Liberty Global has reportedly offered voluntary redundancy to around 800 of its 1,900 direct employees as part of restructuring efforts. The company, which has a 50 per cent stakes in Virgin Media O2 and VodafoneZiggo, confirmed the news in a statement to Bloomberg. “We’re reshaping our internal structure so that our operating model is positioned for […]
John Malone, one of the founders of the modern media landscape, has agreed a biography deal with Simon & Schuster to be called Born to Be Wired. Set for a September release, Malone is working again with writer Mark Robichaux who penned 2003’s Cable Cowboy memoir. “Over a lifetime of business deals, the most valuable […]
Liberty Media has announced that Derek Chang has been appointed President and Chief Executive Officer. Chang is a veteran executive across the global media, sports and entertainment industries. He has led operating, corporate development and investment teams at prominent companies during various stages of growth including EverPass Media, the NBA, DirecTV, Scripps, Charter and TCI. […]
Greg Maffei is stepping down as Liberty Media CEO at the end of 2024. John Malone will assume the role of interim CEO. This week the company said it plans to split off the Liberty Live Group, which would be comprised of 69.6 million shares of Live Nation Entertainment and Quint, among other assets. The […]
Liberty Media, which already controls US pay-radio service SiriusXM, plans to combine the two businesses, and then spin-off the radio company in a typical move by cable giant John Malone. The proposed scheme aims to spin off (or “split off”, in the words of the proposal) the then Liberty SiriusXM Group or LSXM, the group […]
Pay-radio operator SiriusXM is cutting its workforce by 8 per cent affecting some 475 positions. SiriusXM’s CEO Jennifer Witz used an email to staff saying that the layoffs come as SiriusXM is “entering into a new phase” of its business on top of “today’s uncertain economic environment.” In November 2022 Witz said that SiriusXM as […]
AT&T and Discovery have confirmed an agreement to combine WarnerMedia’s entertainment, sports and news assets with Discovery’s nonfiction and international entertainment and sports businesses to create a standalone global streaming entertainment company. Under the deal AT&T will receive $43 billion [€35.45bn] (subject to adjustment) in a combination of cash, debt securities, and will own 71 […]
The rumour mill surrounding the departure of Jim Meyer, CEO at pay-radio operator SiriusXM and the broadcaster’s CFO (David Frear) announced at the same time, has ramped up in earnest. One influential analyst, Jessica Reif Ehrlich from the Bank of America, describes the changes as a “significant shake-up” and says that a move by John […]