Liberty Affiliate Seeks DOJ Permission for Larger iHM Stake

Liberty Media

An affiliate of John Malone's Liberty Media Corp. wants permission from the Department of Justice to acquire a larger stake of iHeartMedia, reports the Wall Street Journal. Liberty currently owns 4.8% of iHeartMedia through its Liberty SiriusXM Group. WSJ says the deal now under consideration could give it control or outright ownership of the broadcaster. However, Liberty hasn't decided what kind of transaction, if any, it would proceed with should it receive permission.

WSJ says Liberty acquired its iHeartMedia stake through the debt it assumed before the company restructured, which converted to equity when the broadcaster emerged from bankruptcy earliery this year.

Liberty owns 33% of Live Nation Entertainment, making it the company's largest shareholder, and 71% of satellite radio SiriusXM Holdings Inc. Last year, Liberty's SiriusXM purchased of Pandora Media -- in which it also held a controlling stake -- for $3 billion.

Latest Radio Stories

Kyle Youmans Named New Voice of the Ravens

Kyle Youmans

The Baltimore Ravens have named Kyle Youmans as the new "Voice of the Ravens," succeeding longtime play-by-play announcer Gerry Sandusky, who retired in April after 20 seasons in the role. Youmans will serve as the team's radio play-by-play announcer for in-season broadcasts and call Ravens preseason More

CMG Names Jules Riley Atlanta Programming Chief

Jules Riley

Cox Media Group (CMG) has appointed Jules Riley as Director of Operations and Programming for its Atlanta radio cluster, overseeing the programming strategy and daily operations for WSB-FM, WSRV and WALR. In her new role, Riley will oversee content and operational leadership across the stations, working More

Cumulus Promotes Jay Davis to Regional VP

Jay Davis

Cumulus Media has promoted Jay Davis to Regional Vice President, expanding his leadership responsibilities to include oversight of the company's six-station cluster in Colorado Springs, CO, while continuing to lead its Oklahoma City operations. Davis will retain his role as Vice President & Market Manager More

Caroline Beasley Inducted Into FAB Hall of Fame

Caroline Beasley

Beasley Media Group CEO Caroline Beasley has been inducted into the 2026 Florida Broadcasters Hall of Fame, one of the industry's highest honors, during the Florida Association of Broadcasters' Annual Conference at The Breakers Resort in Palm Beach, FL. The Hall of Fame recognizes broadcasters whose More

Heather Roberts Named News Director at KXL Portland

Heather Roberts

Connoisseur Media has promoted Heather Roberts to News Director at KXL in Portland, OR, expanding her leadership responsibilities at the heritage News/Talk outlet while she continues as co-anchor of Portland's Morning News. In her new role, Roberts will oversee the editorial direction of KXL's newsroom, More

BFOA Giving Day Supports Broadcasters in Need

Broadcasters Foundation of America (BFOA)

The Broadcasters Foundation of America (BFOA) will hold its annual Giving Day on Thursday, raising funds to support radio and television professionals facing severe financial hardship caused by debilitating illness, natural disasters, and other life-altering circumstances. The More

Return to Menu

Liberty Affiliate Seeks DOJ Permission for Larger iHM Stake

Latest Radio Stories

Follow us on:

Copyright © 1989-2026 RADIO ONLINE ^®

Liberty Affiliate Seeks DOJ Permission for Larger iHM Stake

Latest Radio Stories

Follow us on:

Copyright © 1989-2026 RADIO ONLINE ®

Copyright © 1989-2026 RADIO ONLINE ^®