Liberty Media Corp. Interactive Common S (LINTA, Financial) filed Quarterly Report for the period ended 2010-09-30.
Liberty Media Corp. Interactive Common S has a market cap of $8.63 billion; its shares were traded at around $15.01 with a P/E ratio of 16.3 and P/S ratio of 1. LINTA is in the portfolios of Daniel Loeb of Third Point, LLC, Wallace Weitz of Weitz Wallace R & Co, Mason Hawkins of Southeastern Asset Management, Bill Nygren of Oak Mark Fund, Donald Yacktman of Yacktman Asset Management Co., Dodge & Cox, Chris Davis of Davis Selected Advisers, Mario Gabelli of GAMCO Investors, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Paul Tudor Jones of The Tudor Group, Murray Stahl of Horizon Asset Management, Jim Simons of Renaissance Technologies LLC, Jeremy Grantham of GMO LLC, George Soros of Soros Fund Management LLC, Jean-Marie Eveillard of First Eagle Investment Management, LLC.
On September 16, 2010, Liberty Media's board of directors approved a change in attribution of Liberty Media's interest in Starz Media, LLC along with $15 million in cash from its Capital Group to its Starz Group, effective September 30, 2010 (the "Starz Media Reattribution"). As a result of the Starz Media Reattribution, an intergroup payable of approximately $54.9 million owed by Liberty Media's Capital Group to its Starz Group has been extinguished, and its Starz Group has become attributed with approximately $53.7 million in bank debt, interest rate swaps and any shutdown costs associated with the winding down of the Overture Films business. Notwithstanding the Starz Media Reattribution, the board determined that certain tax benefits relating to the operation of the Starz Media, LLC business by Liberty Media's Capital Group that may be realized from any future sale or other disposition of that business by Liberty Media's Starz Group will remain attributed to its Capital Group.
The term "Capital Group" also does not represent a separate legal entity, rather it represents all of our businesses, assets and liabilities that we have attributed to it. The Capital Group has attributed to it all of our businesses, assets and liabilities not attributed to the Interactive Group or the Starz Group, including our subsidiaries Starz Media through September 30, 2010, ANLBC, TruePosition and minority equity investments in SIRIUS XM, Live Nation, Time Warner and Sprint. In addition, as of September 30, 2010, we have attributed $1,581 million of cash, including subsidiary cash, and $1,888 million principal amount of our exchangeable senior debentures and other parent debt to the Capital Group. The Capital Group will also include such other businesses that our board of directors may in the future determine to attribute to the Capital Group, including such other businesses as we may acquire for the Capital Group.
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Liberty Media Corp. Interactive Common S has a market cap of $8.63 billion; its shares were traded at around $15.01 with a P/E ratio of 16.3 and P/S ratio of 1. LINTA is in the portfolios of Daniel Loeb of Third Point, LLC, Wallace Weitz of Weitz Wallace R & Co, Mason Hawkins of Southeastern Asset Management, Bill Nygren of Oak Mark Fund, Donald Yacktman of Yacktman Asset Management Co., Dodge & Cox, Chris Davis of Davis Selected Advisers, Mario Gabelli of GAMCO Investors, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Paul Tudor Jones of The Tudor Group, Murray Stahl of Horizon Asset Management, Jim Simons of Renaissance Technologies LLC, Jeremy Grantham of GMO LLC, George Soros of Soros Fund Management LLC, Jean-Marie Eveillard of First Eagle Investment Management, LLC.
Highlight of Business Operations:
the change in attribution from the Interactive Group to the Capital Group of Liberty's 14.6% ownership interest in Live Nation Entertainment, Inc.; the change in attribution from the Capital Group to the Interactive Group of the following debt securities: $469 million in principal amount of 4% Exchangeable Senior Debentures due 2029 (the "2029 Exchangeables"); $460 million in principal amount of 3.75% Exchangeable Senior Debentures due 2030 (the "2030 Exchangeables"); and $492 million in principal amount of 3.5% Exchangeable Senior Debentures due 2031 (the "2031 Exchangeables", and together with the 2029 Exchangeables and the 2030 Exchangeables, the "Exchangeable Notes"); the change in attribution from the Capital Group to the Interactive Group of approximately $830 million in net taxable income to be recognized ratably in tax years 2014 through 2018 as a result of the cancellation in April 2009 of $400 million in principal amount of 2029 Exchangeables and $350 million in principal amount of 2030 Exchangeables; and the change in attribution from the Capital Group to the Interactive Group of $807 million in cash. I-34On September 16, 2010, Liberty Media's board of directors approved a change in attribution of Liberty Media's interest in Starz Media, LLC along with $15 million in cash from its Capital Group to its Starz Group, effective September 30, 2010 (the "Starz Media Reattribution"). As a result of the Starz Media Reattribution, an intergroup payable of approximately $54.9 million owed by Liberty Media's Capital Group to its Starz Group has been extinguished, and its Starz Group has become attributed with approximately $53.7 million in bank debt, interest rate swaps and any shutdown costs associated with the winding down of the Overture Films business. Notwithstanding the Starz Media Reattribution, the board determined that certain tax benefits relating to the operation of the Starz Media, LLC business by Liberty Media's Capital Group that may be realized from any future sale or other disposition of that business by Liberty Media's Starz Group will remain attributed to its Capital Group.
The term "Capital Group" also does not represent a separate legal entity, rather it represents all of our businesses, assets and liabilities that we have attributed to it. The Capital Group has attributed to it all of our businesses, assets and liabilities not attributed to the Interactive Group or the Starz Group, including our subsidiaries Starz Media through September 30, 2010, ANLBC, TruePosition and minority equity investments in SIRIUS XM, Live Nation, Time Warner and Sprint. In addition, as of September 30, 2010, we have attributed $1,581 million of cash, including subsidiary cash, and $1,888 million principal amount of our exchangeable senior debentures and other parent debt to the Capital Group. The Capital Group will also include such other businesses that our board of directors may in the future determine to attribute to the Capital Group, including such other businesses as we may acquire for the Capital Group.
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