DOJ Approves Live Nation Owner’s Increased Stake in iHeartMedia
Live Nation Entertainment owner Liberty Media got approval from the Department of Justice to dramatically increase its stake in iHeartMedia, over the objection of anti-monopoly advocates. Liberty, which already controls Sirius XM and Pandora in addition to its 33 percent stake in Live Nation and Ticketmaster, got approval to... Read more
Liberty Media Moves Live Nation to Different Asset Group
Liberty Media announced this week that it would re-attribute its 33 percent stake in Live Nation Entertainment, along with other assets, from Formula One Group to its SiriusXM tracking stock, according to The Hollywood Reporter. Over the years, analysts have wondered if Liberty could eventually acquire control of Live... Read more
Liberty Media Repays Live Nation Loan, Helping Stabilize Stock
While coronavirus (COVID-19) spreads across the globe, the live event industry has taken a big hit – cancelling major festivals and concerts. To help Live Nation, which has been strapped financially on top of millions in debt, Liberty Media fully repaid the promoter giant’s margin loan. According to a... Read more