10 Things You Didn’t Know About Liberty Media Corporation

Liberty Media Corporation is one of the largest mass media companies in the world and it is also referred to as either Liberty Media or simply Liberty. This company is currently controlled by chairman John O. Malone and he has the majority of the voting shares. While this is a well-known corporation, there are many things that people do not know about this company. Here are ten things that you didn’t know about Liberty Media Corporation.

1. It was Founded in 1991

Liberty Media Corporation was founded in 1991 as a spin-off of the American cable-television group TCI. John O. Malone hired Peter Barton to become the president of the company and Barton held this position until he decided to retire in 1997 to spend time with his family. Initially, Liberty Media took over the assets of TCI that were considered to have very little value. However, Barton transformed the company to make it a success by making a deal every ten days for six years.

2. They Have a Stake in Barnes & Noble Bookstores

This company has stakes in many different forms of media companies, including publishing. Liberty Media Corporation announced in May 2011 that they were in talks to buy the bookstore chain Barnes & Noble for a staggering $1.02 billion. Although they eventually did not acquire the company, they did spend $204 million on a 16% stake of preferred stock. Barnes & Noble was founded in 1873 and is now the bookseller with the most retail stores in the United States as it has 633 stores in various locations. Their headquarters are located in New York City.

3. They Acquired the Formula One Group in 2017

In January 2017, Liberty Media made one of the biggest moves in the relations between sports and media by securing a deal to buy the Formula One Group. This is a collection of companies that are responsible for promoting the FIA Formula One World Championship and for the commercial rights of the sport. This deal cost Liberty $4.6 billion. Liberty also owns various stakes in companies that fall into the Formula One Group. These include Associated Partners, L.P., Drone Racing League, Ideiasnet, NRIX, Kroenke Arena Company, Live Nation Entertainment Inc., Saavn, and Tastemade.

4. They Own the Atlanta Braves Franchise

The Formula One Group is not liberty’s only interest in sports management as they also own the Atlanta Braves Franchise. Atlanta Braves is a professional baseball franchise based in Atlanta. This baseball team competes in the MLB and is a member of the NL.

5. They Invest in Telecommunications

In addition to their own interests, Liberty Media Corporation is a major investor and is particularly interested in investing in media and telecommunications companies. They currently hold stock in some of the world’s biggest telecommunications companies.

6. They Created the Spin-Off Starz Inc.

STARZ! Was one of Liberty’s original satellite television networks when the company was founded and they merged this network with Encore in 1998. In January 2015, Liberty decided to create Starz Inc. as a spin-off company with STARZ! As its flagship channel. Starz Inc. was acquired by Lionsgate in December 2016.

7. They Own the Majority Share of Liberty SiriusXM Group

Although much of the focus at Liberty Media Corporation is on television, they also own the majority share of the Liberty SiriusXM Group, which is a group of three satellite radio and online radio services in the United States.

8. Their Headquarters Are in Colorado

Liberty Media Corporation is an international company that provides media services worldwide. However, they are based in the United States. Their headquarters are located in Douglas County, Colorado.

9. Greg Maffei is the President and CEO

The current president and CEO of Liberty Media Corporation is Greg Maffei. He joined the company in 2005. In addition to holding the posts of president and CEO of Liberty Media Corporation, he is also the chairman of Sinus XM, TripAdvisor, and Live Nation Entertainment. Furthermore, he is also the chairman emeritus of Expedia and Starz. His past roles have included working as the chief financial officer for Microsoft and Oracle.

10. Their 2015 Revenue Was $4.795 Billion

Liberty Media Corporation has a huge turnover each year. In 2015, their revenue was an estimated $4.795 billion. This consisted of an operating income of $950 million, a net income of $64 million, total assets of $29.798 billion, and total equity of $10.933 billion.

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Careers CEOs Companies Education Entertainment Legal Politics Science Sports Technology
online addiction
20 Things You Didn’t Know about Remojo
Jason Citron
10 Things You Didn’t Know About Jason Citron
Marston Hefner
10 Things You Didn’t Know about Marston Hefner
Collectibles Credit Cards Investing Real Estate Stocks
Black Friday
A Comprehensive Guide to Shopping on Black Friday
Boeing
Is Boeing Stock a Solid Long Term Investment?
Draft Kings
Is Draft Kings Stock a Solid Long Term Investment?
Aviation Boats Food & Drink Hotels Restaurants Yachts
International flights
The Best Times to Book International Flights
Dubai Air Show
The History and Evolution of the Dubai Airshow
Guided Walking Tours
The 20 Best Things to do in Nice, France
BMW Bugatti Cadillac Ferrari Lamborghini Mercedes Porsche Rolls Royce
2022 Subaru Ascent
A Closer Look at the 2022 Subaru Ascent
Cadillac Lyriq
Everything You Need to Know about the Cadillac Lyriq
Kia Stinger
Why The Kia Stinger is an Underrated Car
BMW Motorcycles Buell Ducati Harley Davidson Honda Motorcycles Husqvarna Kawasaki KTM Triumph Motorcycles Yamaha
Harley-Davidson CVO Limited (2017-Present Day)
The Five Best Harley Davidson CVO Models Money Can Buy
Harley
What Kind of Battery Does a Harley Davidson Use?
Harley 48
Why Is the Harley 48 Called the 48?
Electronics Fashion Health Home Jewelry Pens Sneakers Watches
Rolex Daytona (ref. 116508)
The Five Best Green Rolex Watches Money Can Buy
Oakley
Are Oakley Kato Sunglasses Worth The Price?
Rolex Watch Box
The Evolution of Rolex Watch Boxes
Christopher Nolan
How Christopher Nolan Achieved a Net Worth of $250 Million
Bo Derek
How Bo Derek Achieved a Net Worth of $40 Million
Summer Walker
How Summer Walker Achieved a Net Worth of $4 Million
Dan Levy with Schitt's Creek Cast
How Dan Levy Achieved a Net Worth of $14 Million