Liberty Media’s Brilliant iHeart Strategy

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  • How Liberty Media’s John Malone has a lock on the iHeart bankruptcy not Bob Pittman and Bain.
  • Why an aging satellite company SiriusXM wants to own free radio that comes with its own aging problems.
  • But Liberty is not willing to pay more than $1 billion for iHeart -- how it plans to steal the company for pennies.
  • When Liberty got control of Sirius they went it alone without Mel Karmazin, remember?  If they could live without a master media operator like Karmazin, what happens to Pittman?  Turns out it’s complicated.
  • Okay, let’s just blurt this out – why does a smart guy like Malone want increasingly irrelevant media companies. Is it just low prices or does he know something other moguls don’t know. 

A new subscription also unlocks these full articles …    

The Fraudulent iHeart Bankruptcy
Berner: Everything Is For Sales
Cumulus Blows Up Detroit
The Death of Live & Local
The Threat of SiriusXM
Bankrupt iHeart’s $80 Million in Bonuses
Brutal Entercom Firing

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