Chairman John Malone to Serve as Interim CEO Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK)) today announced that President and Chief Executive Officer, Greg Maffei, will be stepping down from his role at the end of 2024. Liberty Media's Chairman, John Malone, will assume the role of interim CEO and will work closely with the Liberty Media executive team and the Board of Directors to ensure a seamless transition. Maffei will step down at the expiration of his contract at year-end and will serve as a Senior Advisor effective January 1st to support the management transition. "On behalf of the Liberty Media board, I'd like to thank Greg for his leadership,

Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK)) today announced that it is pursuing a plan to split off the Liberty Live Group (the "Split-Off"). Immediately prior to effecting the Split-Off, Liberty Media's subsidiary Quint would be reattributed from the Formula One Group to the Liberty Live Group in exchange for certain private assets. Any cash consideration would be determined at a future date based on relative valuations at the time of the reattribution. "The split-off of Liberty Live Group into a separate public entity will simplify Liberty Media's capital structure, should reduce the discount to net asset value of our Liberty Live stock and enhance t

Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK)) today reported third quarter 2024 results. Headlines include(1): Completed combination of Liberty SiriusXM Group and SiriusXM on September 9th Attributed to Formula One Group Refinanced F1 debt facilities, extending maturities and reducing margin on Term Loan B from 2.25% to 2.00% with anticipated future step down to 1.75% Secured all funding for MotoGP transaction and on track to close by year-end 2024 Completed public offering of 12.2 million FWONK shares for $949 million gross proceeds in lieu of issuing equity to sellers Raised deal-contingent incremental $850 million Term Loan B an

Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK))) will be holding its annual Investor Meeting on Thursday, November 14, 2024 with presentations beginning at approximately 9:30am E.T. During the Investor Meeting, observations may be made regarding the company's financial performance and outlook, as well as other forward looking matters. The annual Investor Meeting will be held in New York, NY and is open to shareholders, research analysts and press. Registration and webcast information is available on the Liberty Media website at https://www.libertymedia.com/investors/news-events/ir-calendar. After the presentations, John Malone, Chairman of Liberty Media, a

Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK))) will host a conference call to discuss results for the third quarter of 2024 on Thursday, November 7th at 10:00 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 the financial performance and outlook of the company, as well as other forward looking matters. Please call InComm Conferencing at (877) 704-2829 or +1 (215) 268-9864, confirmation code 13744092, at least 10 minutes prior to the call. Callers will need to b

The #1 leading vehicle brand* and the pinnacle of motorsport will be partnering to deliver a Hot Wheels Formula 1® product line, beginning with a one-of-a-kind collector die-cast drop on Mattel Creations For the first time, Mattel, Inc.'s (NASDAQ:MAT) Hot Wheels brand and Formula 1®, are partnering to bring the sport's fans a full range of Hot Wheels products. The new product line from the two iconic brands will feature F1® Teams and bring the thrill of F1 races to 1:64 scale to deliver a brand-new way for automotive enthusiasts to play and collect, allowing kids and adults to celebrate their passion for racing with Hot Wheels. This press release features multimedia. View the full release

Liberty Media Corporation ("Liberty") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK))) announced today that it closed the refinancing of the first lien Term Loan B and the maturity extension of the first lien Term Loan A and first lien revolving credit facility of certain subsidiaries of Delta Topco Limited, the Liberty subsidiary which holds all of its interests in Formula 1, on September 19, 2024. Delta Topco Limited and its subsidiaries ("Formula 1") refinanced the previous $1,700 million Term Loan B with a maturity of January 15, 2030 with a new $1,700 million Term Loan B with a maturity of September 30, 2031 and extended the maturities of the approximately $689 million Term Loan A and the $500 m

Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK))) and Sirius XM Holdings Inc. (NASDAQ:SIRI) announced that they completed the split-off (the "Split-Off") of Liberty Sirius XM Holdings Inc. ("New Sirius") today at 4:05 p.m., New York City time. Following the Split-Off, at 6:00 p.m., New York City time, a wholly owned subsidiary of New Sirius merged with and into Sirius XM Inc. (formerly known as Sirius XM Holdings Inc., "Old Sirius"), with Old Sirius surviving the merger as a wholly owned subsidiary of New Sirius (the "Merger"). As a result of these transactions, New Sirius is now an independent public company separate from Liberty Media, and has been renamed

Liberty Media Corporation (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) announced that Greg Maffei, President and CEO of Liberty Media Corporation, will be presenting at the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10th at 6:05 p.m. E.T. in San Francisco. 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

Liberty Media Corporation ("Liberty Media") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) and Sirius XM Holdings Inc. (NASDAQ:SIRI) ("Sirius XM") announced today that, assuming the requisite conditions to the previously announced redemptive split-off (the "Split-Off") of Liberty Sirius XM Holdings Inc. ("New Sirius") are satisfied or waived, as applicable, at 4:05 p.m., New York City time, on September 9, 2024, Liberty Media will redeem each outstanding share of Series A Liberty SiriusXM common stock ("LSXMA"), Series B Liberty SiriusXM common stock ("LSXMB") and Series C Liberty SiriusXM common stock ("LSXMK", and together with LSXMA and LSXMB, the "Liberty SiriusXM common sto

Liberty Media Corporation ("Liberty Media") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) announced that after over 20 years, Albert E. Rosenthaler will be retiring from Liberty effective January 1, 2024. Mr. Rosenthaler has served as Chief Corporate Development Officer since 2016. Previously, he was the top tax officer for Liberty Media and its predecessors since joining in 2002. Mr. Rosenthaler will become a Senior Advisor and remain a resource to the Liberty family of companies and its portfolio companies. "I want to thank Albert for his material contributions, partnership and dedication to Liberty over the years. His knowledge and expertise have delivered tremendous value

Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK, LLYVA, LLYVK))) will host a conference call to discuss results for the third quarter of 2024 on Thursday, November 7th at 10:00 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 the financial performance and outlook of the company, as well as other forward looking matters. Please call InComm Conferencing at (877) 704-2829 or +1 (215) 268-9864, confirmation code 13744092, at least 10 minutes prior to the call. Callers will need to b

Liberty Media Corporation ("Liberty") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of August 15, 2024 of its 2.75% Exchangeable Senior Debentures due 2049 (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 $1.5419 per $1,000 original principal amount of Debentures. As of September 3, 2024, the aggregate adjusted principal amount outstanding is approximately $585 million, after giving effect to today's quarterly inter

Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) today reported second quarter 2024 results. Headlines include(1): Attributed to Liberty SiriusXM Group SiriusXM reported second quarter 2024 operating and financial results Second quarter 2024 revenue of $2.18 billion Ad revenue of $443 million Net income of $316 million; diluted EPS of $0.08 Adjusted EBITDA(2) of $702 million Free cash flow(2) of $343 million SiriusXM reiterated 2024 financial guidance Liberty Media's ownership of SiriusXM was 83.3% as of July 30th Expect to complete planned combination of Liberty SiriusXM Group and SiriusXM on

Liberty Media Corporation ("Liberty Media") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) will host a conference call to discuss results for the second quarter of 2024 on Thursday, August 8th at 10:00 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. Following prepared remarks, the company will host a brief Q&A session during which management will accept questions regarding Liberty Media and Atlanta Braves Holdings, Inc. The press release and conference call may discuss the financial performance and outlook of these companies, as wel

Liberty Media Corporation ("Liberty") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of May 15, 2024 of its 2.75% Exchangeable Senior Debentures due 2049 (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 $1.5419 per $1,000 original principal amount of Debentures. As of June 3, 2024, the aggregate adjusted principal amount outstanding is approximately $585 million, after giving effect to today's quarterly interest paym

Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) today reported first quarter 2024 results. Headlines include(1): Attributed to Liberty SiriusXM Group SiriusXM reported first quarter 2024 operating and financial results First quarter 2024 revenue of $2.16 billion; up 1% year-over-year Ad revenue up 7% year-over-year Net income of $265 million; diluted EPS of $0.07 Adjusted EBITDA(2) of $650 million; up 4% year-over-year Free cash flow(2) of $132 million; down 8% year-over-year SiriusXM reiterated 2024 financial guidance Liberty Media's ownership of SiriusXM was 83.3% as of April 26th On schedul

Liberty Media Corporation ("Liberty Media") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) will host a conference call to discuss results for the first quarter of 2024 on Wednesday, May 8th at 10:00 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. Following prepared remarks, the company will host a brief Q&A session during which management will accept questions regarding Liberty Media and Atlanta Braves Holdings, Inc. The press release and conference call may discuss the financial performance and outlook of these companies, as well a

Expands Portfolio of High-Quality Global Sports Assets with World's Leading Motorcycle Racing Championship Transaction price represents enterprise value of €4.2 billion Carmelo Ezpeleta to remain CEO Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK))) announced today that it has entered into an agreement to acquire Dorna Sports, S.L. ("Dorna"), the exclusive commercial rights holder to the MotoGP™ World Championship, from Bridgepoint and Canada Pension Plan Investment Board ("CPP Investments"). MotoGP will be attributed to Liberty Media's Formula One Group tracking stock. MotoGP is the pinnacle of motorcycle racing and features breathtaking races with top speeds a

Liberty Media Corporation ("Liberty") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of February 15, 2024 of its 2.75% Exchangeable Senior Debentures due 2049 (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 $1.5419 per $1,000 original principal amount of Debentures. As of March 1, 2024, the aggregate adjusted principal amount outstanding is approximately $585 million, after giving effect to today's quarterly interes

Liberty Media Corporation ("Liberty Media") (NASDAQ:LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK))) will host a conference call to discuss results for the fourth quarter of 2023 on Wednesday, February 28th at 10:00 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. Following prepared remarks, the company will host a brief Q&A session during which management will accept questions regarding Liberty Media and Atlanta Braves Holdings, Inc. The press release and conference call may discuss the financial performance and outlook of these companies, as

UBS initiated coverage of Formula One Group C with a rating of Neutral and set a new price target of $85.00

Morgan Stanley downgraded Formula One Group C from Overweight to Equal-Weight and set a new price target of $70.00 from $80.00 previously

Wolfe Research upgraded Formula One Group C from Peer Perform to Outperform

Wolfe Research initiated coverage of Formula One Group C with a rating of Peer Perform

Rosenblatt initiated coverage of Formula One Group C with a rating of Buy and set a new price target of $81.00

JP Morgan reiterated coverage of Liberty Formula One Group with a rating of Overweight and set a new price target of $65.00 from $60.00 previously

Morgan Stanley reiterated coverage of Liberty Formula One Group with a rating of Equal-Weight and set a new price target of $58.00 from $55.00 previously

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume PINS CALL SWEEP BULLISH 07/19/24 $41.50 $25.2K 11 1.4K META CALL TRADE BULLISH 07/19/24 $495.00 $69.2

Evercore ISI Group analyst Vijay Jayant maintains Liberty Formula One Gr (NASDAQ:FWONK) with a Outperform and raises the price target from $85 to $90.

The first two projects of this collaboration will focus on improving the current pit wall system, a key source of information for racing teams, and enriching the fan experience mobile application used at each raceThe digital consultant and software development provider becomes an Official Partner of Formula 1 in a multi-year dealMIAMI, May 2, 2024 /PRNewswire/ -- Globant and Formula 1 have today announced a multi-year partnership until 2026 to elevate the digital experiences for both F1 teams and fans. As an Official Partner, Globant will support Formula 1 in building best-in-class IT systems and products. As its first project, Globant – with 29,000+ professionals and a presence in 33 countr

Motorsport league Formula 1, which is owned by Liberty Formula One (NASDAQ:FWONA) (NASDAQ:FWONK) returns to the United States this weekend with the third annual Miami Grand Prix. Here are some of the top storylines for the race. Donald Trump Fundraising: Former President Donald Trump continues his efforts to campaign and fundraise for the 2024 presidential election, while he also attends a criminal trial in New York. Formula 1 has halted a fundraising event organized by Trump at the Miami Grand Prix. The event was stopped after the Miami Grand Prix sent a cease and desist letter to Trump on Friday, according to the Washington Post. The cease and desist letter was issued as Trump

Liberty Media Corporation ("Liberty Media") (NASDAQ:FWONA, FWONK))))) announced today that it has entered into an agreement to acquire Dorna Sports, S.L. ("Dorna"), the exclusive commercial rights holder to the MotoGP™ World Championship, from Bridgepoint and Canada Pension Plan Investment Board ("CPP Investments"). MotoGP will be attributed to Liberty Media's Formula One Group tracking stock. Liberty Media will acquire 86% of MotoGP with MotoGP management retaining approximately 14% of their equity in the business. The transaction reflects an enterprise value for MotoGP of €4.2 billion and an equity value of €3.5 billion with the existing debt balance at MotoGP expected to remain in place

- Financial Times

Evercore ISI Group analyst Vijay Jayant maintains Liberty Formula One Group (NASDAQ:FWONK) with a Outperform and raises the price target from $80 to $85.

Companies Reporting Before The Bell • ICL Group (NYSE:ICL) is likely to report quarterly earnings at $0.08 per share on revenue of $1.69 billion. • Golden Ocean Group (NASDAQ:GOGL) is likely to report quarterly earnings at $0.27 per share on revenue of $193.12 million. • Wallbox (NYSE:WBX) is likely to report earnings for its fourth quarter. • Immunocore Hldgs (NASDAQ:IMCR) is estimated to report quarterly loss at $0.28 per share on revenue of $67.23 million. • Royal Bank of Canada (NYSE:RY) is likely to report quarterly earnings at $2.08 per share on revenue of $9.95 billion. • TG Therapeutics (NASDAQ:TGTX) is likely to report quarterly loss at $0.10 per share on revenue of $40.06 mil

Formula One rejected a proposal to add an all-American team to the racing series — a move that could stymie growth in the U.S. What Happened: Formula One, which trades as Liberty Formula One Group (NASDAQ:FWONA)(NASDAQ:FWONK), nixed a proposal by former Formula 1 driver Michael Andretti. Andretti, who is part of one of the most famous racing families in history, teamed up with General Motors Company (NYSE:GM) unit Cadillac on a joint bid to join the league in 2025 or 2026. The Andretti proposal included the reliance on using Renault engines in the short term. Formula One left the door open for Andretti to join the league in 2028 if his team uses GM racing engines, according to E

One of the hottest topics among members of Congress and investors has been the stock and options trading activity by several politicians. A new report reveals how several members of Congress outperformed the overall market, and also shares some of the top stocks and sectors picked the most by those in office. What Happened: Many stock indexes ended 2023 trading at all-time highs or near all-time highs, with 2023 turning into a rebound year for investors after a down 2022. A new report released by Unusual Whales highlighted the top traders in Congress with Brian Higgins (D-N.Y.) taking the crown with a 238.9% gain from 2023 trades. The report found that 32 members of Congress beat