Liberty Media Officially Becomes Majority Owner Of SiriusXM
January 18, 2013

After months of buying up shares of SiriusXM, Liberty Media has officially become the satcaster's majority owner. Liberty purchased another 50,000,000 shares of SIRI on Tuesday (1/15), which Bloomberg reports gives the private equity firm approximately a 50.5 percent stake in the company.

Liberty now owns 1.99 billion common shares of SiriusXM, along with 1.29 billion convertible shares, according to a Thursday filing. If the converted shares are added to the outstanding shares in the satcaster, it gives Liberty the 50.5 percent majority ownership, according to Bloomberg.

As previously reported, Liberty Media plans to take control of the SiriusXM Board of Directors and choose a new CEO for the company. In December, James Meyer was named Interim CEO, replacing Mel Karmazin.

Earlier this month, the FCC granted approval of Liberty's request to assume SiriusXM's broadcast licenses, a necessary step in Liberty's takeover.




 
Breaking News
Jelli Selects Digigram To Provide Sound Cards For RadioSpot
In Brief - September 23, 2014
September 22, 2014
BIA/Kelsey Projects $139.3 Billion In Local Media Revenue By 2015
Allison Warren Named VP/Market Manager For Cumulus-Nashville
Lauren MacLeash Named OM For CBS Radio's KMNB, KZJK/Minneapolis
CBS Radio’s “We Can Survive” Concert Returns On October 24
In Brief - September 22, 2014
September 19, 2014
Broadcast Music, Inc. Reports Record-Breaking Revenues Of $977 Million
The Week In Review: 9/15-9/19
106.7 The Beat Comes to Columbus
In Brief - September 19, 2014
September 18, 2014
Cat Collins Joins iHeartMedia's National Programming Platforms Team
TT Torrez Joins HOT 97/New York As Music Director
In Brief - September 18, 2014
September 17, 2014
Charese Fruge Named VP, Programming, CBS Radio Las Vegas
iHeartRadio Music Festival To Stream, Broadcast Live Across Multiple Platforms Nationwide
KDKB/Phoenix Becomes ALT AZ 93-3, Arizona's Alternative
Report: U.S. Advertising Expenditures Increased 0.7 Percent In Q2 2014
In Brief - September 17, 2014
September 16, 2014
Clear Channel Rebrands As iHeartMedia
Nielsen Releases Radar September 2014 Network Ratings
Republic Records Restructures Media Department, Adds Key Executives
NRG Media Names Erica Dreyer Director Of Integrated Media
In Brief - September 16, 2014
September 15, 2014
Music News
T.I. Gets Paperwork In Order
Nickelback Moving To No Fixed Address In November
FMQB Photo Pass: Lily Allen
Quick Hits: Kelly Clarkson, Bob Dylan, Iggy Azalea, Lana Del Rey, Jeff Bridges
iHeartRadio Festival Takes Over Vegas
FMQB Photo Pass: Black Keys
Quick Hits: Lorde, Hozier, Charli XCX, Madonna, Pink Floyd
Jennifer Hudson Talks New Album
The Week In Review: 9/15-9/19
Quick Hits: Queen, Freddie Mercury, Michael Jackson, Foo Fighters, JLo, Iggy Azalea,
U2, Apple Partnership Has More In Store
Quick Hits: Metallica, Kanye West & Lorde, Dr. Dre, Paul McCartney
FMQB Photo Pass: Steve Winwood & Tom Petty
Quick Hits: Lecrae, Bruce Springsteen, Jessie J
Taylor Swift Talks 1989
FMQB NOW

Marissa Lanchak
APD/MD
WFLY/Albany

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!