cash Equivalents (GAAP) $ 2,246 $ 2,229 Debt: SiriusXM senior notes(d) $ 8,750 $ 8,750 Pandora convertible senior notes(e) 193 118 1.375% cash convertible notes due 2023(f) 790 199 3.75% convertible notes due 2028(f) — 575 2.125% SiriusXM exchangeable senior debentures due 2048(f) 387 275 2.75% SiriusXM exchangeable senior debentures due 2049(f) 586 586 0.5% Live Nation exchangeable senior debentures due 2050(f) 920 920 SiriusXM margin loan 875 875 Live Nation margin loan — — Other subsidiary debt(g) 580 710 Total Attributed Liberty SiriusXM Group Debt $ 13,081 $ 13,008 Unamortized discount, fair market value adjustment and deferred loan costs 62 (108 ) Total Attributed Liberty SiriusXM Group Debt (GAAP) $ 13,143 $ 12,900 1% cash convertible notes due 2023(f) 27 — 2.25% convertible notes due 2027(f) 475 475 Formula 1 term loan and revolving credit facility 2,425 2,420 Other corporate level debt 63 63 Total Attributed Formula One Group Debt $ 2,990 $ 2,958 Fair market value adjustment (43 ) — Total Attributed Formula One Group Debt (GAAP) $ 2,947 $ 2,958 Formula 1 leverage(h) 2.7x 2.2x Atlanta Braves debt 546 542 Total Attributed Braves Group Debt $ 546 $ 542 Deferred loan costs (4 ) (4 ) Total Attributed Braves Group Debt (GAAP) $ 542 $ 538 Total Liberty Media Corporation Debt (GAAP) $ 16,632 $ 16,396 a) Includes $57 million and $53 million of cash held at SiriusXM as of December 31, 2022 and March 31, 2023, respectively. b) Includes $752 million and $1,043 million of cash held at F1 as of December 31, 2022 and March 31, 2023, respectively. c) Excludes restricted cash held in reserves pursuant to the terms of various financial obligations of $22 million and $30 million as of December 31, 2022 and March 31, 2023, respectively. d) Outstanding principal amount of Senior Notes or Term Loan with no reduction for the net unamortized discount. e) During the three months ended March 31, 2023, certain investors exercised their right to require a Special Repurchase, as defined in the indenture governing the Pandora convertible senior notes, and Pandora repurchased $75 million principal amount of such notes with cash for an aggregate purchase price equal to 100% of the principal amount of the notes repurchased plus accrued and unpaid interest to the date of repurchase. f) Face amount of the convertible notes and exchangeable debentures with no fair market value adjustment. g) Includes SiriusXM revolving credit facility and term loan. h) Net debt to covenant OIBDA ratio of F1 operating business as defined in F1’s credit facilities for covenant calculations. Liberty Media, SiriusXM, F1 and the Braves are in compliance with their debt covenants as of March 31, 2023. Total cash and cash equivalents attributed to Liberty SiriusXM Group increased $68 million in the first quarter as net debt repayment at Liberty SiriusXM Group (described below) and return of capital at SiriusXM were more than offset by cash received from the settlement of a portion of the Formula One Group intergroup interest held at Liberty SiriusXM Group (described below), cash from operations at SiriusXM and borrowings under the revolving credit facility at SiriusXM. Included in the cash and cash equivalents balance attributed to Liberty SiriusXM Group at March 31, 2023 is $53 million held at SiriusXM. Although SiriusXM is a consolidated subsidiary, it is a separate public company with a non-controlling interest, therefore Liberty Media does not have ready access to SiriusXM’s cash balance. Liberty SiriusXM Group received $77 million of dividends from SiriusXM during the quarter. Total debt attributed to Liberty SiriusXM Group decreased $73 million during the quarter. During the first quarter, Liberty SiriusXM Group issued $575 million aggregate principal amount of 3.75% LSXMA convertible notes due 2028 and used net proceeds of the offering, together with cash on hand, to repurchase (i) $591 million aggregate principal amount of its 1.375% cash convertible notes due 2023 and (ii) $112 million aggregate adjusted principal amount of its 2.125% exchangeable debentures due 2048, for a total cost of $774 million. In addition to proceeds from the convertible notes, Liberty SiriusXM Group received (i) $39 million of net proceeds from the settlement of the bond hedge and warrants related to the portion of the 1.375% cash convertible notes repurchased and (ii) $202 million of cash from the Formula One Group in exchange for the cancellation of 3.1 million notional shares underlying a portion of the intergroup interest in the Formula One Group held by Liberty SiriusXM Group (equivalent to the FWONA common stock underlying the portion of the 1.375% cash convertible notes repurchased). In addition, subsequent to quarter end in April 2023, Liberty SiriusXM Group paid $275 million to settle the remaining amount outstanding of its 2.125% exchangeable debentures due 2048, which was funded with cash on hand. Total cash and cash equivalents attributed to the Formula One Group decreased $149 million during the quarter as cash from operations at F1 was more than offset by $202 million paid to Liberty SiriusXM Group in exchange for the cancellation of 3.1 million FWONA shares underlying the intergroup interest (described above), $120 million of exchange-traded funds purchased that are expected to be attributed to the Liberty Live Group after the completion of the previously announced reclassification of tracking stocks and capital expenditures related to the Las Vegas Grand Prix. Total debt at Formula One Group decreased $32 million in the first quarter primarily due to the January 2023 settlement of the remaining 1% FWONK cash convertible notes. Pursuant to F1’s credit facilities agreement, the margin on its existing Term Loan B will be permanently reduced from 3.25% to 3.00% after the first quarter as a result of F1’s leverage as defined in its credit facilities for covenant calculations falling below a certain threshold. Total cash and cash equivalents attributed to the Braves Group increased $64 million during the quarter due to cash from operations. Total debt attributed to the Braves Group decreased $4 million during the first quarter primarily due to repayment under the ballpark senior secured note. Important Notice: Liberty Media Corporation (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) will discuss Liberty Media's earnings release on a conference call which will begin at 9:30 a.m. (E.T.) on May 5, 2023. The call can be accessed by dialing (877) 704-2829 or (215) 268-9864, passcode 13736371 at least 10 minutes prior to the start time. The call will also be broadcast live across the Internet and archived on our website. To access the webcast go to https://www.libertymedia.com/investors/news-events/ir-calendar. Links to this press release will also be available on the Liberty Media website. This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies, market potential, future financial performance and prospects, the Las Vegas Grand Prix, our proposed split-off and reclassification of tracking stocks, the continuation of our stock repurchase plan and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, possible changes in market acceptance of new products or services, regulatory matters affecting our businesses, the unfavorable outcome of pending or future litigation, the failure to realize benefits of acquisitions, the satisfaction of conditions to the proposed split-off and reclassification of tracking stocks, rapid technological and industry change, failure of third parties to perform, continued access to capital on terms acceptable to Liberty Media and changes in law, including consumer protection laws, and their enforcement. These forward-looking statements speak only as of the date of this press release, and Liberty Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Media's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Media, including the most recent Forms 10-K and 10-Q, for additional information about Liberty Media and about the risks and uncertainties related to Liberty Media's business which may affect the statements made in this press release. LIBERTY MEDIA CORPORATION BALANCE SHEET INFORMATION March 31, 2023 (unaudited) Attributed Liberty Formula SiriusXM Braves One Intergroup Consolidated Group Group Group Eliminations Liberty amounts in millions Assets Current assets: Cash and cash equivalents $ 430 215 1,584 — 2,229 Trade and other receivables, net 587 23 91 — 701 Other current assets 366 62 278 — 706 Total current assets 1,383 300 1,953 — 3,636 Intergroup interests 134 — 228 (362 ) — Investments in affiliates, accounted for using the equity method 862 94 37 — 993 Property and equipment, at cost 2,926 1,021 616 — 4,563 Accumulated depreciation (1,742 ) (292 ) (112 ) — (2,146 ) 1,184 729 504 — 2,417 Intangible assets not subject to amortization Goodwill 15,209 176 3,956 — 19,341 FCC licenses 8,600 — — — 8,600 Other 1,242 124 — — 1,366 25,051 300 3,956 — 29,307 Intangible assets subject to amortization, net 1,060 28 3,083 — 4,171 Other assets 529 67 1,217 (4 ) 1,809 Total assets $ 30,203 1,518 10,978 (366 ) 42,333 Liabilities and Equity Current liabilities: Intergroup payable (receivable) $ 35 (2 ) (33 ) — — Accounts payable and accrued liabilities 1,229 66 318 — 1,613 Current portion of debt 608 75 23 — 706 Deferred revenue 1,307 191 655 — 2,153 Other current liabilities 80 5 35 — 120 Total current liabilities 3,259 335 998 — 4,592 Long-term debt 12,292 463 2,935 — 15,690 Deferred income tax liabilities 2,046 46 — (4 ) 2,088 Redeemable intergroup interests — 291 71 (362 ) — Other liabilities 596 147 136 — 879 Total liabilities 18,193 1,282 4,140 (366 ) 23,249 Equity / Attributed net assets 8,920 229 6,813 — 15,962 Noncontrolling interests in equity of subsidiaries 3,090 7 25 — 3,122 Total liabilities and equity $ 30,203 1,518 10,978 (366 ) 42,333 LIBERTY MEDIA CORPORATION STATEMENT OF OPERATIONS Three months ended March 31, 2023 (unaudited) Attributed Liberty Formula SiriusXM Braves One Consolidated Group Group Group Liberty amounts in millions Revenue: Sirius XM Holdings revenue $ 2,144 — — 2,144 Formula 1 revenue — — 381 381 Other revenue — 31 — 31 Total revenue 2,144 31 381 2,556 Operating costs and expenses, including stock-based compensation: Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): Revenue share and royalties 700 — — 700 Programming and content(1) 150 — — 150 Customer service and billing(1) 122 — — 122 Other(1) 52 — — 52 Cost of Formula 1 revenue (exclusive of depreciation shown separately below) — — 206 206 Subscriber acquisition costs 90 — — 90 Other operating expenses(1) 79 39 — 118 Selling, general and administrative(1) 385 26 75 486 Impairment, restructuring and acquisition costs, net of recoveries 32 — — 32 Depreciation and amortization 161 15 84 260 1,771 80 365 2,216 Operating income (loss) 373 (49 ) 16 340 Other income (expense): Interest expense (136 ) (9 ) (51 ) (196 ) Share of earnings (losses) of affiliates, net (7 ) (1 ) (2 ) (10 ) Realized and unrealized gains (losses) on financial instruments, net 2 (1 ) (47 ) (46 ) Unrealized gains (losses) on intergroup interests 54 (13 ) (41 ) — Other, net 3 1 10 14 (84 ) (23 ) (131 ) (238 ) Earnings (loss) before income taxes 289 (72 ) (115 ) 102 Income tax (expense) benefit (69 ) 13 6 (50 ) Net earnings (loss) 220 (59 ) (109 ) 52 Less net earnings (loss) attributable to the noncontrolling interests 37 — — 37 Net earnings (loss) attributable to Liberty stockholders $ 183 (59 ) (109 ) 15 (1) Includes stock-based compensation expense as follows: Programming and content 7 — — 7 Customer service and billing 1 — — 1 Other 1 — — 1 Other operating expenses 11 — — 11 Selling, general and administrative 28 3 5 36 Stock compensation expense $ 48 3 5 56 LIBERTY MEDIA CORPORATION STATEMENT OF OPERATIONS Three months ended March 31, 2022 (unaudited) Attributed Liberty Formula SiriusXM Braves One Consolidated Group Group Group Liberty amounts in millions Revenue: Sirius XM Holdings revenue $ 2,186 — — 2,186 Formula 1 revenue — — 360 360 Other revenue — 23 — 23 Total revenue 2,186 23 360 2,569 Operating costs and expenses, including stock-based compensation: Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): Revenue share and royalties 670 — — 670 Programming and content(1) 140 — — 140 Customer service and billing(1) 125 — — 125 Other(1) 54 — — 54 Cost of Formula 1 revenue (exclusive of depreciation shown separately below) — — 195 195 Subscriber acquisition costs 90 — — 90 Other operating expenses(1) 67 23 — 90 Selling, general and administrative(1) 404 22 56 482 Depreciation and amortization 152 18 90 260 1,702 63 341 2,106 Operating income (loss) 484 (40 ) 19 463 Other income (expense): Interest expense (122 ) (6 ) (29 ) (157 ) Share of earnings (losses) of affiliates, net (18 ) 4 — (14 ) Realized and unrealized gains (losses) on financial instruments, net 61 5 (7 ) 59 Unrealized gains (losses) on intergroup interests 20 1 (21 ) — Other, net 20 20 5 45 (39 ) 24 (52 ) (67 ) Earnings (loss) before income taxes 445 (16 ) (33 ) 396 Income tax (expense) benefit (101 ) 3 (2 ) (100 ) Net earnings (loss) 344 (13 ) (35 ) 296 Less net earnings (loss) attributable to the noncontrolling interests 56 — 9 65 Less net earnings (loss) attributable to redeemable noncontrolling interest — — (9 ) (9 ) Net earnings (loss) attributable to Liberty stockholders $ 288 (13 ) (35 ) 240 (1) Includes stock-based compensation expense as follows: Programming and content 8 — — 8 Customer service and billing 1 — — 1 Other 1 — — 1 Other operating expenses 8 — — 8 Selling, general and administrative 31 3 3 37 Stock compensation expense $ 49 3 3 55 LIBERTY MEDIA CORPORATION STATEMENT OF CASH FLOWS INFORMATION Three months ended March 31, 2023 (unaudited) Attributed Liberty Formula SiriusXM Braves One Consolidated Group Group Group Liberty amounts in millions Cash flows from operating activities: Net earnings (loss) $ 220 (59 ) (109 ) 52 Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: Depreciation and amortization 161 15 84 260 Stock-based compensation 48 3 5 56 Non-cash impairment and restructuring costs 8 — — 8 Share of (earnings) loss of affiliates, net 7 1 2 10 Unrealized (gains) losses on intergroup interests, net (54 ) 13 41 — Realized and unrealized (gains) losses on financial instruments, net (2 ) 1 47 46 Deferred income tax expense (benefit) 7 (8 ) (5 ) (6 ) Intergroup tax allocation 31 (5 ) (26 ) — Other charges (credits), net 4 1 (3 ) 2 Changes in operating assets and liabilities Current and other assets 46 27 (8 ) 65 Payables and other liabilities (157 ) 96 229 168 Net cash provided (used) by operating activities 319 85 257 661 Cash flows from investing activities: Investments in equity method affiliates and debt and equity securities (39 ) — (130 ) (169 ) Cash proceeds from dispositions — — 34 34 Capital expended for property and equipment, including internal-use software and website development (205 ) (14 ) (62 ) (281 ) Other investing activities, net 2 — (1 ) 1 Net cash provided (used) by investing activities (242 ) (14 ) (159 ) (415 ) Cash flows from financing activities: Borrowings of debt 1,479 — — 1,479 Repayments of debt (1,633 ) (4 ) (53 ) (1,690 ) Intergroup (repayments) borrowings 202 — (202 ) — Subsidiary shares repurchased by subsidiary (62 ) — — (62 ) Cash dividends paid by subsidiary (17 ) — — (17 ) Taxes paid in lieu of shares issued for stock-based compensation (15 ) (1 ) (8 ) (24 ) Other financing activities, net 37 6 14 57 Net cash provided (used) by financing activities (9 ) 1 (249 ) (257 ) Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash — — 2 2 Net increase (decrease) in cash, cash equivalents and restricted cash 68 72 (149 ) (9 ) Cash, cash equivalents and restricted cash at beginning of period 370 173 1,733 2,276 Cash, cash equivalents and restricted cash at end of period $ 438 245 1,584 2,267 Cash and cash equivalents $ 430 215 1,584 2,229 Restricted cash included in other current assets — 30 — 30 Restricted cash included in other assets 8 — — 8 Total cash and cash equivalents and restricted cash at end of period $ 438 245 1,584 2,267 LIBERTY MEDIA CORPORATION STATEMENT OF CASH FLOWS INFORMATION Three months ended March 31, 2022 (unaudited) Attributed Liberty Formula SiriusXM Braves One Consolidated Group Group Group Liberty amounts in millions Cash flows from operating activities: Net earnings (loss) $ 344 (13 ) (35 ) 296 Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: Depreciation and amortization 152 18 90 260 Stock-based compensation 49 3 3 55 Share of (earnings) loss of affiliates, net 18 (4 ) — 14 Unrealized (gains) losses on intergroup interests, net (20 ) (1 ) 21 — Realized and unrealized (gains) losses on financial instruments, net (61 ) (5 ) 7 (59 ) Deferred income tax expense (benefit) 39 (10 ) 26 55 Intergroup tax allocation 42 7 (49 ) — Other charges (credits), net (11 ) (20 ) (2 ) (33 ) Changes in operating assets and liabilities Current and other assets 21 23 (158 ) (114 ) Payables and other liabilities (238 ) 83 232 77 Net cash provided (used) by operating activities 335 81 135 551 Cash flows from investing activities: Investments in equity affiliates and debt and equity securities (1 ) (5 ) (3 ) (9 ) Cash proceeds from dispositions 50 47 — 97 Capital expended for property and equipment, including internal-use software and website development (97 ) (4 ) (10 ) (111 ) Other investing activities, net (42 ) — 76 34 Net cash provided (used) by investing activities (90 ) 38 63 11 Cash flows from financing activities: Borrowings of debt 1,740 15 — 1,755 Repayments of debt (1,204 ) (37 ) (1 ) (1,242 ) Liberty stock repurchases (202 ) — (37 ) (239 ) Subsidiary shares repurchased by subsidiary (206 ) — — (206 ) Cash dividends paid by subsidiary (201 ) — — (201 ) Taxes paid in lieu of shares issued for stock-based compensation (61 ) — 26 (35 ) Other financing activities, net 1 (4 ) 7 4 Net cash provided (used) by financing activities (133 ) (26 ) (5 ) (164 ) Effect of foreign exchange rates on cash, cash equivalents and restricted cash — — (2 ) (2 ) Net increase (decrease) in cash, cash equivalents and restricted cash 112 93 191 396 Cash, cash equivalents and restricted cash at beginning of period 606 244 2,074 2,924 Cash, cash equivalents and restricted cash at end of period $ 718 337 2,265 3,320 Cash and cash equivalents $ 710 311 2,265 3,286 Restricted cash included in other current assets — 12 — 12 Restricted cash included in other assets 8 14 — 22 Total cash and cash equivalents and restricted cash at end of period $ 718 337 2,265 3,320 NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTAL DISCLOSURES SCHEDULE 1 To provide investors with additional information regarding our financial results, this press release includes a presentation of Adjusted OIBDA, which is a non-GAAP financial measure, for the Liberty SiriusXM Group, the Braves Group and the Formula One Group, together with reconciliations to operating income, as determined under GAAP. Liberty Media defines Adjusted OIBDA as operating income (loss) plus depreciation and amortization, stock-based compensation, separately reported litigation settlements, restructuring, acquisition and other related costs and impairment charges. Liberty Media believes Adjusted OIBDA is an important indicator of the operational strength and performance of its businesses by identifying those items that are not directly a reflection of each business’ performance or indicative of ongoing business trends. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between businesses and identify strategies to improve performance. Because Adjusted OIBDA is used as a measure of operating performance, Liberty Media views operating income as the most directly comparable GAAP measure. Adjusted OIBDA is not meant to replace or supersede operating income or any other GAAP measure, but rather to supplement such GAAP measures in order to present investors with the same information that Liberty Media's management considers in assessing the results of operations and performance of its assets. The following table provides a reconciliation of Adjusted OIBDA for Liberty Media to operating income (loss) calculated in accordance with GAAP for the three months ended March 31, 2022 and March 31, 2023, respectively. QUARTERLY SUMMARY (amounts in millions) 1Q22 1Q23 Liberty SiriusXM Group Operating income $ 484 $ 373 Depreciation and amortization 152 161 Stock compensation expense 49 48 Impairment, restructuring and acquisition costs, net of recoveries(a) — 32 Adjusted OIBDA $ 685 $ 614 Formula One Group Operating income $ 19 $ 16 Depreciation and amortization 90 84 Stock compensation expense 3 5 Adjusted OIBDA $ 112 $ 105 Braves Group Operating income $ (40 ) $ (49 ) Depreciation and amortization 18 15 Stock compensation expense 3 3 Adjusted OIBDA $ (19 ) $ (31 ) Liberty Media Corporation (Consolidated) Operating income $ 463 $ 340 Depreciation and amortization 260 260 Stock compensation expense 55 56 Impairment, restructuring and acquisition costs, net of recoveries(a) — 32 Adjusted OIBDA $ 778 $ 688 (a) During the three months ended March 31, 2023, SiriusXM recorded $23 million associated with severance and other employee costs and $9 million primarily related to a vacated office space. These charges have been excluded from adjusted OIBDA. SCHEDULE 2 This press release also includes a presentation of adjusted EBITDA of SiriusXM, which is a non-GAAP financial measure used by SiriusXM, together with a reconciliation to SiriusXM's stand-alone net income, as determined under GAAP. SiriusXM defines adjusted EBITDA as net income before interest expense, income tax expense and depreciation and amortization. SiriusXM adjusts EBITDA to exclude the impact of other expense (income) as well as certain other charges discussed below. Adjusted EBITDA is a Non-GAAP financial measure that excludes or adjusts for (if applicable): (i) loss on extinguishment of debt, (ii) share-based payment expense, (iii) impairment, restructuring and acquisition costs, (iv) legal settlements/reserves and (v) other significant operating expense (income) that do not relate to the on-going performance of SiriusXM’s business. SiriusXM believes adjusted EBITDA is a useful measure of the underlying trend of its operating performance, which provides useful information about its business apart from the costs associated with its capital structure and purchase price accounting. SiriusXM believes investors find this Non-GAAP financial measure useful when analyzing past operating performance with current performance and comparing SiriusXM’s operating performance to the performance of other communications, entertainment and media companies. SiriusXM believes investors use adjusted EBITDA to estimate current enterprise value and to make investment decisions. As a result of large capital investments in SiriusXM’s satellite radio system, its results of operations reflect significant charges for depreciation expense. SiriusXM believes the exclusion of share-based payment expense is useful as it is not directly related to the operational conditions of its business. SiriusXM also believes the exclusion of the legal settlements and reserves, impairment, restructuring and acquisition related costs, and loss on extinguishment of debt, to the extent they occur during the period, is useful as they are significant expenses not incurred as part of its normal operations for the period. Adjusted EBITDA has certain limitations in that it does not take into account the impact to SiriusXM’s statements of comprehensive income of certain expenses, including share-based payment expense. SiriusXM endeavors to compensate for the limitations of the Non-GAAP measure presented by also providing the comparable GAAP measure with equal or greater prominence and descriptions of the reconciling items, including quantifying such items, to derive the Non-GAAP measure. Investors that wish to compare and evaluate SiriusXM’s operating results after giving effect for these costs, should refer to net income as disclosed in SiriusXM’s unaudited consolidated statements of comprehensive income. Since adjusted EBITDA is a Non-GAAP financial performance measure, SiriusXM’s calculation of adjusted EBITDA may be susceptible to varying calculations; may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance prepared in accordance with GAAP. The reconciliation of net income to the adjusted EBITDA is calculated as follows: Unaudited For the Three Months Ended March 31, 2022 2023 ($ in millions) Net income: $ 309 $ 233 Add back items excluded from Adjusted EBITDA: Impairment, restructuring and acquisition costs(a) — 32 Share-based payment expense 45 45 Depreciation and amortization 135 136 Interest expense 103 107 Other expense (income) (2 ) (3 ) Income tax (benefit) expense 100 75 Adjusted EBITDA $ 690 $ 625 (a) During the three months ended March 31, 2023, SiriusXM recorded $23 million associated with severance and other employee costs and $9 million primarily related to a vacated office space. These charges have been excluded from adjusted OIBDA. SCHEDULE 3 This press release also includes a presentation of free cash flow of SiriusXM, which is a non-GAAP financial measure used by SiriusXM, together with a reconciliation to SiriusXM's stand-alone cash flow provided by operating activities, as determined under GAAP. SiriusXM’s free cash flow is derived from cash flow provided by operating activities, net of additions to property and equipment and purchases of other investments. Free cash flow is a metric that SiriusXM’s management and board of directors use to evaluate the cash generated by its operations, net of capital expenditures and other investment activity. In a capital intensive business, with significant investments in satellites, SiriusXM looks at its operating cash flow, net of these investing cash outflows, to determine cash available for future subscriber acquisition and capital expenditures, to repurchase or retire debt, to acquire other companies and to evaluate its ability to return capital to stockholders. SiriusXM excludes from free cash flow certain items that do not relate to the on-going performance of its business, such as cash flows related to acquisitions, strategic and short-term investments and net loan activity with related parties and other equity investees. SiriusXM believes free cash flow is an indicator of the long-term financial stability of its business. Free cash flow, which is reconciled to "Net cash provided by operating activities," is a Non-GAAP financial measure. This measure can be calculated by deducting amounts under the captions "Additions to property and equipment" and deducting or adding Restricted and other investment activity from "Net cash provided by operating activities" from the unaudited consolidated statements of cash flows. Free cash flow should be used in conjunction with other GAAP financial performance measures and may not be comparable to free cash flow measures presented by other companies. Free cash flow should be viewed as a supplemental measure rather than an alternative measure of cash flows from operating activities, as determined in accordance with GAAP. Free cash flow is limited and does not represent remaining cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt maturities. SiriusXM believes free cash flow provides useful supplemental information to investors regarding its current cash flow, along with other GAAP measures (such as cash flows from operating and investing activities), to determine its financial condition, and to compare its operating performance to other communications, entertainment and media companies. Free cash flow is calculated as follows: Unaudited For the Three Months Ended March 31, 2022 2023 ($ in millions) Cash flow information Net cash provided by operating activities $ 355 $ 350 Net cash used in investing activities $ (142 ) $ (235 ) Net cash used in financing activities $ (328 ) $ (119 ) Free cash flow Net cash provided by operating activities $ 355 $ 350 Additions to property and equipment (97 ) (205 ) Purchases of other investments — (1 ) Free cash flow $ 258 $ 144
- 05/05/2023
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Liberty Media Corporation to Present at MoffettNathanson Media & Communications Summit
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) announced that Greg Maffei, President and CEO of Liberty Media Corporation, will be presenting at the MoffettNathanson Media & Communications Summit on Tuesday, May 16th at 3:00 p.m. E.T. in New York City. During his presentation, Mr. Maffei may make observations regarding the company's financial performance and outlook, as well as other forward looking matters. The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Media Corporation website at https://www.libertymedia.com/investors/news-events/ir-calendar to register for the webcast. An archive of the webcast will also be available on this website after appropriate filings have been made with the SEC. About Liberty Media Corporation Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include Liberty Media Corporation’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporation’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1 and other minority investments.
- 05/02/2023
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Liberty Media Corporation Announces First Quarter Earnings Release and Conference Call
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) will host a conference call to discuss results for the first quarter of 2023 on Friday, May 5th at 9:30 a.m. E.T. Before the open of market trading that day, Liberty Media will issue a press release reporting such results, which can be found at https://ir.libertymedia.com/news-events/press-releases. The press release and conference call may discuss Liberty Media’s financial performance and outlook, as well as other forward-looking matters. Please call InComm Conferencing at (877) 704-2829 or +1 (215) 268-9864, passcode 13736371, at least 10 minutes prior to the call. Callers will need to be on a touch-tone telephone to ask questions. The conference administrator will provide instructions on how to use the polling feature. In addition, the conference call will be broadcast live via the Internet. All interested participants should visit the Liberty Media website at https://www.libertymedia.com/investors/news-events/ir-calendar to register for the webcast. Links to the press release and replays of the call will also be available on the Liberty Media website. The conference call will be archived on the website after appropriate filings have been made with the SEC. About Liberty Media Corporation Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include Liberty Media Corporation’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporation’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1 and other minority investments.
- 04/06/2023
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Liberty Media Corporation Announces Quarterly Interest Payment and Excess Regular Additional Distribution on 2.125% Exchangeable Senior Debentures Due 2048
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of March 15, 2023 of its 2.125% Exchangeable Senior Debentures due 2048 (the “Debentures”). The amount of the quarterly interest payment is $5.3125 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distribution is $1.6459 per $1,000 original principal amount of Debentures. As of March 31, 2023, the aggregate adjusted principal amount outstanding is approximately $275 million, after giving effect to today’s quarterly interest payment. Capitalized terms used but not defined herein have the meaning given to them in the Indenture for the Debentures. Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced in an amount equal to each Extraordinary Additional Distribution that is made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive quarterly interest payment date to the extent necessary to cause the quarterly interest payment to represent the payment of an annualized yield of 2.125% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in a reduction to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution. To date, Liberty has made one Extraordinary Additional Distribution to holders of the Debentures. As previously announced, on March 4, 2022, Liberty made an Extraordinary Additional Distribution of $31.1731 per $1,000 original principal amount of Debentures, which was attributable to the special cash dividend paid on February 25, 2022 by Sirius XM Holdings Inc. (“SIRI”) to holders of its common stock of record as of the close of business on February 11, 2022. Reductions to the principal amount of the Debentures do not affect the amount of the quarterly interest payments received by holders of the Debentures, which will continue to be a rate equal to 2.125% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the quarterly interest payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount of the Debentures resulting from such payment, per $1,000 original principal amount of the Debentures: March 31, 2023 Beginning Adjusted Principal Payment Interest Payment of Principal March 31, 2023 Ending Adjusted Principal $968.3274 $5.3125 $5.1442 $0.1683 $968.1592 Liberty is also making an Excess Regular Additional Distribution to holders of the Debentures as of March 15, 2023 of $1.6459 per Debenture, which is attributable to the regular quarterly dividend paid by SIRI of $0.0242 per share on February 24, 2023. The payment of the Excess Regular Additional Distribution will not result in a reduction to the adjusted principal amount of the Debentures. The quarterly interest payment and Excess Regular Additional Distribution are expected to be made on March 31, 2023 to holders of record of the Debentures as of March 15, 2023. About Liberty Media Corporation Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include Liberty Media Corporation’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporation’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1 and other minority investments.
- 03/31/2023
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Liberty Media Announces Formula One Group Investor Q&A Session Webcast
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) will webcast a Formula One Group Q&A Session on Thursday, April 13, 2023 beginning at 5:00 p.m. ET. Liberty Media and F1 management will be available to answer questions. During the Q&A session, observations may be made regarding the company’s financial performance and outlook, as well as other forward looking matters. Stockholders will be able to submit questions in advance of the Q&A session. To submit a question, please email investor@libertymedia.com with the subject “Formula One Group Investor Question” by 5:00 p.m. ET on Thursday, April 6, 2023. The event will be broadcast live via the Internet. All interested persons should visit the Liberty Media Corporation website at https://www.libertymedia.com/investors/news-events/ir-calendar to register for the webcast. An archive of the webcast will also be available on this website after appropriate filings have been made with the SEC. About Liberty Media Corporation Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include Liberty Media Corporation’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporation’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1 and other minority investments.
- 03/30/2023
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Liberty Media Corporation Closes Private Offering of $575 Million of 3.75% Convertible Senior Notes Due 2028
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that it has closed its previously announced private offering of $575 million aggregate principal amount of its 3.75% convertible senior notes due 2028 (the “Notes”), including notes with an aggregate principal amount of $75 million issued pursuant to the exercise of an option granted to the initial purchasers, which was exercised in full. The Notes will be convertible into shares of Liberty’s Series A Liberty SiriusXM common stock (“LSXMA”), which may be settled at Liberty’s election in LSXMA, cash or a combination thereof. Prior to December 15, 2027, the Notes will be convertible at the option of holders only upon satisfaction of certain conditions and during certain periods, and on and after December 15, 2027, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Notes will have an initial conversion rate of 25.9000 shares of LSXMA per $1,000 principal amount of Notes, representing an initial conversion price of approximately $38.61 for each share of LSXMA, which represents a conversion premium of approximately 30% to the last reported sale price of $29.70 per share of LSXMA on the Nasdaq Global Select Market on March 7, 2023. The Notes will mature on March 15, 2028, unless earlier redeemed, repurchased or converted. Interest will be payable semi-annually in arrears on March 15 and September 15 of each year, commencing September 15, 2023. Liberty may redeem for cash all or any portion of the Notes (subject to certain limitations), at its option, on or after March 20, 2026, if the last reported sale price of LSXMA has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on the trading day immediately preceding the date on which Liberty provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Liberty expects to use the proceeds of the offering, together with the other cash amounts as described below, to repurchase a total of approximately $591 million in aggregate principal amount of Liberty’s existing 1.375% cash convertible notes due 2023 (the “1.375% Cash Convertible Notes”) and approximately $112 million in aggregate adjusted principal amount of Liberty’s existing 2.125% exchangeable senior debentures due 2048 at a cost of $774 million. In addition to the net proceeds of the offering, Liberty expects to use $39 million of net proceeds from the proportional termination and unwinding of the related bond hedges and warrants that Liberty entered into in connection with the issuance of the 1.375% Cash Convertible Notes and $170 million of cash attributed to Liberty SiriusXM Group, including cash to be received over time from the Liberty Formula One Group in connection with the settlement and extinguishment of approximately 3.1 million notional shares represented by the intergroup interest in the Liberty Formula One Group that is attributed to the Liberty SiriusXM Group (which is equivalent to the number of shares of Series A Liberty Formula One common stock underlying the repurchased 1.375% Cash Convertible Notes) to fund such repurchases. In connection with the offer and sale of the Notes, the repurchases of the 1.375% Cash Convertible Notes and the proportional termination and unwinding of the related bond hedges and warrants, certain financial intermediaries entered into various derivative and other transactions with respect to the shares of LSXMA, FWONA and BATRA and those financial intermediaries may purchase shares of LSXMA, FWONA and BATRA subsequent to the issuance of the Notes. The net effect of these activities could have caused an increase (or reduced the size of any decrease) in the market price of LSXMA (and of FWONA and BATRA) at the time of the pricing of the Notes and may continue to have an impact at such subsequent times, which may affect the trading price of the Notes. The Notes (and any shares of LSXMA issuable on conversion of the Notes) will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were offered by means of an offering memorandum solely to “Qualified Institutional Buyers” pursuant to, and as that term is defined in, Rule 144A of the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities nor shall there be any sale of any of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Forward-Looking Statements This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the use of proceeds. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as “possible,” “potential,” “intends” or “expects” or other words or phrases of similar import or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions. These forward-looking statements speak only as of the date of this press release, and Liberty expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty, including its most recent Annual Report on Form 10-K, for additional information about Liberty and about the risks and uncertainties related to Liberty’s business which may affect the statements made in this press release. About Liberty Media Corporation Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include Liberty Media Corporation’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporation’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1 and other minority investments.
- 03/10/2023
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Liberty Media Corporation Proposes Private Offering of Convertible Senior Notes
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that it intends to offer $500 million aggregate principal amount of convertible senior notes (the “Notes”) in a private offering. Liberty also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $75 million principal amount of Notes. The Notes will be convertible into shares of Liberty’s Series A Liberty SiriusXM common stock (“LSXMA”), which may be settled at Liberty’s election in LSXMA, cash or a combination thereof. The Notes, as well as the associated cash proceeds, will be attributed to the Liberty SiriusXM Group. The Notes will be senior, unsecured obligations of Liberty, and interest will be payable semi-annually in arrears. The interest rate, initial conversion rate and other terms of the Notes will be determined at the time of pricing of the offering. Liberty expects to use the net proceeds of the offering, together with cash on hand and borrowings under Liberty Siri MarginCo, LLC’s margin loan that are in each case attributed to the Liberty SiriusXM Group, to make repurchases of Liberty’s existing 1.375% cash convertible notes due 2023 (the “1.375% Cash Convertible Notes”) pursuant to individually privately negotiated transactions (the cost of which is expected to be partially offset by the proceeds from the proportional termination and unwinding of the related bond hedges and warrants that Liberty entered into in connection with the issuance of such notes), to settle exchanges or repurchases of, or to redeem, Liberty’s existing 2.125% exchangeable senior debentures due 2048 (the “2.125% Exchangeable Senior Debentures”) in accordance with the terms of the indenture governing such debentures, and for general corporate purposes. Liberty expects that the number of shares of LSXMA into which the Notes would be convertible will be less than the number of shares of LSXMA underlying the outstanding 1.375% Cash Convertible Notes, based on the last reported sale price of $31.44 per share of LSXMA on the Nasdaq Global Select Market on March 6, 2023 and an aggregate principal amount of the Notes of $575 million (assuming the initial purchasers exercise their option to purchase additional Notes described above). In connection with the offer and sale of the Notes and any repurchases of the 1.375% Cash Convertible Notes due 2023, Liberty expects to proportionally terminate and unwind the related bond hedges and warrants. In connection with such termination and unwind and any repurchases of the 1.375% Cash Convertible Notes due 2023, Liberty expects certain financial intermediaries may enter into various derivative and other transactions with respect to the shares of LSXMA, FWONA and BATRA underlying such notes and related bond hedge and warrant transactions concurrently with, or shortly after, the pricing of the Notes. In addition, in connection with the settlement from time to time of certain of such derivative transactions, Liberty expects that the financial intermediaries may purchase shares of LSXMA, FWONA and BATRA subsequent to the issuance of the Notes. The net effect of these activities could cause an increase (or reduce the size of any decrease) in the market price of LSXMA (and of FWONA and BATRA) at the time of the pricing of the Notes and at such subsequent times, which may affect the trading price of the Notes. The Notes (and any shares of LSXMA issuable on conversion of the Notes) will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered by means of an offering memorandum solely to “Qualified Institutional Buyers” pursuant to, and as that term is defined in, Rule 144A of the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities nor shall there be any sale of any of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Forward-Looking Statements This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the intended launch of a private offering of Notes, the size of the offering, the number of shares into which the Notes would be convertible, the use of proceeds therefrom, expected repurchases, exchanges or redemptions of existing indebtedness and the sources of funds therefor and expected derivative transactions (and the impact such transactions may have on the trading prices of LSXMA, FWONA and BATRA). All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as “possible,” “potential,” “intends” or “expects” or other words or phrases of similar import or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions. These forward-looking statements speak only as of the date of this press release, and Liberty expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty, including its most recent Annual Report on Form 10-K, for additional information about Liberty and about the risks and uncertainties related to Liberty’s business which may affect the statements made in this press release. About Liberty Media Corporation Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include Liberty Media Corporation’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporation’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1 and other minority investments.
- 03/07/2023
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Liberty Media Corporation Announces Quarterly Interest Payment and Excess Regular Additional Distribution on 2.75% Exchangeable Senior Debentures Due 2049
- ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of February 15, 2023 of its 2.75% Exchangeable Senior Debentures due 2048 (the “Debentures”). The amount of the quarterly interest payment is $6.8750 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distribution is $1.2635 per $1,000 original principal amount of Debentures. As of March 1, 2023, the aggregate adjusted principal amount outstanding is approximately $586 million, after giving effect to today’s quarterly interest payment. Capitalized terms used but not defined herein have the meaning given to them in the Indenture for the Debentures. Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced in an amount equal to each Extraordinary Additional Distribution that is made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive quarterly interest payment date to the extent necessary to cause the quarterly interest payment to represent the payment of an annualized yield of 2.75% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in a reduction to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution. To date, Liberty has made one Extraordinary Additional Distribution to holders of the Debentures. As previously announced, on March 4, 2022, Liberty made an Extraordinary Additional Distribution of $29.0057 per $1,000 original principal amount of Debentures, which was attributable to the special cash dividend paid on February 25, 2022 by Sirius XM Holdings Inc. (“SIRI”) to holders of its common stock of record as of the close of business on February 11, 2022. Reductions to the principal amount of the Debentures do not affect the amount of the quarterly interest payments received by holders of the Debentures, which will continue to be a rate equal to 2.75% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the quarterly interest payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount of the Debentures resulting from such payment, per $1,000 original principal amount of the Debentures: March 1, 2023 Beginning Adjusted Principal Payment Interest Payment of Principal March 1, 2023 Ending Adjusted Principal $970.5941 $6.8750 $6.6728 $0.2022 $970.3919 Liberty is also making an Excess Regular Additional Distribution to holders of the Debentures as of February 15, 2023 of $1.2635 per Debenture, which is attributable to the regular quarterly dividend paid by SIRI of $0.0242 per share on November 30, 2022. The payment of the Excess Regular Additional Distribution will not result in a reduction to the adjusted principal amount of the Debentures. The quarterly interest payment and Excess Regular Additional Distribution are expected to be made on March 1, 2023 to holders of record of the Debentures as of February 15, 2023. About Liberty Media Corporation Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include Liberty Media Corporation’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporation’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of Liberty Media Corporation’s businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1 and other minority investments.
- 03/01/2023
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Liberty Braves: Potential Trophy Asset Sale At A Significant Premium
- Liberty Media is set to split-off MLB team Atlanta Braves into an asset-backed stock. The split-off will open the door for a potential sale of the franchise.
- 02/24/2023
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Liberty Braves: Relatively Well Positioned In A Rising Salary Environment
- MLB's winter meetings ended Thursday and the market for MLB free agents has been hot with six players signing 9 figure deals already this off-season. Salaries for top stars have increased from $36 million per year in 2019 to over $43 million (18% inflation). Worse yet, contracts have gotten longer and total commitments are larger.
- 12/10/2022
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Liberty Braves: Own Part Of The World Champion Atlanta Braves
- Liberty Media owns and operates the 2021 World Series Champion Atlanta Braves baseball team. It also owns the stadium and much of the land around it, including The Battery. The Atlanta Braves are publicly traded in three tracking stocks trading under the symbols BATRA, BATRB, and BATRK.
- 09/14/2022
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Does Liberty Media Corporation (BATRK) Have the Potential to Rally 36% as Wall Street Analysts Expect?
- The average of price targets set by Wall Street analysts indicates a potential upside of 36% in Liberty Media Corporation (BATRK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 07/12/2022
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The Liberty Braves Group (BATRA) CEO Gregory Maffei on Q1 2022 Results - Earnings Call Transcript
- The Liberty Braves Group (NASDAQ:BATRA ) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET Company Participants Gregory Maffei – President and Chief Executive Officer Brian Wendling – Chief Accounting and Principal Financial Officer Stefano Domenicali – President and Chief Executive Officer of Formula One Courtnee Chun – Chief Portfolio Officer Conference Call Participants David Karnovsky – JPMorgan Bryan Kraft – Deutsche Bank Vijay Jayant – Evercore Barton Crockett – Rosenblatt Securities David Joyce – Barclays Jason Bazinet – Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to Liberty Media Corporation's First Quarter 2022 Earnings Call.
- 05/06/2022
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6 Entertainment & Leisure Stocks Wall Street Is Betting Big on This Summer
- Summer is on the way and after two years of observing COVID-19 safety protocols, people are ready to cut loose.
- 04/26/2022
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Sports fanatics should consider buying these three stocks, Jim Cramer says
- "You've got a lot of options if you want to own part of a pro-sports team or even a whole league, but they're not always the best stocks," Cramer said.
- 04/01/2022
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Top Stocks To Short Today Amid Weak Walmart Data And Jobless Numbers
- As all the major indices have fallen, Q.ai's Artificial Intelligence has crunched the data to give you today's top short plays.
- 02/18/2021
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10 Hot Stocks to Buy That Ought to Stay Hot in 2021
- If you're looking for hot stocks to buy, it makes sense to focus your search on growth companies. Here are 10 picks that ought to stay hot.
- 02/10/2021
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Top Stocks To Short Today As Markets Recoup Last Week's Losses
- Nearly all of last week's losses have been recovered, and investors seem to be back to focusing on earnings from tech giants, stimulus progress, and the vaccine. With all of this news, Q.ai's deep learning algorithms have crunched the data to give you today's Top Shorts.
- 02/02/2021
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Liberty Media SPAC IPO: 11 Things to Know as Liberty Launches LMACU Stock
- A Liberty Media SPAC is now top of mind after the media giant filed to bring a blank-check company public. Here's what to know.
- 01/22/2021
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Liberty Braves: Swing For The Fences With The Atlanta Braves
- The Liberty Braves Group presents a unique opportunity for investors to get exposure to baseball's Atlanta Braves. A strong COVID recovery and the rise of sports betting will help this beaten-down stock rise to new heights.
- 01/11/2021
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Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q2 2020 Update
- Wallace Weitz's 13F portfolio value increased from $1.88B to $2.01B this quarter. The number of positions decreased from 69 to 65.
- 09/15/2020
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Warren Buffett Just Bought These Stocks
- Warren Buffett's ability to pick winning stocks has made his company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), one of the most closely watched investment firms on the planet. While Buffett is usually mum when it comes to discussing his latest buys, Berkshire Hathaway reveals his latest transactions in a 13-F filing with the Securities and Exchange Commission every quarter.
- 08/18/2020
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Liberty Media (FWONK) Expected to Beat Earnings Estimates: Should You Buy?
- Liberty Media (FWONK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 08/03/2020
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Liberty Media CEO Says We Will Give Fans What They Want: A Baseball Season
- The Major League Baseball season is back with many twists, but Atlanta Braves owner Liberty Media Corporation (NASDAQ: LSXMA) is committed to safely give "the fans what they want which is baseball," Liberty Media CEO Greg Maffei said on CNBC.What To Know: It's very important for sports fans to see their beloved game "in the best way possible," Maffei said. The players and league got together and struck an agreement to develop a safe way to make a shortened 60 game season to happen."Baseball is exciting and I think it's in the national interest and in the interest of America to get it going," he said.Why It's Important: Atlanta Braves first baseman and four-time All Star Freddie Freeman contracted the COVID-19 virus and experienced a high temperature of 104.5 degrees before recovering. He has since received medical clearance to play and is expected to be in the opening day lineup on Friday, Maffei said.Other unnamed players also contracted the virus and are "recovering well" and the league deserves credit for implementing a series of protocols that may even make it safer for players to be on the field than at home.What's Next: Demand for sports is "way up" as evidenced by impressive ratings for golf and Formula 1 events, Maffei said. Encouragingly, the league hasn't given up on the notion that fans will be able to return to stadiums this season.Related Links:Shopify, PayPal, Wix.com Are 'E-Commerce Enablers' In Digital Shift: KeyBancTesla's Inclusion In The S&P 500 Could Support Higher Prices: 'Massive Moment For The Company'See more from Benzinga * United Air CEO Says Revenue Will Remain Depressed Until COVID-19 Vaccine Launch * Retail Pro Breaks Down Early Back-To-School Winners, Losers * Morgan Stanley Turns Bullish On Coca-Cola, Sees Encouraging Signs In Q2 Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/22/2020
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Why iHeartMedia Is Jumping 12% Higher Today
- The streaming media and terrestrial radio company just received approval for a big backer to climb aboard.
- 07/16/2020
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Formula 1® and Zoom Announce First Virtual Paddock Club Partnership
- ENGLEWOOD, Colo. and SAN JOSE, Calif., July 16, 2020 -- Formula 1® and Zoom Video Communications, Inc. (NASDAQ: ZM) today announced a new digital partnership to deliver the.
- 07/16/2020
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Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call
- Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call
- 07/13/2020
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Liberty Media Announces Amendment to Formula 1 Financial Covenant
- Liberty Media Announces Amendment to Formula 1 Financial Covenant
- 06/29/2020
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Liberty Media Corporation Announces Completion of Rights Offering
- Liberty Media Corporation Announces Completion of Rights Offering
- 06/16/2020
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Warren Buffett's Berkshire Hathaway Boosts Liberty SiriusXM Stake
- After Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) came under the spotlight for disclosing it sold stock in Delta Air Lines Inc (NYSE: DAL), Southwest Airlines Co (NYSE: LUV) and other airlines, Warren Buffett has made a few new, lesser-known investments.What's Going On?Since the end of May, Berkshire Hathaway increased its stake in Liberty SiriusXM Group (NASDAQ: LSXMK), in 300,000 share chunks."ORTEX Analytics insider data shows that Berkshire Hathaway has since the 21st of May bought almost 4.4 million shares in Liberty Media for just over $151 million," ORTEX Analytics co-founder Peter Hillerberg told Benzinga. "Last time Berkshire Hathaway was buying Liberty Media, in May 2017, they saw a return of almost 20% in the next two months."Image showing Berkshire Hathaway's historical purchases in Liberty Sirius XM Group.Additionally, short-interest data provided by ORTEX also shows that shares on loan, an indication of how short investors are, fell sharply after Buffet's firm began buying shares of the company.Image showing Liberty Sirius XM Group short-interest data.Context And Action On May 20, Morgan Stanley lowered its price target on Liberty SiriusXM Group while maintaining an Overweight rating on the stock. The rating adjustment came alongside news that the company strengthened its balance sheet in the first quarter of 2020."We are operating in unprecedented times, impacting the Liberty portfolio across the globe. Our companies in the live event space have been working with players, teams, bands, fans, and government authorities to operate during social distancing and safely provide unique and engaging experiences," Liberty Media President and CEO Greg Maffei said in a statement on the firm's first-quarter 2020 financial results."We were pleased to complete the reattribution between Formula One Group and Liberty SiriusXM Group in April. Liberty SiriusXM now includes Live Nation, a complementary business and an established leader in the entertainment space. SiriusXM posted solid first-quarter results and the business is proving resilient. Formula One Group has a strengthened balance sheet which will enable us to enhance the F1 business and be opportunistic."To learn more about this development and get access to similar insights, click here to visit ORTEX Analytics.Photo credit: Fortune Live Media, FlickrSee more from Benzinga * Forbes, Rocket Mortgage By Quicken Loans Launch 'Under 30 Detroit Hackathon': 'Regroup, Reset And Reimagine' * Mobile Bank Varo Raises 1M To Fuel Growth, Financial Innovation * StartEngine Onboards Kevin O'Leary, Extends Equity Crowdfunding To General Public(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/04/2020
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Notable Insider Buys: Avis, Dynavax And Formula One
- * Insider buying can be an encouraging signal for potential investors. * Beneficial owner Berkshire Hathaway made a huge purchase last week. * A director took advantage of a coronavirus vaccine contender's secondary offering.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market volatility and global economic gloom. Here are some of the most noteworthy insider purchases reported in the past week.Formula One Group Liberty Media Formula One (NASDAQ: FWONA) saw 10% owner Berkshire Hathaway Inc. (NYSE: BRK-A) add nearly 3.17 million shares of this motorsport company to its stake. At per-share prices ranging from $33.07 to $37.05, that totaled almost $112.42 million.Shares of this Liberty Media subsidiary popped more than 9% in last week's trading to end at $33.82 apiece, within the purchase price range above. The share price is up about 75% since its year-to-date low during the pandemic panic selling back in March. The analysts' consensus target price is up at $45.53.Avis Budget Beneficial owner SRS Investment Management purchased almost 500,000 Avis Budget Group Inc. (NASDAQ: CAR) shares of this New Jersey-based company last week. Share prices ranged from $18.57 to $20.59 apiece, and the total for these transactions was more than $9.88 million.Competitor Hertz Global recently filed for bankruptcy and will be delisted from the New York Stock Exchange. Avis shares ended last week up nearly 29% to $21.53, above the purchase prices mentioned above. The share price is more than 77% higher since its year-to-date low in March.See Also: What You Need To Know About Moderna's Insider SellingDynavax A Dynavax Technologies Corporation (NASDAQ: DVAX) director took advantage of a secondary offering last week. He indirectly bought a million shares for $5 apiece, which cost him $5 million. He is also a director at Mersana Therapeutics Inc (NASDAQ: MRSN) and bought more than 3 million of those shares back in April.Dynavax is among those companies in a race for a vaccine for COVID-19. Its shares soared more than 19% last week and closed most recently at $6.12 a share. It's now about 154% higher than the year-to-date low in March. The consensus price target is up at $16, though only two analysts were surveyed.In addition, note that there was some amount of insider buying at Green Dot Corporation (NYSE: GDOT), Jazz Pharmaceuticals PLC (NASDAQ: JAZZ) and Royal Caribbean Cruises Ltd (NYSE: RCL) last week as well.See more from Benzinga * Benzinga's Bulls And Bears Of The Week: Amazon, Disney, Netflix And More * Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More * Barron's Picks And Pans: Dropbox, Slack, Starbucks And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/30/2020
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Liberty Media Announces Adjustment to the SiriusXM Component of the Securities Basket for its 1.375% Cash Convertible Senior Notes Due 2023
- Liberty Media Announces Adjustment to the SiriusXM Component of the Securities Basket for its 1.375% Cash Convertible Senior Notes Due 2023
- 05/22/2020
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Liberty Media Corporation Announces Ex-Dividend Date, When-Issued Trading, Trading Symbol Information and New Expiration Date for Rights Offering
- Liberty Media Corporation Announces Ex-Dividend Date, When-Issued Trading, Trading Symbol Information and New Expiration Date for Rights Offering
- 05/14/2020
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Liberty Media Corporation Announces Terms for Previously Announced Rights Offering
- Liberty Media Corporation Announces Terms for Previously Announced Rights Offering
- 05/11/2020
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Liberty Media Corporation (LSXMA) Q1 2020 Earnings Call Transcript
- LSXMA earnings call for the period ending March 31, 2020.
- 05/08/2020
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Was The Smart Money Right About Liberty Media Corporation (BATRA)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P; 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 05/06/2020
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Media CEO Salaries Will Be Hard To Justify In A COVID-19 Economy
- April proxy season, which just ended, is an annual rite that lifts the curtain on CEO salaries for the previous year ahead of shareholder meetings in May and June. For 2019, big entertainment compa…
- 05/01/2020
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Cooper Investors sold Liberty SiriusXM (LSXMA) Stock
- Cooper Investors, an independently-owned investment firm, recently published its first-quarter Global Equities Fund (Hedged) commentary – a copy of which can be downloaded here. During the first quarter of 2020, the Cooper Investors Global Equities Fund (Hedged) returned -18.98%, while the benchmark
- 05/01/2020
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Earnings Preview: Liberty Media (FWONK) Q1 Earnings Expected to Decline
- Liberty Media (FWONK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/30/2020
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Earnings Preview: Liberty Media (FWONK) Q1 Earnings Expected to Decline
- Liberty Media (FWONK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/30/2020
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Passwordless authentication startup Secret Double Octopus raises $15 million
- The Israel-based company offers a solution that do away with passwords in favor of key-less authentication.
- 04/30/2020
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Tastemade Launches on Sling TV, Vizio Smart TVs as Cooking at Home Booms During Quarantines (EXCLUSIVE)
- Click here to read the full article. Tastemade has scored two more distribution deals: The food and lifestyle digital network goes live today on Vizio's SmartCast internet-connected TVs and Dish Network's Sling TV.The expanded footprint for Tastemade comes amid COVID-19 quarantines, when millions
- 04/30/2020
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Zacks: Liberty Braves Group Series A (NASDAQ:BATRA) Given Consensus Recommendation of "Strong Buy" by Analysts
- Shares of Liberty Braves Group Series A (NASDAQ:BATRA) have earned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating. Brokers have set a 1-year consensus target price of $39.50 for […]
- 04/30/2020
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Liberty Braves Group Series B (BATRB) Scheduled to Post Quarterly Earnings on Thursday
- Liberty Braves Group Series B (OTCMKTS:BATRB) will be releasing its earnings data before the market opens on Thursday, May 7th. Persons interested in registering for the company’s earnings conference call can do so using this link. Liberty Braves Group Series B (OTCMKTS:BATRB) last released its quarterly earnings data on Wednesday, February 26th. The company reported […]
- 04/30/2020
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Liberty Braves Group Series C (BATRK) Scheduled to Post Quarterly Earnings on Thursday
- Liberty Braves Group Series C (NASDAQ:BATRK) is scheduled to announce its earnings results before the market opens on Thursday, May 7th. Analysts expect the company to announce earnings of ($0.92) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link. Liberty Braves Group Series C […]
- 04/30/2020
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Reviewing Sprint (NYSE:S) and Liberty Sirius XM Group Series A (NYSE:LSXMA)
- Sprint (NYSE:S) and Liberty Sirius XM Group Series A (NASDAQ:LSXMA) are both large-cap computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, valuation, institutional ownership, risk, profitability, dividends and analyst recommendations. Institutional & Insider Ownership 14.2% of Sprint shares are held […]
- 04/30/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Sees Large Increase in Short Interest
- Liberty Braves Group Series C (NASDAQ:BATRK) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 223,500 shares, an increase of 15.6% from the March 31st total of 193,400 shares. Approximately 0.6% of the company’s stock are sold short. Based on […]
- 04/29/2020
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Braves could issue ticket refunds under new MLB policy
- Major League Baseball is clearing the way for its teams to issue ticket refunds, if they choose to d...
- 04/28/2020
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Sirius XM Holdings: Q1 Earnings Insights
- Shares of Sirius XM Holdings (NASDAQ:SIRI) rose 2.50% after the company reported Q1 results.Quarterly Results Earnings per share increased 40.00% over the past year to $0.07, which beat the estimate of $0.05.Revenue of $1,952,000,000 higher by 11.93% from the same period last year, which beat the estimate
- 04/28/2020
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SiriusXM Reports First Quarter 2020 Results
- SiriusXM today announced first quarter 2020 operating and financial results, including revenue of $2.0 billion, increasing 5% on a pro forma basis compared to the prior year period. The Company's net income was $293 million in the first quarter 2020, compared to $162 million in the prior year period
- 04/28/2020
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SoftBank Group (OTCMKTS:SFTBY) versus Liberty Sirius XM Group Series C (OTCMKTS:LSXMK) Financial Review
- SoftBank Group (OTCMKTS:SFTBY) and Liberty Sirius XM Group Series C (NASDAQ:LSXMK) are both computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, profitability, dividends, risk, valuation, analyst recommendations and institutional ownership. Profitability This table compares SoftBank Group and Liberty Sirius XM […]
- 04/28/2020
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TIM Participacoes (NYSE:TSU) vs. Liberty Sirius XM Group Series C (NYSE:LSXMK) Head to Head Contrast
- TIM Participacoes (NYSE:TSU) and Liberty Sirius XM Group Series C (NASDAQ:LSXMK) are both mid-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, institutional ownership, dividends, risk, analyst recommendations, earnings and valuation. Volatility and Risk TIM Participacoes has a beta of […]
- 04/28/2020
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Saudi Arabia’s PIFdiscloses 5.7% stake in Live Nation
- Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), disclosed a 5.7% passive stake in Live Nation Entertainment Inc on Monday, sending the concert promoter’s shares …
- 04/27/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Stock Price Up 7.1%
- Liberty Braves Group Series C (NASDAQ:BATRK)’s share price rose 7.1% on Friday . The stock traded as high as $19.12 and last traded at $19.00, approximately 252,200 shares were traded during mid-day trading. An increase of 39% from the average daily volume of 181,530 shares. The stock had previously closed at $17.74. BATRK has been […]
- 04/26/2020
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Liberty Sirius XM Group Series A (NASDAQ:LSXMA) versus Orbital Tracking (NASDAQ:TRKK) Financial Analysis
- Liberty Sirius XM Group Series A (NASDAQ:LSXMA) and Orbital Tracking (OTCMKTS:TRKK) are both computer and technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, risk, earnings, dividends, valuation, analyst recommendations and institutional ownership. Insider & Institutional Ownership 29.7% of Liberty Sirius XM Group […]
- 04/26/2020
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Liberty Media Formula One Series A (NASDAQ:FWONA) Stock Rating Lowered by Zacks Investment Research
- Liberty Media Formula One Series A (NASDAQ:FWONA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports. According to Zacks, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through its subsidiaries and investments in publicly-traded companies. Liberty […]
- 04/26/2020
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Financial Survey: ATN International (NASDAQ:ATNI) and Liberty Braves Group Series B (NASDAQ:BATRB)
- ATN International (NASDAQ:ATNI) and Liberty Braves Group Series B (OTCMKTS:BATRB) are both small-cap computer and technology companies, but which is the better stock? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, valuation, dividends, institutional ownership and earnings. Profitability This table compares ATN International and Liberty Braves Group […]
- 04/25/2020
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Bank of New York Mellon Corp Sells 1,002,073 Shares of Liberty Braves Group Series A (NASDAQ:BATRA)
- Bank of New York Mellon Corp cut its stake in Liberty Braves Group Series A (NASDAQ:BATRA) by 96.3% in the fourth quarter, HoldingsChannel reports. The fund owned 38,310 shares of the financial services provider’s stock after selling 1,002,073 shares during the period. Bank of New York Mellon Corp’s holdings in Liberty Braves Group Series A […]
- 04/25/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Lifted to "Hold" at Zacks Investment Research
- Zacks Investment Research upgraded shares of Liberty Braves Group Series C (NASDAQ:BATRK) from a sell rating to a hold rating in a report published on Tuesday, Zacks.com reports. According to Zacks, “Liberty Braves Group owns and operates Atlanta Braves Major League Baseball club, stadium and associated real estate projects. Liberty Braves Group is based in […]
- 04/25/2020
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Liberty Media Corporation (LMCB) Reattribution Between Formula One Group and Liberty SiriusXM Group (Transcript)
- Liberty Media Corporation (OTC:LMCB) Reattribution Between Formula One Group and Liberty SiriusXM Group April 23, 2020 09:00 AM ET Company Participants Courtnee
- 04/24/2020
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Analysts praise Formula One reattribution effects
- Formula One Group (FWONK -1.8%) is seeing analyst positivity today in the wake of Liberty Media's asset reattribution. JPMorgan has reiterated its Overweight rating, saying the move not only provides
- 04/24/2020
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Credit Suisse Maintains a Hold Rating on Liberty Media Liberty SiriusXM (LSXMA)
- In a report released today, Brian W Russo from Credit Suisse maintained a Hold rating on Liberty Media Liberty SiriusXM (LSXMA), with a price target of
- 04/24/2020
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Live Nation/Sirius XM merger isn't likely - Benchmark
- Liberty Media's asset reallocation has led to some speculation about a potential recombination of some businesses - notably Live Nation (LYV -3.1%) and Sirius XM (SIRI -0.5%). That's unlikely, though
- 04/24/2020
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GCI Liberty (NASDAQ:GLIBA) vs. Liberty Braves Group Series B (NASDAQ:BATRB) Head to Head Survey
- GCI Liberty (NASDAQ:GLIBA) and Liberty Braves Group Series B (OTCMKTS:BATRB) are both computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their valuation, profitability, risk, institutional ownership, analyst recommendations, earnings and dividends. Earnings & Valuation This table compares GCI Liberty and Liberty Braves […]
- 04/24/2020
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Ferrari 'living in denial' over budgets, say McLaren
- McLaren say Ferrari are "living in denial" over their opposition to plans to lower Formula 1's budget cap.
- 04/23/2020
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Motor racing-F1 boosts liquidity and advances payments to teams
- Formula One's commercial rights holder Liberty Media boosted the sport's liquidity on Thursday and said some teams had received advance payments to help them through the COVID-19 crisis.
- 04/23/2020
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F1 Gets $1.4 Billion Lifeline To Keep Teams And Tracks Ticking Over
- F1 has been given a $1.4 billion lifeline after the sport's owner Liberty Media transferred a 33% stake in event promoter Live Nation to the satellite radio broadcaster SiriusXM.
- 04/23/2020
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MLB‘looking at a lot of options’ for a season, Liberty Media CEO says
- The CEO of Braves owner Liberty Media fielded the question Thursday of whether there will be a baseb...
- 04/23/2020
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Liberty Media shifts Live Nation attribution, focusing trackers
- Liberty Media has changed the attribution of its interest in Live Nation (LYV +13.3%), along with other balance-sheet items, among its tracking stocks on the Formula One Group (FWONA +10.1%) and Libe
- 04/23/2020
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Liberty Media Moves to Bolster Formula One With Reallocation
- (Bloomberg) -- John Malone’s Liberty Media Corp. moved to shore up its Formula One Group auto-racing unit, shifting some assets among Liberty’s wide variety of properties and injecting more cash into the division.The holding company reattributed $1.5 billion in net asset value to Formula One from Liberty
- 04/23/2020
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Liberty Media Moves to Bolster Formula One With Reallocation
- John Malone’s Liberty Media Corp. moved to shore up its Formula One Group auto-racing unit, shifting some assets among Liberty’s wide variety of properties and injecting more cash into the division.
- 04/23/2020
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Liberty Media announces reattribution of Live Nation interest LSXMA;BATRA;FWONA;LYV
- Liberty Media announces reattribution of Live Nation interest LSXMA BATRA FWONA LYV
- 04/23/2020
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Liberty Media Corporation Announces Reattribution of Live Nation Interest and Other Assets and Liabilities between the Formula One Group and the Liberty SiriusXM Group, Creating More Focused Tracking Stock Groups
- Liberty Media Corporation Announces Reattribution between Formula One Group and Liberty SiriusXM Group. Liberty SiriusXM Announces Rights Offering.
- 04/23/2020
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F1 podra renogociar cuotas por carreras sin pblico
- MADRID (AP) — Los dueños de la Fórmula Uno están abiertos a renegociar las cuotas que se pagan para albergar las carreras que podría disputarse esta temporada sin público debido a la pandemia de coronavirus, dijo el gerente general del Circuit de Barcelona-Catalunya. Joan Fontseré declaró a The Associated Press que Liberty Media, el grupo que controla la F1, es “consciente” de que si debe correr sin espectadores, los contratos con los promotores de cada Gran Premio tendrían que renegociarse de alguna forma. “Son conscientes de que esta es una situación excepcional", dijo Fontseré el martes. “Desde luego que estamos en la misma página. Si quieren realizar algunas carreras por los derechos de televisión, por los equipos ... saben que nuestros ingresos (se reducirán), entienden que será así este año, así que seguro estamos en la misma página”. Añadió que, de momento, los organizadores del Gran Premio de España ni siquiera han considerado la posibilidad de montar la carrera sin público en Barcelona. Explicó que no sólo la venta de boletos se verá afectadas con las gradas vacías y el no poder facturar por las suites de hospitalidad. "Cuando el gobierno catalán invierte en la F1, no es sólo por los boletos que vendemos, sino también por el impacto financiero que la carrera tiene en el país, en Cataluña”, dijo Fontseré. “El impacto económico para el país será muy reducido. Significa que no hay ingresos para los taxis, para los hoteles … todo eso cambia completamente el acuerdo entre las dos partes “. Liberty Media no respondió de inmediato a un pedido por comentarios. El Gran Premio de España inyecta más de 160 millones de euros (173 millones de dólares) a la región, y el impacto financiero durante el año se acerca a los 300 millones de euros (325 millones de...
- 04/22/2020
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F1 in talks to reduce hosting fees if races take place behind closed doors, reveals Spanish Grand Prix boss
- Joan Fontsere says Barcelona’s Catalunya circuit is at F1’s disposal in an effort to keep the Spanish Grand Prix on the rescheduled calendar even if no fans are allowed to attend and multiple races take place across weekends
- 04/22/2020
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Spanish GP: F1 will renegotiate fees for races without fans
- MADRID (AP) — Formula One organizers are open to renegotiating hosting fees for races that may take place without fans this season because of the coronavirus pandemic, the general manager of the Circuit de Barcelona-Catalunya said. Joan Fontseré told The Associated Press that Liberty Media is “conscious” that if races need to go on without fans the contracts with event promoters will have to be somehow renegotiated. “They are conscious that this is an exceptional situation,” Fontseré said Tuesday. “We are obviously on the same page. If they want to keep some races on because of the TV rights, because of the teams ... they know that our income (will be reduced), they realize that this year it will be like that, so for sure we are on the same page.” He said Spanish Grand Prix organizers at this moment are not even considering a race with fans in Barcelona. He said it’s not only ticket sales that would be affected if the event goes on with empty stands and no hospitality suites. “When the Catalan government invests in F1, it’s not only for the tickets that we sell, it’s also for the financial impact that the event has in the country, in Catalonia,” Fontseré said. “The economic impact for the country will be very reduced. It means no income for taxis, for hotels ... so that changes completely the agreement between the two parties.” Liberty Media did not immediately respond to a request for comment. The Spanish GP brings in more than 160,000 million euros ($173 million) to the region, with the total of its financial impact during the year nearing 300 million euros ($325 million), according to data from the track. The attendance for last year's race-weekend surpassed 160,000 people. Fontseré said he received a couple of phone calls from F1...
- 04/22/2020
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Ferrari list three replacements for Sebastian Vettel after Lewis Hamilton shuts down move
- Sebastian Vettel's contract with Ferrari expires at the end of 2020.
- 04/21/2020
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Lewis Hamilton kills off any chance of leaving Mercedes for Ferrari in explosive post
- Lewis Hamilton is out of contract with Mercedes at the end of 2020.
- 04/20/2020
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Liberty Media Formula One Series A (NASDAQ:FWONA) Lifted to Buy at Zacks Investment Research
- Zacks Investment Research upgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a hold rating to a buy rating in a research report sent to investors on Thursday, Zacks.com reports. They currently have $25.00 price objective on the stock. According to Zacks, “Liberty Media Corporation is engaged in media, communications and entertainment businesses […]
- 04/20/2020
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Zacks: Brokerages Expect Liberty Braves Group Series C (NASDAQ:BATRK) to Post -$0.92 Earnings Per Share
- Equities research analysts predict that Liberty Braves Group Series C (NASDAQ:BATRK) will announce earnings of ($0.92) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Liberty Braves Group Series C’s earnings. Liberty Braves Group Series C posted earnings per share of ($1.39) during the same quarter last year, […]
- 04/20/2020
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Short Interest in Liberty Braves Group Series C (NASDAQ:BATRK) Drops By 15.2%
- Liberty Braves Group Series C (NASDAQ:BATRK) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 193,400 shares, a decline of 15.2% from the March 15th total of 228,000 shares. Approximately 0.5% of the shares of the company are sold short. […]
- 04/20/2020
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F1 chiefs hailed as Lewis Hamilton and co tipped to join Esports Virtual Grand Prix series
- F1 sponsorship expert Nigel Geach has praised the development of the F1 Esports Virtual Grand Prix series in response to the impact of the coronavirus pandemic.
- 04/19/2020
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F1 will save struggling teams during coronavirus crisis, believes Red Bull boss Christian Horner
- Number of teams are predicting significant financial struggles that could threaten their very existence, with F1 talks discussing a lower budget cap that is at loggerheads with the sport’s bigger and more successful outfits
- 04/19/2020
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Liberty Media Formula One Series A (NASDAQ:FWONA) Rating Lowered to Hold at Zacks Investment Research
- Liberty Media Formula One Series A (NASDAQ:FWONA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports. According to Zacks, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through its subsidiaries and investments in publicly-traded companies. Liberty Media […]
- 04/19/2020
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Analysts Can’t Explain Why Liberty Holding SharesJumped944%
- (Bloomberg) -- Liberty TripAdvisor Holdings Inc.’s crazy week left analysts scratching their heads about what might have caused the stock to surge as much as 2,700% in one session.The series B shares soared on unusually high volume, and Wednesday’s move was so inexplicable that the company issued a statement
- 04/18/2020
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Alliancebernstein L.P. Sells 15,077,694 Shares of Liberty Braves Group Series C (NASDAQ:BATRK)
- Alliancebernstein L.P. lessened its stake in shares of Liberty Braves Group Series C (NASDAQ:BATRK) by 99.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 41,343 shares of the financial services provider’s stock after selling 15,077,694 shares during the period. Alliancebernstein L.P.’s holdings in Liberty Braves Group Series C were worth $1,221,000 at the […]
- 04/17/2020
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Lewis Hamilton receives boost as F1 bosses discuss TWO races in UK this summer
- F1 chiefs are plotting to host two races at Silverstone this year in a boost to Lewis Hamilton's world title hopes.
- 04/16/2020
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Liberty Media Corporation Announces First Quarter Earnings Release and Conference Call
- Liberty Media Corporation Announces First Quarter Earnings Release and Conference Call
- 04/16/2020
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Liberty Media Planned To Boost F1 Race Fees
- Formula One's owner Liberty Media has revealed that it was planning to drive up race fees before the coronavirus outbreak sent it into a spin.
- 04/16/2020
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- Should Sirius XM, Pandora and iHeartMedia become one? — T-Mobile-Sprint talks grind on
- 04/16/2020
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Every Member Of Trump's 'Great American Economic Revival' Industry Groups
- President Donald Trump annnounced a lengthy list of "Great American Economic Revival" industry groups Tuesday that he said will advise the White House on reopening the economy after the shutdown necessitated by the coronavirus pandemic. "Now, we have a list of people that I'll be speaking
- 04/15/2020
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Liberty Media To Benefit From Charter Communications' Rising Fortunes
- Liberty Media via its Liberty Broadband unit will continue to benefit significantly from charters strong business and financial performance. Liberty is expected
- 04/15/2020
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First Bank & Trust Raises Stock Holdings in Liberty Braves Group Series C (NASDAQ:BATRK)
- First Bank & Trust boosted its holdings in Liberty Braves Group Series C (NASDAQ:BATRK) by 33.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,195 shares of the financial services provider’s stock after buying an additional 1,791 shares during the quarter. First Bank […]
- 04/15/2020
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Analyzing SMARTONE TELECO/S (OTCMKTS:STTFY) & Liberty Sirius XM Group Series A (OTCMKTS:LSXMA)
- SMARTONE TELECO/S (OTCMKTS:STTFY) and Liberty Sirius XM Group Series A (NASDAQ:LSXMA) are both computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, institutional ownership, profitability, analyst recommendations, risk, valuation and dividends. Profitability This table compares SMARTONE TELECO/S and Liberty Sirius XM […]
- 04/15/2020
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Trump to Talk to CEOs From Walmart, Exxon on Reopening Economy
- (Bloomberg) -- President Donald Trump said Tuesday that he would be discussing ways to revive the U.S. economy with chief executives from some of the largest U.S. companies as it emerges from the coronavirus crisisTrump, at a press briefing in the White House Rose Garden, read a long list of prominent
- 04/14/2020
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Liberty Media CEO Greg Maffei’s pay rocketed to $44 million in 2019
- John Malone’s Liberty Media, which owns SiriusXM, the Atlanta Braves and the Formula One racing circuit, said Chief Executive Greg Maffei scored $44 million in compensation in 2019. Maffei…
- 04/14/2020
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Liberty Media CEO Greg Maffei's 2019 Compensation Totaled $44 Milllion
- Liberty Media CEO Gregory Maffei’s compensation for 2019 totaled just over $44 million, more than double $20 million the year before. In its annual proxy filing with the SEC, Liberty said Maf…
- 04/14/2020
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BRIEF-Liberty Media Says CEO's FY 2019 Total Compensation Was $44.0 Mln, Including $27.8 Mln Of Option Awards - SEC Filing
- Liberty Media Corp:
- 04/14/2020
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Sport Stocks Still In A Slump
- The outbreak of COVID-19 has put a wide array of sports on hold from the NHL, NBA, and MLB in the US to the Olympics on the global stage.
- 04/13/2020
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Liberty Media Formula One Series A (NASDAQ:FWONA) Rating Lowered to Hold at Zacks Investment Research
- Zacks Investment Research downgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a buy rating to a hold rating in a research report report published on Thursday, Zacks.com reports. According to Zacks, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through its subsidiaries and investments in publicly-traded companies. Liberty Media […]
- 04/13/2020
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Capitalists Or Cronyists? Scott Galloway Exclaims: "We Have Lost The Script!"
- Morality for CNBC, and the current administration, is not capitalism but the worst type of socialism, cronyism...
- 04/12/2020
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Liberty Media Formula One Series A (NASDAQ:FWONA) Stock Rating Upgraded by Zacks Investment Research
- Zacks Investment Research upgraded shares of Liberty Media Formula One Series A (NASDAQ:FWONA) from a hold rating to a buy rating in a report issued on Wednesday, Zacks.com reports. Zacks Investment Research currently has $24.00 price objective on the stock. According to Zacks, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through […]
- 04/12/2020
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Max Verstappen message sent to F1 chiefs with Lewis Hamilton and Sebastian Vettel in limbo
- Max Verstappen is the hottest prospect in F1 and Bernie Ecclestone is a huge fan of the Red Bull driver.
- 04/11/2020
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Pivotal Research Sticks to Their Buy Rating for Liberty Media Liberty Formula One (FWONK)
- Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Liberty Media Liberty Formula One (FWONK) today and set a price target of $35.00.
- 04/10/2020
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F1 circuits could withdraw from rescheduled 2020 calendar due to fallout from coronavirus pandemic
- FIA president and former Ferrari team principal Jean Todt fears circuits could choose not to stage races while the deaths brought on by the outbreak of Covid-19 remains at the forefront of the public’s mind
- 04/10/2020
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Ferrari chief Mattia Binotto predicts new F1 season start date as drastic changes backed
- Ferrari and their F1 rivals have seen the start of the 2020 season pushed back due to the coronavirus pandemic.
- 04/08/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Shares Down 7.9%
- Shares of Liberty Braves Group Series C (NASDAQ:BATRK) traded down 7.9% during mid-day trading on Tuesday . The stock traded as low as $15.02 and last traded at $16.06, 886,645 shares traded hands during mid-day trading. An increase of 436% from the average session volume of 165,557 shares. The stock had previously closed at $17.43. […]
- 04/08/2020
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Formula One's 2020 Season Continues To Dissolve
- Following the absolute omnishambles that was the delayed-too-late Australian Grand Prix (above), Formula One has been postponed or cancelled an additional eight rounds. The Canadian Grand Prix, originally scheduled for June 14th, is the latest of them to fall victim to the coronavirus global pandemic. Of the 22 grands prix originally on the schedule, now only an unlucky 13 remain unmoved. And that’s just the tip of the iceberg that is F1's problem pile right now.
- 04/07/2020
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F1 puts staff on enforced leave as management take pay cut
- Formula 1 has put about half its staff on enforced leave while senior figures are to take a salary cut as a result of the coronavirus crisis.
- 04/07/2020
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Credit Suisse AG Has $499,000 Stock Position in Liberty Braves Group Series A (NASDAQ:BATRA)
- Credit Suisse AG grew its stake in shares of Liberty Braves Group Series A (NASDAQ:BATRA) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,840 shares of the financial services provider’s stock after purchasing an additional 2,338 shares during the period. […]
- 04/07/2020
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Liberty Sirius XM Group Series A (NASDAQ:LSXMA) and Pervasip (NASDAQ:PVSP) Financial Analysis
- Pervasip (OTCMKTS:PVSP) and Liberty Sirius XM Group Series A (NASDAQ:LSXMA) are both utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, earnings, institutional ownership, analyst recommendations, risk, dividends and valuation. Profitability This table compares Pervasip and Liberty Sirius XM Group Series A’s net […]
- 04/05/2020
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Why Live Nation Entertainment Stock Dropped 25% in March
- The event promoter had us on the edge of our seats.
- 04/03/2020
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Former F1 mogul Bernie Ecclestone to be a father again at 89
- Billionaire Bernie Ecclestone, 89, and wife Fabiana Flosi, 44, are expecting a baby.
- 04/03/2020
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Formula One race organisers plead for coronavirus financial aid from owners of the sport
- Exclusive: Formula One has said that it still plans to hold ‘between 15-18 races’ this year but has not said when the season-opener would begin
- 04/03/2020
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89-Year-Old Bernie Ecclestone Still Fucks, Fourth Child Due This Summer
- Former Formula One boss and billionaire ghoul of note Bernie Ecclestone has confirmed that his 44-year-old wife of 8 years Fabiana Flosi is with child. This will be Ecclestone’s first child with his third wife. His eldest, Deborah (65), was born to his first wife Ivy Bamford before having two further daughters with his second wife Slavica Radic, Tamara (35), and Petra (31).
- 04/03/2020
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England cricketer Ben Stokes signs up to race in virtual F1 grand prix
- England cricketer Ben Stokes will take on five F1 drivers, including Ferrari’s Charles Leclerc, in a virtual race around Albert Park
- 04/02/2020
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Credit Suisse AG Buys 1,630 Shares of Liberty Braves Group Series C (NASDAQ:BATRK)
- Credit Suisse AG lifted its stake in Liberty Braves Group Series C (NASDAQ:BATRK) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,123 shares of the financial services provider’s stock after purchasing an additional 1,630 shares during the period. Credit Suisse AG’s […]
- 04/02/2020
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Envestnet Asset Management Inc. Has $318,000 Stock Holdings in Liberty Braves Group Series C (NASDAQ:BATRK)
- Envestnet Asset Management Inc. increased its position in shares of Liberty Braves Group Series C (NASDAQ:BATRK) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,751 shares of the financial services provider’s stock after acquiring an additional 697 shares during the […]
- 04/01/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Shares Bought by Brinker Capital Inc.
- Brinker Capital Inc. raised its holdings in Liberty Braves Group Series C (NASDAQ:BATRK) by 16.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,664 shares of the financial services provider’s stock after purchasing an additional 4,154 shares during the […]
- 04/01/2020
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AT&T, Verizon CEOs talk coronavirus connection plans with Trump
- The president thanked the CEOs and their staffs for their work to keep Americans connected during the pandemic.
- 03/31/2020
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Liberty Media Corporation Announces Quarterly Interest Payment and Excess Regular Cash Dividend Amount on 2.25% Exchangeable Senior Debentures Due 2046
- Liberty Media announces quarterly interest payment and excess regular cash dividend amount on 2.25% Exchangeable Senior Debentures Due 2046
- 03/31/2020
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Red Bull Boss Suggests Team Drivers Get Coronavirus To Develop Immunity
- Red Bull boss Marko Helmut suggested that their drivers should be infected with the coronavirus so they can build immunity for the time after the lock down His suggestions have gotten mixed responses thus far.
- 03/31/2020
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Red Bull boss on ventilators, coronavirus 'camps' & F1 regulations delay to 2023
- Red Bull boss Christian Horner on ventilators, coronavirus 'camps' & F1's new regulations possibly being delayed until 2023.
- 03/31/2020
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Great West Life Assurance Co. Can Makes New $63,000 Investment in Liberty Braves Group Series C (NASDAQ:BATRK)
- Great West Life Assurance Co. Can purchased a new position in shares of Liberty Braves Group Series C (NASDAQ:BATRK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,144 shares of the financial services provider’s stock, valued at approximately $63,000. A number […]
- 03/31/2020
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Liberty Sirius XM Group (LSXMK) Gets a Buy Rating from Pivotal Research
- Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Liberty Sirius XM Group (LSXMK) today and set a price target of $63.00. The
- 03/31/2020
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Liberty Braves Group Series A (NASDAQ:BATRA) Sees Significant Growth in Short Interest
- Liberty Braves Group Series A (NASDAQ:BATRA) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totalling 512,000 shares, an increase of 22.1% from the February 27th total of 419,500 shares. Based on an average daily trading volume, of 148,200 shares, the […]
- 03/29/2020
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Liberty Braves Group Series A (NASDAQ:BATRA) Shares Acquired by Citigroup Inc.
- Citigroup Inc. grew its holdings in shares of Liberty Braves Group Series A (NASDAQ:BATRA) by 45.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,963 shares of the financial services provider’s stock after purchasing an additional 1,550 shares during the […]
- 03/28/2020
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Anthony Joshua’s Promoter Has a Plan for Boxing Match to Go Ahead
- (Bloomberg) — The dearth of sports on the planet means broadcasters are not airing matches subscribers have paid to see. This has put billions of dollars in broadcast fees at risk and could m…
- 03/28/2020
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Moving Average Crossover Alert: Liberty Braves
- The Liberty Braves Group (BATRK) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
- 03/27/2020
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Coronavirus: Promoters will be forced to bankroll Formula One races, warns Bernie Ecclestone
- Eight out of 22 races have already been postponed or cancelled
- 03/27/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Shares Sold by Asset Management One Co. Ltd.
- Asset Management One Co. Ltd. lowered its stake in shares of Liberty Braves Group Series C (NASDAQ:BATRK) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,832 shares of the financial services provider’s stock after selling 3,485 shares during […]
- 03/27/2020
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Former Braves owner Bill Bartholomay, who moved team to Atlanta, dies
- Bill Bartholomay, who brought the Braves to Atlanta in 1966, has died at age 91.
- 03/26/2020
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Zacks: Liberty Braves Group Series A (NASDAQ:BATRA) Given $42.00 Consensus Target Price by Analysts
- Shares of Liberty Braves Group Series A (NASDAQ:BATRA) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating. Analysts have set a 12-month consensus target price of $42.00 […]
- 03/26/2020
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Why F1 are targeting 15 races in 2020 as coronavirus hands Chase Carey and co headache
- F1 chiefs are scrambling to salvage as many races as possible from the chaos caused by the coronavirus pandemic.
- 03/26/2020
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F1 at risk of breaching loan covenants says JP Morgan
- JP Morgan has warned that Formula One “could conceivably breach” the covenants on its $2.
- 03/25/2020
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Liberty Braves Group Series A (NASDAQ:BATRA) Stock Position Raised by Blair William & Co. IL
- Blair William & Co. IL lifted its stake in shares of Liberty Braves Group Series A (NASDAQ:BATRA) by 649.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,049 shares of the financial services provider’s stock after acquiring an additional […]
- 03/25/2020
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Contrasting Koninklijke KPN (OTCMKTS:KKPNY) & Liberty Braves Group Series B (OTCMKTS:BATRB)
- Koninklijke KPN (OTCMKTS:KKPNY) and Liberty Braves Group Series B (OTCMKTS:BATRB) are both utilities companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, risk, profitability, institutional ownership, earnings and dividends. Insider and Institutional Ownership 0.1% of Koninklijke KPN shares are owned by institutional […]
- 03/25/2020
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Braves stock plummets amid baseball shutdown
- The price of publicly traded shares of stock in the Braves has been cut almost in half amid the coro...
- 03/24/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Holdings Raised by Bank of Montreal Can
- Bank of Montreal Can boosted its stake in Liberty Braves Group Series C (NASDAQ:BATRK) by 41.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,938 shares of the financial services provider’s stock after buying an additional 1,441 shares during the […]
- 03/24/2020
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Verizon Communications (NYSE:VZ) and Liberty Sirius XM Group Series B (NYSE:LSXMB) Critical Review
- Liberty Sirius XM Group Series B (NASDAQ:LSXMB) and Verizon Communications (NYSE:VZ) are both computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, earnings, risk, profitability, valuation and dividends. Volatility and Risk Liberty Sirius XM Group Series B has […]
- 03/24/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Cut to "Sell" at Zacks Investment Research
- Zacks Investment Research downgraded shares of Liberty Braves Group Series C (NASDAQ:BATRK) from a hold rating to a sell rating in a research note released on Thursday morning, Zacks.com reports. According to Zacks, “Liberty Braves Group owns and operates Atlanta Braves Major League Baseball club, stadium and associated real estate projects. Liberty Braves Group is […]
- 03/23/2020
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Windstream (OTCMKTS:WINMQ) vs. Liberty Sirius XM Group Series B (OTCMKTS:LSXMB) Head-To-Head Analysis
- Windstream (OTCMKTS:WINMQ) and Liberty Sirius XM Group Series B (NASDAQ:LSXMB) are both computer and technology companies, but which is the better stock? We will compare the two businesses based on the strength of their dividends, analyst recommendations, valuation, earnings, risk, institutional ownership and profitability. Risk and Volatility Windstream has a beta of 0.78, suggesting that […]
- 03/23/2020
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Liberty Braves Group Series A (NASDAQ:BATRA) Rating Lowered to D+ at TheStreet
- TheStreet lowered shares of Liberty Braves Group Series A (NASDAQ:BATRA) from a c- rating to a d+ rating in a research note published on Thursday morning, TheStreetRatingsTable reports. Separately, Benchmark began coverage on shares of Liberty Braves Group Series A in a research report on Tuesday, December 17th. They set a buy rating and a […]
- 03/23/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Downgraded by TheStreet
- TheStreet lowered shares of Liberty Braves Group Series C (NASDAQ:BATRK) from a c- rating to a d+ rating in a report issued on Thursday, TheStreetRatingsTable reports. A number of other equities analysts have also issued reports on the stock. Morgan Stanley reduced their price target on shares of Liberty Braves Group Series C from $28.00 […]
- 03/22/2020
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Liberty Braves Group Series A (NASDAQ:BATRA) Major Shareholder Purchases $64,720.00 in Stock
- Liberty Braves Group Series A (NASDAQ:BATRA) major shareholder Gamco Investors, Inc. Et Al purchased 4,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average cost of $16.18 per share, for a total transaction of $64,720.00. Major shareholders that own 10% or more of a company’s […]
- 03/21/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Price Target Lowered to $19.00 at Morgan Stanley
- Liberty Braves Group Series C (NASDAQ:BATRK) had its target price lowered by Morgan Stanley from $28.00 to $19.00 in a research note released on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has an equal weight rating on the financial services provider’s stock. Separately, Zacks Investment Research raised shares of Liberty Braves Group Series C from […]
- 03/21/2020
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Parent AT&T Cancels $4B Stock Repurchase On Coronavirus Fears
- Stocks rose Friday morning, dipped, then rose again as the market continued a rocky ride, exhibitors struggled to hold on to gains and WarnerMedia parent AT&T scrapped a major stock repurchase …
- 03/20/2020
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Fmr LLC Buys 963 Shares of Liberty Braves Group Series A (NASDAQ:BATRA)
- Fmr LLC raised its stake in shares of Liberty Braves Group Series A (NASDAQ:BATRA) by 279.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,307 shares of the financial services provider’s stock after acquiring an additional 963 shares during the period. Fmr LLC’s holdings in Liberty Braves […]
- 03/20/2020
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7 Top CEOs Buying Their Beaten-Down Stocks
- The S&P 500 is down hard year-to-date (including dividends) through March 19. Companies might not be doing buybacks but these top CEOs are.
- 03/19/2020
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Liberty Media Said It Fully Repaid Live Nation Loan
- Liberty Media Corp., a holding company with a diverse portfolio of media investments, including in Live Nation Entertainment, said Thursday it has fully repaid the live event company’s margin…
- 03/19/2020
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Liberty Media Corporation Announces Full Repayment of Live Nation Margin Loan
- Liberty Media Corporation Announces Full Repayment of Live Nation Margin Loan
- 03/19/2020
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Mercedes, Red Bull, McLaren and Williams F1 teams join fight against deadly coronavirus
- Mercedes, Red Bull, McLaren and Williams are lending their expertise to the battle to deal with the coronavirus pandemic.
- 03/19/2020
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Charles Schwab Investment Management Inc. Purchases 1,301 Shares of Liberty Braves Group Series A (NASDAQ:BATRA)
- Charles Schwab Investment Management Inc. grew its position in shares of Liberty Braves Group Series A (NASDAQ:BATRA) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,315 shares of the financial services provider’s stock after buying an additional 1,301 […]
- 03/19/2020
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Spanish, Monaco and Brazilian Grands Prix face chop as coronavirus forces F1 shutdown move
- The Spanish, Monaco and Brazilian Grands Prix might join the races in Australia and China on the scrapheap after the coronavirus pandemic forced F1 chiefs into a 2020 schedule rethink.
- 03/19/2020
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Liberty Braves Group Series C (NASDAQ:BATRK) Hits New 52-Week Low on Analyst Downgrade
- Liberty Braves Group Series C (NASDAQ:BATRK)’s stock price hit a new 52-week low on Tuesday after Morgan Stanley lowered their price target on the stock from $28.00 to $19.00. Morgan Stanley currently has an equal weight rating on the stock. Liberty Braves Group Series C traded as low as $16.19 and last traded at $16.19, […]
- 03/19/2020
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Lewis Hamilton sends inspirational message to fans as coronavirus causes F1 nightmare
- Lewis Hamilton has called on his fans to stay strong as the coronavirus pandemic rages across the world.
- 03/18/2020
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Barclays PLC Buys 5,276 Shares of Liberty Braves Group Series A (NASDAQ:BATRA)
- Barclays PLC lifted its stake in shares of Liberty Braves Group Series A (NASDAQ:BATRA) by 100.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,510 shares of the financial services provider’s stock after purchasing an additional 5,276 shares during the quarter. Barclays […]
- 03/18/2020
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Fmr LLC Sells 14,349,173 Shares of Liberty Braves Group Series C (NASDAQ:BATRK)
- Fmr LLC lessened its stake in shares of Liberty Braves Group Series C (NASDAQ:BATRK) by 100.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,994 shares of the financial services provider’s stock after selling 14,349,173 shares during the period. Fmr LLC’s holdings in […]
- 03/18/2020
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Hedge Funds Were Dumping iQIYI, Inc. (IQ) Before The Coronavirus
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/17/2020
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Hedge Funds Were Getting Burned By Genuine Parts Company (GPC) Before The Coronavirus
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/17/2020
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Hedge Funds Were Dumping Paycom Software Inc (PAYC) Before The Coronavirus
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/17/2020
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Do Hedge Funds Love Aramark (ARMK)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/17/2020
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Is PerkinElmer, Inc. (PKI) Going to Burn These Hedge Funds?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/17/2020
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Should You Buy Eastman Chemical Company (EMN)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/17/2020
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Here is What Hedge Funds Think About Teva Pharmaceutical Industries (TEVA)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/17/2020
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Do Hedge Funds Love Liberty Media Corporation (FWONK)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/17/2020
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What Lewis Hamilton said on Mercedes, Ferrari, Red Bull before F1 hit by coronavirus chaos
- Lewis Hamilton pinpointed Ferrari and Red Bull as Mercedes' biggest rivals before the start of the 2020 season was delayed due to the coronavirus pandemic.
- 03/16/2020
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Max Verstappen, Lewis Hamilton and Charles Leclerc prediction dropped by Red Bull F1 chief
- Max Verstappen, Lewis Hamilton and Charles Leclerc have been tipped to battle for F1 honours by Red Bull team principal Christian Horner.
- 03/15/2020
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F1 chiefs plan to salvage Monaco Grand Prix from coronavirus blitz in Lewis Hamilton boost
- F1 bosses are eager to keep the Monaco Grand Prix on the 2020 calendar even if they have to postpone May's race in the principality due to the coronavirus pandemic.
- 03/15/2020
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Analyzing E. W. Scripps (NYSE:SSP) and Liberty Braves Group Series A (NYSE:BATRA)
- E. W. Scripps (NYSE:SSP) and Liberty Braves Group Series A (NASDAQ:BATRA) are both small-cap consumer discretionary companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, earnings, profitability, risk, analyst recommendations and dividends. Earnings & Valuation This table compares E. W. Scripps and […]
- 03/15/2020
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How Ferrari upset Sebastian Vettel emerges as friend makes Charles Leclerc prediction
- Ferrari driver Sebastian Vettel felt the team should have backed him following an incident involving Lewis Hamilton at the 2019 Canadian Grand Prix.
- 03/14/2020
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Lewis Hamilton urged to make Ferrari decision as Bernie Ecclestone sends order to Mercedes
- Lewis Hamilton is on Ferrari's radar as they plan for 2021 but Bernie Ecclestone believes the F1 champion should stay at Mercedes.
- 03/14/2020
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Zacks: Brokerages Set $42.00 Price Target for Liberty Braves Group Series A (NASDAQ:BATRA)
- Shares of Liberty Braves Group Series A (NASDAQ:BATRA) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation. Analysts have set a 12 month consensus target price of […]
- 03/14/2020
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Max Verstappen's Dutch Grand Prix homecoming in danger as F1 plot Monaco start to season
- Max Verstappen might have to wait to race in the Dutch Grand Prix at Circuit Zandvoort.
- 03/13/2020
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Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q4 2019 Update
- Wallace Weitz's 13F portfolio value increased from $2.46B to $2.55B this quarter. The number of positions decreased from 72 to 68. Weitz Investment Management i
- 03/12/2020
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Contrasting Consolidated Communications (NASDAQ:CNSL) and Liberty Sirius XM Group Series C (NASDAQ:LSXMK)
- Consolidated Communications (NASDAQ:CNSL) and Liberty Sirius XM Group Series C (NASDAQ:LSXMK) are both utilities companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, profitability, earnings, risk and analyst recommendations. Valuation & Earnings This table compares Consolidated Communications and Liberty Sirius XM […]
- 03/04/2020
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B.Riley FBR Keeps a Buy Rating on Liberty Media Liberty Formula One (FWONK)
- B.Riley FBR analyst Zachary Silver maintained a Buy rating on Liberty Media Liberty Formula One (FWONK) today and set a price target of $47.00. The
- 03/03/2020
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B.Riley FBR Keeps a Buy Rating on Liberty Media Liberty Formula One (FWONK)
- B.Riley FBR analyst Zachary Silver maintained a Buy rating on Liberty Media Liberty Formula One (FWONK – Research Report) today
- 03/03/2020
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Atlanta Braves revenue hits record $476M in 2019
- The Atlanta Braves may be cautious when it comes to free agency spending, but it’s not because they don't have the money. Parent company Liberty Media reported on Wednesday that the Braves finished out 2019 with a record $476 million in total revenue, which is up 8% from 2018 when they brought in $442 million. While the development revenue remained flat over a year, the $438 million in baseball revenue is an 8% increase from the $404 million the team earned in 2018.
- 02/26/2020
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Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
- When you think of Berkshire Hathaway's (BRK.B) equity portfolio, most of which was selected by Chairman and CEO Warren Buffett, you very well might think of storied blue-chip stocks such as American Express (AXP), Coca-Cola (KO), and more recently, Apple (AAPL).Oh, those are still major components
- 02/18/2020
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Critical Survey: Telephone & Data Systems (NYSE:TDS) versus Liberty Sirius XM Group Series C (NYSE:LSXMK)
- Telephone & Data Systems (NYSE:TDS) and Liberty Sirius XM Group Series C (NASDAQ:LSXMK) are both utilities companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and valuation. Earnings and Valuation This table compares Telephone & Data Systems […]
- 02/18/2020
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Univision Pursued By Former Viacom CFO Wade Davis, Searchlight Capital
- As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. The latest e…
- 02/14/2020
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William Bryant Investor Profile: Portfolio & Exits | PitchBook
- Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for William Bryant. Use the PitchBook Platform to explore the full profile.
- 02/11/2020
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What’s Wrong at Tripadvisor?
- Tripadvisor recently laid off well over 300 employees to reboot its once-market-darling Experiences business as part of a wider reorganization. The company's share price has basically been in free fall since the summer of 2014 when it reached $110 per share. With coronavirus taking a toll in recent
- 02/05/2020
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Oxford Industries, iHeartMedia among Wall Street analysts’ favorite stocks
- Everybody likes an upgrade. For a previously unloved stock to be awarded an upgrade from a top analyst, the implications can be far reaching for investors. Often causing an uptick in the share price and setting a snowball effect in motion, the act can signal the turning of a corner in some cases.With
- 01/30/2020
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Oxford Industries, iHeartMedia among Wall Street analysts' favorite stocks
- Everybody likes an upgrade. For a previously unloved stock to be awarded an upgrade from a top analyst, the implications can be far reaching for
- 01/30/2020
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Financial Survey: Liberty Sirius XM Group Series B (NASDAQ:LSXMB) & Telephone & Data Systems (NASDAQ:TDS)
- Liberty Sirius XM Group Series B (NASDAQ:LSXMB) and Telephone & Data Systems (NYSE:TDS) are both computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, earnings, valuation, risk, institutional ownership, dividends and analyst recommendations. Insider and Institutional Ownership 0.0% of Liberty Sirius […]
- 01/29/2020
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Liberty GlobalWorking With Hemisphere Media on a Bid for Univision
- (Bloomberg) -- Liberty Global Plc.’s investment arm is working with Hemisphere Media Group Inc. on a bid for Spanish-language media giant Univision Communications Inc., according to people familiar with the matter.Final offers are due in February, said one of the people, who asked to not be identified
- 01/22/2020
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Liberty Media working with Hemisphere on Univision bid, Bloomberg reports BATRK;FWONK;FWONA;LBTYA;HMTV
- Liberty Media working with Hemisphere on Univision bid, Bloomberg reports BATRK FWONK FWONA LBTYA HMTV
- 01/22/2020
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Consider Following Malone Into Discovery
- If the true value of Seeking Alpha lies in the comment streams, it would seem prudent to pay attention when a highly respected name continues to pop up. John Ma
- 01/16/2020
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DOJ Reportedly May Challenge Liberty Media's Acquisition of iHeartMedia
- The Department of Justice may challenge Liberty Media's attempt to acquire iHeartMedia, a report says.
- 12/30/2019
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Liberty Media Corporation (BATRA): Hedge Funds In Wait-and-See Mode
- How do we determine whether Liberty Media Corporation (NASDAQ:BATRA) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows […]
- 12/20/2019
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Hedge Funds Are Selling The Liberty Braves Group (BATRK)
- Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
- 12/07/2019
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Here's how much the Braves made from playoff shares in 2019
- The Atlanta Braves got an early Christmas gift after receiving a total of $2,627,987.24 from this year's postseason appearance. The Braves are splitting up the pot between themselves and non-players who contributed to their second straight trip to the National League Division Series. Sixty-three full shares, worth $33,623.71 each, were issued by the Braves.
- 11/26/2019
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Liberty Media's Malone: 'I Don't See The Growth For HBO' In Streaming
- Some of the players are "going to look at the numbers and they’re going to say, ‘we no longer have the belief that Hail Mary passes are going to keep working,'" Malone said of the increasing number of streaming services making content available to consumers. For some, there just won’t be enough of a new audience, and Malone suggested one of those cases could be AT&T; Inc.'s (NYSE: T) HBO, even as it prepares to launch its new HBO Max service.
- 11/22/2019
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Atlanta Braves reel in $212 million in third quarter
- The Atlanta Braves saw a jump total revenue in the third quarter, but also took on $70 million in debt, parent company Liberty Media reported Monday. The Braves took in $212 million from July to September, which is up six percent from the third quarter last year ($200 million). Baseball revenue is comprised of ballpark operations, shared MLB revenue streams, local and national broadcast rights, according to Liberty Media (NASDAQ: BATRK).
- 11/11/2019
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Howard Marks' Oaktree Digs Out of StoneMor Partners
- Alternative asset management firm reduces stake in funeral home operator Continue reading...
- 10/31/2019
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Here’s What Hedge Funds Think About The Liberty Braves Group (BATRK)
- Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
- 10/29/2019
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Liberty TripAdvisor Holdings Inc (LTRPA) Q2 2019 Earnings Call Transcript
- LTRPA earnings call for the period ending June 30, 2019.
- 08/09/2019
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