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

Jeff Pohjola Named KNWN News and Program Director

Jeff Pohjola

Lotus Seattle has named Jeff Pohjola Director of News & Programming for KNWN (Northwest Newsradio 97.7 FM/AM 1000), effective immediately, as the company also rolls out new weekday lineups for KNWN and 570 KVI beginning Monday, October 5. In his expanded role, Pohjola will oversee programming strategy and More

Tiffany McCormack Named GM of WNOR and WAFX

Tiffany McCormack

Saga Communications has promoted Tiffany McCormack to General Manager of Hampton Roads Media Group, overseeing Active Rock WNOR-FM and Classic Rock WAFX (106.9 The Fox) in Norfolk, VA. McCormack succeeds Carol Commander, who has departed after more than 25 years with the company. Commander had served as More

Country Radio Hall of Fame Opens 2027 Nominations

Country Radio Hall of Fame

The Country Radio Hall of Fame (CRHoF) has opened nominations for its Class of 2027, with submissions accepted through Friday, October 30. Founded in 1974, the Country Radio Hall of Fame recognizes individuals who have made significant contributions to the country radio and music More

John Goforth Named President of Gamut Podcast Network

John Goforth

Hubbard | Media That Connects has named John Goforth President of Gamut Podcast Network, effective immediately. Goforth, who has led Gamut since 2024, will continue overseeing the network's content, sales and growth strategy. The new title positions Gamut alongside Hubbard's other media and entertainment More

WCCO Returns as Timberwolves Radio Flagship

Minnesota Timberwolves

The Minnesota Timberwolves and Audacy's WCCO-AM (News Talk 830 WCCO) in Minneapolis have signed a multi-year, multi-platform agreement that returns the station as the NBA team's flagship radio home beginning with the 2026-27 season. Under the agreement, WCCO will air all Timberwolves regular-season games More

Compass to Sell Ads for TJ Show and LiveLine

Compass Media Networks

Radiocraft has selected Compass Media Networks to handle all advertising sales for the nationally syndicated "The TJ Show" and "LiveLine with Mason," effective January 1, 2027. "The TJ Show," hosted by TJ Taormina, airs in morning drive on more than 130 stations. Taormina previously served as a co-host 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 ^®