Media mogul John Malone’s Liberty Media — which owns audio entertainment powerhouse SiriusXM, the Formula One racing circuit, and a stake in events promoter Live Nation Entertainment, among others — has disclosed that president and CEO Greg Maffei’s 2023 compensation package amounted to $28.66 million, compared with $22.36 million in 2022. He had earned $21.58 million in 2021.
A regulatory filing emphasized that Maffei’s and other executives’ salary portion of their compensation packages “represents only that portion of each named executive officer’s salary that was allocated to our company,” adding that “the portion of Mr. Maffei’s base salary attributable to the former Braves Group” is reported in that company’s proxy statement. The proxy for the Braves, which Liberty previously split off, shows Maffei as having received a $210,000 salary in 2023.
Maffei’s Liberty Media compensation included $7.1 million in stock awards, which he had not received in 2022, while the value of his option awards...
A regulatory filing emphasized that Maffei’s and other executives’ salary portion of their compensation packages “represents only that portion of each named executive officer’s salary that was allocated to our company,” adding that “the portion of Mr. Maffei’s base salary attributable to the former Braves Group” is reported in that company’s proxy statement. The proxy for the Braves, which Liberty previously split off, shows Maffei as having received a $210,000 salary in 2023.
Maffei’s Liberty Media compensation included $7.1 million in stock awards, which he had not received in 2022, while the value of his option awards...
- 4/26/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
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Even after reversing its subscription declines and cutting down on costs, Netflix is still overvalued at around 260, Liberty Global Chairman John C. Malone said Tuesday.
Speaking at the annual Paley International Council Summit in New York, Malone stuck to his long-term view of the stock, even as its price has gone down, saying that competition will limit Netflix’s profitability in the future.
“The fact that Disney was able to launch and get to scale, pretty powerful and pretty quickly is a pretty good indication that that thesis is correct,” Malone said.
As far as gaining sustainable profitability in the space, Malone said he believes it “will take quite a while to sort out,” since consumers love high quality, but remain highly sensitive on pricing.
Netflix and other competitors are trying to combat that price sensitivity by launching lower priced advertising-supported tiers. Still,...
Even after reversing its subscription declines and cutting down on costs, Netflix is still overvalued at around 260, Liberty Global Chairman John C. Malone said Tuesday.
Speaking at the annual Paley International Council Summit in New York, Malone stuck to his long-term view of the stock, even as its price has gone down, saying that competition will limit Netflix’s profitability in the future.
“The fact that Disney was able to launch and get to scale, pretty powerful and pretty quickly is a pretty good indication that that thesis is correct,” Malone said.
As far as gaining sustainable profitability in the space, Malone said he believes it “will take quite a while to sort out,” since consumers love high quality, but remain highly sensitive on pricing.
Netflix and other competitors are trying to combat that price sensitivity by launching lower priced advertising-supported tiers. Still,...
- 11/8/2022
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Discovery and AT&T have determined the 13 members of the board of directors for Warner Bros Discovery, the new company that will be created via a pending $43 billion merger.
The board includes many existing directors for Discovery and AT&T, parent of WarnerMedia and soon to be a partner in the new entity. Samuel Di Piazza, who currently sits on AT&T’s board, will be chairman of Warner Bros. Discovery.
Discovery CEO David Zaslav, who will lead the new company, will be a Discovery designee to the Wbd Board. As agreed in the initial merger proposal last May, Discovery gets six designated board members and AT&T gets seven. John Malone, a billionaire and widely respected media veteran, is one of the key Discovery choices and had long advocated for the merger with WarnerMedia.
Current AT&T board members being named to the Wbd Board will step down from their...
The board includes many existing directors for Discovery and AT&T, parent of WarnerMedia and soon to be a partner in the new entity. Samuel Di Piazza, who currently sits on AT&T’s board, will be chairman of Warner Bros. Discovery.
Discovery CEO David Zaslav, who will lead the new company, will be a Discovery designee to the Wbd Board. As agreed in the initial merger proposal last May, Discovery gets six designated board members and AT&T gets seven. John Malone, a billionaire and widely respected media veteran, is one of the key Discovery choices and had long advocated for the merger with WarnerMedia.
Current AT&T board members being named to the Wbd Board will step down from their...
- 3/15/2022
- by Dade Hayes
- Deadline Film + TV
The Television Academy has announced the recipients of the 68th Engineering Emmy Awards honoring development and innovation in broadcast technology. Liberty Media chairman John C. Malone will receive the Charles F. Jenkins Lifetime Achievement Award, which “honors a living individual whose ongoing contributions have significantly affected the state of television technology and engineering.” Malone will be honored for his lifetime commitment and immeasurable contributions…...
- 9/27/2016
- Deadline TV
After three years of twists, turns, tense negotiations and litigation, Barry Diller and John Malone have finally unraveled their complicated, 17-year business "marriage."
In a deal announced Thursday, Liberty Media has traded its 34% interest in Diller's Iac for $220 million in cash and the assets of Evite and Gifts.com. In classic Malone fashion, the deal is tax free to Liberty shareholders (of whom Malone is the largest).
And in an even bigger surprise, Diller also announced that he will surrender his duties as CEO of Iac to Greg Blatt, now CEO of one of his subsidiaries, Match.com, but will remain active as chairman of the board.
"It's been clear to me for some time that this company needs a full-time aggressive and aspirational executive in the CEO role," Diller said in a statement.
That seemed to suggest that Diller wasn't full time, when every indication is that he has...
In a deal announced Thursday, Liberty Media has traded its 34% interest in Diller's Iac for $220 million in cash and the assets of Evite and Gifts.com. In classic Malone fashion, the deal is tax free to Liberty shareholders (of whom Malone is the largest).
And in an even bigger surprise, Diller also announced that he will surrender his duties as CEO of Iac to Greg Blatt, now CEO of one of his subsidiaries, Match.com, but will remain active as chairman of the board.
"It's been clear to me for some time that this company needs a full-time aggressive and aspirational executive in the CEO role," Diller said in a statement.
That seemed to suggest that Diller wasn't full time, when every indication is that he has...
- 12/3/2010
- The Hollywood Reporter - Movie News
New York – Barry Diller’s stepped down as CEO of IAC Thursday morning.
His company unveiled a deal with John Malone’s Liberty Media that will see the latter exchange its entire stake in the online company for $220 million in cash, as well as the Evite and Gifts.com businesses.
IAC also said that Diller will focus on the role of chairman and senior executive at the company, with Match.com CEO Greg Blatt taking over as CEO. Diller said IAC needs "a full time aggressive and aspirational” CEO, and Blatt can provide leadership to ensure the company can "grow and thrive many years into the future." Diller also highlighted his continued commitment to IAC by saying that he is "not going anywhere."
After the Liberty deal, Diller owns about 34% of IAC, the largest individual stake in the firm. He has the right to expand it to 41% over the next nine months.
His company unveiled a deal with John Malone’s Liberty Media that will see the latter exchange its entire stake in the online company for $220 million in cash, as well as the Evite and Gifts.com businesses.
IAC also said that Diller will focus on the role of chairman and senior executive at the company, with Match.com CEO Greg Blatt taking over as CEO. Diller said IAC needs "a full time aggressive and aspirational” CEO, and Blatt can provide leadership to ensure the company can "grow and thrive many years into the future." Diller also highlighted his continued commitment to IAC by saying that he is "not going anywhere."
After the Liberty deal, Diller owns about 34% of IAC, the largest individual stake in the firm. He has the right to expand it to 41% over the next nine months.
- 12/2/2010
- The Hollywood Reporter - Movie News
New York -- Rupert Murdoch's News Corp. and John Malone's Liberty Media are interested in NBC Universal, according to a report by CNBC, citing sources.
Cable company Comcast has been widely reported to be in talks with NBC Universal parent General Electric to buy a controlling stake in the broadcast, cable and movie company.
Under the proposed deal, NBC Universal would become a joint venture 51% owned by Comcast and 49% by Ge.
But Ge, which has been pressured by investors to offload its 80% stake in NBC Universal, is considering a host of proposals for NBC Universal, as partner Vivendi Sa whether to sell its 20% stake.
News Corp, which owns the Fox TV network and the Wall Street Journal, had been seen as a less likely bidder, analysts have said, because taking a stake in NBC might raise antitrust concerns with the U.S. government.
Liberty Media has been seen as...
Cable company Comcast has been widely reported to be in talks with NBC Universal parent General Electric to buy a controlling stake in the broadcast, cable and movie company.
Under the proposed deal, NBC Universal would become a joint venture 51% owned by Comcast and 49% by Ge.
But Ge, which has been pressured by investors to offload its 80% stake in NBC Universal, is considering a host of proposals for NBC Universal, as partner Vivendi Sa whether to sell its 20% stake.
News Corp, which owns the Fox TV network and the Wall Street Journal, had been seen as a less likely bidder, analysts have said, because taking a stake in NBC might raise antitrust concerns with the U.S. government.
Liberty Media has been seen as...
- 10/12/2009
- by By Yinka Adegoke, Reuters
- The Hollywood Reporter - Movie News
Rupert Murdoch and his News Corp. and John Malone and his Liberty Media made it official Friday: they're splitting up.
The long-expected deal has Liberty giving up its 16.3% stake in News Corp. in exchange for News Corp's. entire 38.5% stake in DirecTV Group. News Corp. will also pay Liberty $550 million in cash and give it regional sports networks FSN Northwest, FSN Pittsburgh and FSN Rocky Mountain.
News Corp. in effect is buying back $11 billion in its own stock that was held by Liberty Media, which had been the conglomerate's second-largest investor behind the Murdoch family
The swap, which ought to happen by the middle of next year after regulatory approval, should move Liberty into the U.S. media big leagues by adding some distribution muscle to its content assets from its taking control of satellite TV giant DirecTV, which boasts 15.6 million subscribers. DirecTV rival EchoStar Communications said Friday its Dish Network surpassed 13 million subscribers.
The companies said "it is expected" that DirecTV president and CEO Chase Carey will remain in that role, though Liberty will appoint new directors to fill board seats that will be vacated by News Corp. representatives.
The long-expected deal has Liberty giving up its 16.3% stake in News Corp. in exchange for News Corp's. entire 38.5% stake in DirecTV Group. News Corp. will also pay Liberty $550 million in cash and give it regional sports networks FSN Northwest, FSN Pittsburgh and FSN Rocky Mountain.
News Corp. in effect is buying back $11 billion in its own stock that was held by Liberty Media, which had been the conglomerate's second-largest investor behind the Murdoch family
The swap, which ought to happen by the middle of next year after regulatory approval, should move Liberty into the U.S. media big leagues by adding some distribution muscle to its content assets from its taking control of satellite TV giant DirecTV, which boasts 15.6 million subscribers. DirecTV rival EchoStar Communications said Friday its Dish Network surpassed 13 million subscribers.
The companies said "it is expected" that DirecTV president and CEO Chase Carey will remain in that role, though Liberty will appoint new directors to fill board seats that will be vacated by News Corp. representatives.
- 12/26/2006
- The Hollywood Reporter - Movie News
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