Liberty Media Corporation

Liberty Media Corporation

Liberty Media Corporation

Overview
Date Founded

1991

Headquarters

12300 Liberty Boulevard, Englewood, CO, 80112, USA

Type of Company

Public

Employees (Worldwide)

4,555

Industries

Cable, Satellite, and Radio Telecommunications
Consumer Services
Recreation & Leisure
Internet Software & Services
Entertainment

Company Description

Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the SIRIUS XM and Formula 1 segments. The SIRIUS XM segment provides subscription based satellite radio service. The Formula 1 segment refers to a global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer, Senior Vice President & Controller

General Counsel

Senior Vice President, Deputy General Counsel & Secretary

Chief Corporate Development Officer

Chief Portfolio Officer

Senior Advisor

President & Chief Executive Officer

Vice President & Deputy General Counsel

Strategic Account Executive

Board of Directors

Founder at Malone Family Foundation

Former Head-Capital Markets Communications & Media Group at Royal Bank of Canada

President & Chief Executive Officer at Liberty Media Corporation

Former Executive Vice President at Tele-Communications, Inc.

Managing Director at Hilltop Investments LLC

Director at Liberty Global (Private Equity)

Former President & Chief Executive Officer at Lifetime Entertainment Services LLC

President & Director at Trine Acquisition Corp.

Founding Member at REX 1516

Member, Board of Directors at Qurate Retail, Inc.

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Owners & Shareholders
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RCG typically manages accounts in accordance with their overall investment objective and strategy, which seeks long-term growth of capital. They use fundamental analysis in formulating investment advice and managing client assets. Fundamental analysis of issuers involves analyzing an issuer's financial statements, management and competitive advantages, and competitors and markets. The firm typically employs bottom-up fundamental analysis. RCG seeks to meet their overall objective and strategy by investing in equity and debt securities of issuers identified by the Adviser through its fundamental, bottom-up analysis of issuers. The firm invests in equity securities of US and non-US issuers on behalf of their clients. The firm also invests in fixed-income and debt securities on behalf of their clients. In connection with managing the private funds, and some managed accounts, RCG or their supervised persons may also invest in other securities and instruments, including derivatives.

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Caledonia Investments generally employs a single long-short global equity investment strategy across all clients. Their investment objective is to seek high absolute returns over a long term horizon by investing on a long/short basis primarily in corporate equity securities, predominantly listed securities, and related instruments in global markets. The firm intends to achieve this investment objective by focusing on stock picking and deep fundamental research with respect to smaller issuers whose equities the firm believes the markets are generally less efficient in pricing to drive alpha. Generally, detailed bottom-up financial modelling is conducted on an individual issuer basis in an attempt to understand the driver and magnitude of such issuer's earnings advantage. The firm typically takes a three- to five-year view when making an investment on the long side, and a one- to two-year view on the short side. Caledonia Investments is typically not limited as to the variety of instruments it may deploy but client portfolios would generally include: listed equities, unlisted equities, swaps and other derivatives, options, futures, forward foreign-exchange contracts and fixed income securities.

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Eminence Capital focuses on fundamental long/short equity investing. The firm employs a research-driven, \"quality value\" investment strategy to achieve the fund's investment objective. Their investment diligence process is based on a combination of rigorous financial and qualitative analysis intended to help them determine the quality and durability of a business and determine the value of the business's security. The factors they analyze in determining the quality and durability of a business include barriers to entry, threat of substitutes, power of customers and suppliers, capital requirements, return on invested capital, earnings predictability, growth potential, quality and depth of management, rivalry among competitors, competitive position and quality of accounting. They make a two-part analysis in valuing a security. They first determine a security's current intrinsic value and then they determine the likelihood and magnitude of appreciation or depreciation in a security's future value. Eminence Capital executes their diligence and monitoring process in several ways including, but not limited to, construction of proprietary financial models and analysis; scrutiny of regulatory filings, management commentary and financial statements; evaluating third party company and industry information; performing qualitative field research to gain perspective on the industry and the company; meeting with senior management personnel; utilizing quantitative analysis and data science to enhance investment analysis; and performing thesis-specific fieldwork on topics identified during completion of their diligence.

Recent Transactions
Details Hidden

Liberty Media Corporation, Sirius XM Holdings, Inc. purchase Pandora Media LLC

Details Hidden

Liberty Media Corporation, Automatic Labs, Inc. purchase PayTollo, Inc.

Details Hidden

Liberty Media Corporation issued USD Common Stock

Transaction Advisors
Legal Advisor

Advised onLiberty Media Corporation purchases Sirius XM Holdings, Inc.

Underwriter

Advised onLiberty Media Corporation issued USD Common Stock

Advised onLiberty Media Corporation issued USD Common Stock

Legal Advisor

Advised onLiberty Media Corporation purchases Formula One Holdings Ltd. from CVC Advisers Ltd.

Legal Advisor

Advised onLiberty Media Corporation purchases Formula One Holdings Ltd. from CVC Advisers Ltd.

Legal Advisor

Advised on purchases Liberty Media Corporation from Starz

Advisors & Consultants
Senior Advisor

Former Chief Financial Officer & Chief Accounting Officer at Liberty Media Corporation

Legal Advisor

Partner at Kirkland & Ellis LLP

Legal Advisor

Partner at Wilkinson Walsh and Eskovitz

Clients

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following business areas: Vehicle, Financial and Others. The Vehicle division offers motor vehicles. The Financial division provides financing, leasing and credit cards. The Other division includes manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

Key Stats and Financials As of 2018
Market Capitalization
$9.34B
Total Enterprise Value
$11.7B
Earnings Per Share
$-0.65
Revenue
$1.83B
Net Profit
$-150M
EBITDA
$350M
EBITDAMargin
19.16%
Total Debt
$5.04B
Total Equity
$5.55B
Enterprise Value Sales
6.43x
Enterprise Value EBITDAOperating
33.56x
TEVNet Income
-78.32x
Debt TEV
0.43x
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$2,500
2013
$1,250
2012
Investments
Details Hidden

Formula One Holdings Ltd. operates as an administrator of the FIA Formula One Grand Prix Championship and annual Grand Prix races. The company was founded by Bernard Charles Ecclestone in 1996 and is headquartered in London, the United Kingdom.

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Drone Racing League, Inc. provides racing gear and simulator products. The company was founded by Nicholas Horbaczewski on May 6, 2015 and is headquartered in New York, NY.

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Saavn LLC provides web and mobile music streaming services. It supports array of display and rich media advertisement units, both internet advertising bureau standard and custom sponsorships, across web, wap, and mobile platforms. The company was founded by Paramdeep Singh, Vinodh V. Bhat, Anurag Gupta, Rishi Malhotra, Anjali Jindal Naik and Neal Shenoy in 2006 and is headquartered in New York, NY.

Investors
Details Hidden

Group Chief Technology Officer at Daily Mail & General Holdings Ltd.

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Founder at AdRoll, Inc.

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Venture Advisor at Relay Ventures

Suppliers

American Society of Composers Authors & Publishers operates as a membership association. It is composed of U.S. composers, songwriters, lyricists, and music publishers of every kind of music. The firm protects the rights of its members by licensing and distributing royalties for the non-dramatic public performances of their copyrighted works. The company is headquartered in New York, NY.

Live Nation Entertainment, Inc. Internet Software & Services | Beverly Hills, California

Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising, Ticketing, and Artist Nation. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues. The Sponsorship and Advertising segment offers sales force that creates and maintains relationships with sponsors through a combination of international, national, and local opportunities that allow businesses to reach customers through concerts, venue, festivals and ticketing assets, including advertising on websites. The Ticketing segment includes selling of tickets for events on behalf of clients and retains a fee, or service charge for these services. The Artist Nation consists of management services to music artists and clients in exchange for a commission on the earnings of these artists. The company was founded on August 2, 2005 and is headquartered in Beverly Hills, CA.

Kingsmen Creatives Ltd. Holding Companies | Singapore, CE

Kingsmen Creatives Ltd. is an investment holding company that engages in the provision of corporate marketing and other related services. It operates through the following business segments: Exhibitions & Museums; Retail & Corporate Interiors; Research & Design; Alternative Marketing; and Corporate & Others. The Exhibitions & Museums segment produces exhibition displays as well as thematic and scenic display of theme parks. The Retail & Corporate Interiors segment provides interior fitting-out services. The Research & Design segment comprises of design works for upmarket specialty stores, department stores, eateries, museums, centers for visitors, corporate offices, showrooms, trade shows, events, promotional functions, and festivals. The Alternative Marketing segment consists of event management, branding consultancy services, and custom publishing. The Corporate & Others segment relates to group-level corporate services. The company was founded by Chin Sim Ong and Siak Poh Soh in 1976 and is headquartered in Singapore.

Competitors
General Motors Company Automobiles - Detroit, Michigan

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Alphabet, Inc. Internet Software & Services - MOUNTAIN VIEW, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube. The Other Bets segment includes businesses such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Apple, Inc. Computer Hardware - Cupertino, CA

Apple, Inc. engages in designing, manufacturing, and marketing of mobile communication, media devices, personal computers, and portable digital music players. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings. Apple was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

Awards & Honors
Rank #525
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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