“That should stop any discussion that anyone says that our friends, the Saudis, are going to buy it next week or something like that,” said Greg Maffei during an investors conference interrupted by an animal rights activist protesting sponsorship of the Iditarod dog-sled race.
John Malone’s Liberty Media paid $4.4 billion to buy the motorsports giant in 2017 and has since invested to boost the consumer appeal of the auto racing series, a marquee event for TV sport channels worldwide. Paramount+ recently became an official partner of the racing cars circuit as Formula 1 increases its profile online.
In January 2023, media reports pointed to Saudi Arabia offering a $20 billion bid for the marquee race car series, which Liberty Media rebuffed. Maffei also discussed stepped up competition for Liberty Media’s audio entertainment powerhouse SiriusXM from traditional free radio and music subscription services like Spotify and Apple Music. “We do see increased competition, but we continue to get our share of customers particularly high end customers because of the ease of use of the product,” he told the investors conference.
And Maffei said Howard Stern wasn’t going anywhere soon after renewing his contract with Sirius Radio for
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silicon Valley Bank’s former CEO says Fed, social media contributed to bank’s collapseThe fastest pace of rate hikes by the Federal Reserve in decades combined with negative social media sentiment contributed to the failure of SVB Financial Group’s Silicon Valley Bank, said Greg Bec…
Read more »
Ex-SVB CEO Greg Becker blames rate hikes, social media for bank’s collapse“The takeover of SVB has been personally and professionally devastating, and I am truly sorry for how this has impacted SVB’s employees, clients and shareholders,” he said in prepared t…
Read more »
New Twitter CEO Linda Yaccarino Warned Advertisers Off Social Media Pretty Darn RecentlyAs an advertising executive at NBCUniversal, Linda Yaccarino said network television was the only safe place for advertisers to go. Will she be able to sell the opposite message as the CEO of Twitter?
Read more »
Ex-Google CEO Says We Should Trust AI Industry to Self-RegulateHe might not helm Google anymore, but Eric Schmidt is absolutely still thinking like a tech CEO when it comes to AI.
Read more »
Former Silicon Valley Bank CEO says rate hikes, withdrawals sank firmGreg Becker, former CEO of failed lender Silicon Valley Bank, apologized in congressional testimony for its 'devastating' collapse while citing rising interest rates and mounting withdrawal requests as key causes of its demise.
Read more »
Tesla CEO Elon Musk says he must approve all new hires in internal email'No one can join Tesla, even as a contractor, until you receive my email approval,' Musk wrote in an email to everybody at Tesla.
Read more »