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Liberty Media Proposes Combining With SiriusXM to Form ‘New SiriusXM’

“SiriusXM minority shareholders will also benefit from enhanced trading dynamics, including increased liquidity and likelihood of future index inclusion.”

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SiriusXM Logo

Liberty Media has proposed combining with SiriusXM. The group, which also owns controlling interest in the Atlanta Braves and Formula One Racing, has proposed forming a “new, consolidated public company” with the satellite radio giant.

According to the Liberty Media website, the company already owns 83% of SiriusXM. Combining the to companies would give Liberty full control of both SiriusXM and Pandora.

If a deal were to close, minority shareholders would own 16% of SiriusXM. Liberty proposes the other 84% would belong to holders of LSXM stock. 

“Liberty’s proposal rationalizes the dual corporate structure between LSXM and SiriusXM and provides value to all shareholders with a more flexible and attractive currency in New SiriusXM,” Liberty president and CEO Greg Maffei said. “SiriusXM minority shareholders will also benefit from enhanced trading dynamics, including increased liquidity and likelihood of future index inclusion.”

SiriusXM issued a statement acknowledging the proposal. The company had no recommendation to shareholders at this time.

“There can be no assurance that the proposal, or any other transaction, will be completed or, if so, as to the terms and conditions of any such transaction,” the statement says.

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Media Business

Benztown to Host Programming Webinar Featuring Dr. Ed Cohen and Mike McVay

“In today’s radio environment where every quarter-hour matters, there are quarter-hours hidden everywhere.”

Barrett News Media

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A photo promoting a Benztown webinar featuring Mike McVay and Dr. Ed Cohen

Benztown is announcing plans for a webinar featuring Dr. Ed Cohen and Mike McVay centered around utilizing data to increase listening credits in the Nielsen radio ratings.

Unlocking Radio Secrets: Every Minute Matters; Improving Your Ratings will be held on Thursday, June 27th at 1 PM ET. In the webinar, Benztown will showcase its SpotGPS tool for radio programmers.

The software “is a powerful tool … that transforms airplay data into powerful and actionable commercial content analysis in a compelling, visual, and intuitive form that is a game-changer for radio stations,” according to the company, who designed it specifically for PPM markets.

“In today’s radio environment where every quarter-hour matters, there are quarter-hours hidden everywhere. Some radio stations know where they are and how to take advantage of them. Knowing where they are illuminates an otherwise dark room,” the company said of the webinar. “Some radio stations accept the darkness and blame ratings methodology. The smart ones live in the light.”

The upcoming webinar is free to those wishing to attend. To register, click here.

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Media Business

Remote News Service Adds 3 New Markets

“I’m so pleased that all of our team’s hard work is paying off.”

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Remote News Service has added three new markets to its growing list of affiliates.

The news network will now provide services to WXJB-FM near Tampa, WIRY-FM in Plattsburgh, New York, and to Oklahoma City stations owned by Champling Broadcasting — which includes Freedom 96.9.

“I’m so pleased that all of our team’s hard work is paying off. Happy clients, make us super happy, and really proud,” Remote News Service owner Lesley Lotto said.

“The addition of Remote News Service has been a big boost to our local news,” stated WXJB GM Barbara Manuel. “It has dramatically raised the profile of our talk station. We are already out selling it!” 

“I would highly recommend Remote News Service if you are considering an outside source to cover your local news. Our anchor has been very responsive and professional,” added WIRY co-owner Joey Trombly. “We transitioned to this service and it was seamless. We are getting positive feedback in our marketplace since we made this change”.

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Media Business

Libsyn Completes Integration With YouTube API Features for Podcast Publishers

“By integrating YouTube directly into our platform, we’re empowering creators to expand their reach and engage with a broader audience while simplifying their workflow.”

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A photo of the YouTube and Libsyn logos

Libsyn has announced it has successfully integrated with YouTube and its new Podcast API features, making publishing to YouTube Music an easier process for its customers.

“Our mission at Libsyn is to be the premier destination for anyone at any stage of their podcasting journey to distribute their podcast, grow their audience, and monetize their content,” said CEO John Gibbons. “We’ve evolved from a singular hosting provider to a suite of services for creators and advertisers through our investments in platform innovations and expanded partnerships.

“By integrating YouTube directly into our platform, we’re empowering creators to expand their reach and engage with a broader audience while simplifying their workflow.”

Podcast publishers with Libsyn can now directly upload their episodes to YouTube Music. The new integration can also convert audio files to MP4 video files.

Streamlining the process to upload to YouTube Music as two studies in 2023 showed YouTube is the most used podcast platform in the United States.

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