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

Beasley Sells Charlotte, Las Vegas FMs to EMF

Beasley Media Group

Beasley Media Group has entered into a definitive asset purchase agreement to sell CHR WNKS-FM (KISS 95.1) in Charlotte, NC, and the Alternative KXTE-FM signal in Las Vegas to Educational Media Foundation (EMF), with both transactions expected to close in mid-October pending FCC approval. As part of the More

Radio Hall of Fame Names 2026 Legends Class

Radio Hall of Fame

The Radio Hall of Fame has announced its nine Legends inductees for 2026, recognizing radio professionals whose lasting contributions to the industry continue to shape broadcasting. The Legends category honors individuals selected by the Radio Hall of Fame's Nominating Committee who More

Zoellner Media Group Realigns Tulsa FM Frequencies

Zoellner Media Group

Zoellner Media Group will realign the FM frequencies of two of its Tulsa stations later this month, with KRAV (Mix 96.5) and 102.3 KRMG swapping positions on the dial in a move designed to improve signal coverage across the market. Effective August 31, Mix 96.5 will become Mix More

Riverfront Launches Regional Sports Network

Riverfront Broadcasting

Riverfront Broadcasting has expanded its sports programming footprint with the acquisition of Fox Sports Rapid City, a move that also launches the new Riverfront Sports Network (RSN). A programming agreement took effect August 1 while the transaction awaits FCC approval. The Riverfront Sports Network More

Westwood One Report Highlights NFL Audio Reach

Cumulus Media | Westwood One

Westwood One says its NFL audio broadcasts continue to deliver significant reach and engagement for advertisers, according to new research highlighted in the company's 2026 NFL Listening Report. The report, featured in this week's Cumulus Media | Westwood One Audio Active Group blog by Chief Insights More

James Johnson Joins KCLB Weeknight Lineup

James Johnson

Connoisseur Media has promoted James Johnson to weeknight host on KCLB in Palm Springs, CA, effective Monday, August 3. Johnson, who currently serves as the cluster's Promotions and Marketing Director, will continue in that role while adding weeknight on-air responsibilities at the Coachella Valley Rock 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 ^®