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Liberty Media Corporation Message Board

  • no_need_no_stinkin_badges no_need_no_stinkin_badges Jan 5, 2014 10:15 PM Flag

    Why would SIRI shareholders want LMCA C shares?

    As a SIRI shareholder please tell me what is so hot about Liberty that I should want to give up SIRI shares for new non voting Liberty C shares?

    I see that Liberty owns part of Charter, PBS News Hour, and Barnes & Noble (which cannot compete with Amazon and is like Borders that went BK). But to me, it looks like the best part of Liberty is SIRI which I already own.

    Honestly, as a SIRI shareholder, SIRI has competitive headwinds and needs a new growth strategy like going international. That takes investment. But Malone wants to take SIRI cash (starve it) to buy Time Warner cable so he can be "king of cable". Cable is 20th century with declining subs; people are cancelling cable subs.

    So, please tell me why I would want to exchange my SIRI shares at 3.68 that are worth at least 4.60 for Liberty. I just do not get it.

    Seems like Malone wants to kill the golden goose.

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