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☆ Liberty Media's next generation may not be in the media business, says chairman John Malone
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiberty Media's next generation may not be in the media business, says chairman John MaloneJohn Malone, Liberty Media chairman, joins 'Squawk on the Street' to discuss what is to come with Liberty Media's ownership of Formula One, what the next generation of Liberty Media looks like, and much more.

Persons: John Malone John Malone Organizations: Liberty, Liberty Media, Formula

☆ Liberty Media's John Malone: I miss being the decision-making executive
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiberty Media's John Malone: I miss being the decision-making executiveCNBC's David Faber joins 'Squawk on the Street' with Liberty Media Chairman John Malone.

Persons: Liberty Media's John Malone, CNBC's David Faber, John Malone Organizations: Liberty, Liberty Media

☆ CNBC Sport: NBC still doesn't have a deal for John Tesh's 'Roundball Rock' theme
▼ + stars: | 2024-11-14 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +15 min

NBC Sports still expects to come to a deal with Tesh, according to a person familiar with the matter. How to value a theme song like "Roundball Rock" is nebulous at best. Any sports fan of the 1990s can tell you that John Tesh's "Roundball Rock" is synonymous with "The NBA on NBC." NBC Sports still expects to come to a deal with Tesh, according to a person familiar with the matter. How to value a theme song like "Roundball Rock" is nebulous at best.

Persons: Alex Sherman, John Tesh, I'm, Tesh, NBC Sports isn't, hasn't, Marv Albert, Bob Costas, NBA hasn't, there's, he's, Mark Wilf, Donald Trump, Wilf, Adam Silver, Silver, NBCU's Peacock, David Zaslav, John Malone, Greg Maffei, Malone, Diamond, That's, Mike Tyson, Jake Paul, it's, CNBC's Lillian Rizzo, Mike Ozanian, –, Juan Soto, Ohtani, Paul Archuleta, John Tesh's Organizations: CNBC, NBA, NBC, NBC Sports, Disney, Amazon, Warner Bros, Fox Sports, Big East, Chicago Bulls, Tesh, Minnesota Vikings, Major League Soccer's Orlando City, Orlando Pride, Vikings, Orlando, Paley Center for Media, Summit, ESPN, TNT, CNBC Sport, Liberty Media, Liberty, Atlanta Braves, Diamond Sports, Major League Baseball, NHL, Fitness, Holdings, Netflix, NFL, Philadelphia Phillies, NBC Sports Philadelphia, Industry, Hallmark, Universal Studios Hollywood, Getty Locations: Nashville, Orlando City, Trump, Texas, London, Universal City , California

Liberty Media announced Wednesday that it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end. After the split, Liberty Media will hold Formula One, which Liberty acquired in 2016 and later spun out as a tracking stock, and MotoGP, upon the closing of that transaction. The Liberty Media and Liberty Live split is expected to be completed in the second half of 2025, and the sale of Liberty Broadband to Charter is projected to be completed in mid-2027. "Following today's announcements at Liberty Media and Liberty Broadband, all the Liberty acquisitions completed during my tenure are now in structures where shareholders can have more direct ownership in their upside," Maffei said in a separate release. He's chairman of the board of Liberty Media, Liberty Broadband and Liberty Global.

Persons: Greg Maffei, John Malone, Malone, Chris Marangi, it's, It's, Quint, Maffei, He's, Discovery — Organizations: Liberty Media, Formula, Liberty, Liberty Media . Liberty, Gabelli, MotoGP, Live Nation Entertainment, Communications, Liberty Broadband, Liberty Live Group, Charter, Warner Bros, Discovery, Liberty Global, TCI, AT Locations: Manhattan, Liberty

Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country's largest owner of regional sports networks, according to a Friday bankruptcy court filing. The filing noted that both MLB and the Braves have a vested interest in Diamond Sports succeeding with a reorganization plan, but they are not convinced that the one currently proposed is viable. Meanwhile, Diamond will seek approval of its reorganization plan from a U.S. bankruptcy judge on Thursday. The Friday objection does not mean that the Braves have turned away from Diamond for their regional media rights. On Friday, the Cincinnati Reds said they would exit their regional sport network owned by Diamond, according to a court filing.

Persons: Diamond didn't, Diamond, FanDuel, John Malone's, Malone Organizations: Major League Baseball, Atlanta Braves, Diamond Sports Group, Braves, MLB, Sports, Diamond Sports, Amazon, Bally Sports, Atlanta Braves Holdings, John Malone's Liberty Media, Liberty Media, Diamond, Louis Cardinals, Miami Marlins, Cincinnati Reds

☆ Comcast's strategy is to 'morph' NBC Network into Peacock, says Liberty Media's John Malone
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailComcast's strategy is to 'morph' NBC Network into Peacock, says Liberty Media's John MaloneCNBC's David Faber joins 'The Exchange' with his conversation with Liberty's John Malone about the possibility of Comcast spinning off its cable channels into their own company.

Persons: Liberty Media's John Malone CNBC's David Faber, Liberty's John Malone Organizations: NBC Network into Peacock, Comcast

☆ How Liberty Media became one of the world's most valuable sports empires
▼ + stars: | 2024-10-21 | by ( Chris Hawes | ) www.cnbc.com time to read: +4 min

Charles Leclerc of Monaco driving the (16) Ferrari SF-23 on track during practice ahead of the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 17, 2023 in Las Vegas, Nevada. Mark Thompson | Getty Images Sport | Getty ImagesWhen Liberty Media Chairman John Malone finalized the $4.4 billion acquisition of Formula One in 2017, he knew he was onto something. Mark Thompson | Getty Images Sport | Getty ImagesEvening out the field created more exciting story lines, which Netflix seized on. But to crack America, F1 needed a spectacle, and the 2023 Las Vegas Grand Prix would provide it. Mark Thompson | Getty Images Sport | Getty Images

Persons: Charles Leclerc of Monaco, Ferrari, Mark Thompson, John Malone, Fred Vasseur, — Ferrari, Red Bull, Mercedes AMG, Zak Brown, CNBC's, Max Verstappen, Stuart Pringle, Malone, Brown, Stefano Domenicali, Alexander Albon, Williams FW45 Mercedes, Kevin Magnussen, Haas, Autodromo Jose Carlos Pace Organizations: Las Vegas, Circuit, Getty, Liberty Media, Formula, Liberty, Ferrari HP, Constructors, Honda, McLaren Racing, Oracle Red Bull, Prix, Qatar, Lusail, Netflix, Silverstone, CNBC, Dells, Miami, Austin, Vegas, Autodromo Jose Locations: Las Vegas , Nevada, Netherlands, parc ferme, Lusail City, Qatar, U.S, Vegas, Thailand, Denmark, Brazil, Sao Paulo

☆ Meet the people driving billions of dollars in deals for Formula 1
▼ + stars: | 2024-10-20 | by ( ) www.cnbc.com time to read: +1 min

In the high-octane world of Formula One, success is driven by more than just talented drivers and engineers. F1's dealmakers have brokered billions of dollars in revenue off the circuit, generating cash from several places, including media rights, ticket sales, merchandising and sponsorship. Our main source of success is because we are able to connect with our fans, understanding that we are a worldwide business," said Stefano Domenicali, Formula One Group CEO, in an interview with CNBC's Inside Track: The Business of Formula 1. In fact, it was a major deal — Liberty Media's acquisition of F1 in 2017 — that propelled the sport forward. That's where we need to be strong, and that's maybe the reason why we are so successful," he added.

Persons: Stefano Domenicali, Domenicali, Zak Brown, James Vowles, Fréd Vasseur Organizations: Formula One, Liberty, McLaren, Williams Racing, Ferrari HP Locations: United States

☆ Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal
▼ + stars: | 2024-10-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. Warren Buffett's Berkshire Hathaway continued to increase its stake in SiriusXM , now owning 32% of the New York-based satellite radio company. Berkshire hiked its bet after billionaire John Malone's Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the audio entertainment company. Buffett's firm first bought Liberty Media's trackers in 2016 and started piling into SiriusXM's tracking stocks in the beginning of 2024 after the deal announcement in a likely merger arbitrage play. Meanwhile, the Liberty transaction, which reduced share count by 12%, could cause the company to pause stock buybacks until 2027, which will likely weigh on shares, the analyst said.

Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, John Malone's, Ted Weschler, Todd Combs, Sebastiano Petti Organizations: Berkshire Hathaway, Securities and Exchange Commission, Berkshire, John Malone's Liberty Media, Atlanta Braves, Liberty, JPMorgan Locations: Omaha , Nebraska, SiriusXM, York, The Omaha , Nebraska

☆ LVMH and Formula One announce 10-year partnership
▼ + stars: | 2024-10-02 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

The Race winner trophy is seen in a Louis Vuitton trunk on the grid prior to the F1 Grand Prix of Monaco at Circuit de Monaco on May 26, 2024 in Monte-Carlo, Monaco. Liberty Media -owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from the companies Wednesday afternoon. The partnership will officially launch at the start of next F1 season and will include "hospitality, bespoke activations, limited editions and outstanding content." The official arrangement will not be the first time that LVMH and F1 have worked together. F1 worked with one of LVMH's brands during last year's Las Vegas Grand Prix and the team-up was a success, according to Liberty Media president and CEO Greg Maffei.

Persons: Greg Maffei, Maffei, Bernard, Frédéric Organizations: of Monaco, Circuit de Monaco, Carlo, Liberty Media, Las Vegas, Prix Locations: Louis, Monte, Monaco

☆ I tried a Formula 1 experience. The race simulator is fun — but it's pricey and over too soon.
▼ + stars: | 2024-07-18 | by ( Paige Bruton | ) www.businessinsider.com time to read: +1 min

F1 Arcade, an F1 racing simulator experience, is coming to Washington DC and Las Vegas by 2025. Netflix's "Drive to Survive" series has boosted Formula 1's US popularity. I tested F1 Arcade in London to see what all the fuss was about. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementF1 Arcade, a restaurant and bar that houses e-sport racing game machines meant to mimic the Formula 1 driving experience, is one of the latest ways the sport is being monetized after Netflix's hit series "Formula 1: Drive to Survive."

Persons: —, Netflix's, Liberty Media — Organizations: Washington DC, Service, Formula, Liberty Media, Business Locations: Vegas, London, Boston

☆ F1 dispute with Andretti Global draws in U.S. lawmakers
▼ + stars: | 2024-05-24 | by ( Chris Hawes | ) www.cnbc.com time to read: +5 min

Anna Moneymaker | Getty ImagesA dispute over whether to accept American motorsports giant Andretti Global as Formula One's 11th team is reaching boiling point. It's the latest twist in the Andretti saga, which started in October 2023 when the sport's governing body, the FIA, approved the American team's bid to join the grid. Three months later, F1, the sport's commercial arm, quashed the bid, arguing that Andretti wouldn't be competitive in 2025 or 2026. These new entrants would also be obliged to operate out of a region not currently represented by F1 teams. It isn't just in Washington where support for Andretti is growing, explained Andretti.

Persons: Mario Andretti, John James, Anna Moneymaker, Michael, Andretti, Stefano Domenicali, Domenicali, Tim Milne, Lewis Butler, Tim Cook, Red Bull's Max Verstappen Mike Segar, Zac Brown, it's, Fernando Alonso Organizations: Washington , DC, Andretti, Capitol, General Motors, Andretti Global, One's, Miami Grand, Liberty Media, NBC News, FIA, Formula, One, CNBC, Las Vegas, Prix, U.S, F1, United, Reuters Locations: Washington ,, U.S, Las Vegas, Saudi Arabia, United States, Americas, Austin , Texas, Washington, Miami

☆ John Malone may still sell the Atlanta Braves, and its stock rallies 40%, Rosenblatt says
▼ + stars: | 2024-05-23 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Investors can still bank on a share-boosting sale of Atlanta Braves Holdings , according to Rosenblatt Securities. In a report out on Wednesday, Rosenblatt analyst Barton Crockett brushed off remarks from Liberty Media chairman John Malone late last week that the Braves were "not for sale." Liberty Media owns 17% of the Braves' Series C non-voting shares that trade under ticker symbol BATRK, Malone another 6% and Braves and Liberty Media CEO Gregory Maffei some 2.25%, according to FacSet data. Majority control of the Braves' voting stock remains in Malone and Liberty's hands. That date refers to the one-year anniversary of the Braves Holdings spinoff from Liberty Media in 2023.

Persons: Rosenblatt, Barton Crockett, John Malone, Crockett, Malone, Gregory Maffei, Liberty's, pining, David Joyce Organizations: Atlanta Braves Holdings, Rosenblatt Securities, Liberty Media, Braves, Braves Holdings, National League Division, Major League Baseball, ESPN, Seaport, National League Locations: Wednesday's, Malone

☆ House Judiciary chief launches investigation into Formula 1 over Andretti exclusion
▼ + stars: | 2024-05-07 | by ( Sahil Kapur | ) www.cnbc.com time to read: +2 min

The chairman of the powerful House Judiciary Committee is launching an investigation into Formula 1 and its U.S. owner, Liberty Media , to demand answers about the sport's decision to deny Andretti Global a spot on the grid. The letter is dated Tuesday and addressed to Greg Maffei, the president and CEO of Liberty Media, and Stefano Domenicali, the president and CEO of Formula One Group. "Delaying Andretti Cadillac's entry into Formula One for even one year will harm American consumers to benefit failing Formula One teams," Jordan writes. "Limiting the number of teams in Formula One will increase the price of sponsoring or buying into an existing Formula One team. The letter comes days after Mario Andretti, a former Formula 1 world champion, visited Capitol Hill and spoke at a press conference with lawmakers to pressure the sport to admit Andretti Global.

Persons: Mario Andretti, John James, Jim Jordan, Greg Maffei, Stefano Domenicali, Andretti, Jordan Organizations: Washington , DC, Andretti, Capitol, General Motors, Committee, Liberty Media, NBC News, Formula One, Formula, One, Andretti Global, Capitol Hill Locations: Washington ,, Ohio, United States, Michigan

☆ Interest rates and the AI-fueled rally remain top of mind for stock investors in the week ahead
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.

Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan

☆ Souring on Apple? Mystery bank stock? Buffett followers seek clarity on portfolio at annual meeting
▼ + stars: | 2024-05-02 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

Trimming Apple One surprising move from the conglomerate was selling about 10 million Apple shares (just 1% of its massive stake) in the fourth quarter. Second, it could have been Buffett's investment deputies Todd Combs and Ted Weschler who trimmed the Apple stake in order to fund other purchases. There's a chance that Buffett might reveal at the annual meeting the mystery bank stock that Berkshire has been buying for two quarters straight . Berkshire now owns more than 70 million of the tracking stock. "You need higher prices, or it doesn't work," Buffett said at Berkshire's 2023 annual meeting.

Persons: Warren Buffett's, Buffett, Todd Combs, Ted Weschler, Debbie Bosanek, Warren, Berkshire Hathaway, SIRI, Bob Bakish, Berkshire's, You've Organizations: Berkshire Hathaway, CNBC, Apple, Oracle, Securities and Exchange Commission, Verizon, Berkshire, Liberty, Liberty Media Corp, Liberty Media, Liberty Media Sirius, Paramount, Paramount Global, Skydance Locations: Berkshire, Woodstock, Omaha , Nebraska, Omaha, Chevron, New York, The Omaha

☆ U.S. Congress members demand answers on Andretti's exclusion from Formula 1
▼ + stars: | 2024-05-01 | by ( Sahil Kapur | ) www.cnbc.com time to read: +5 min

Twelve members of the U.S. Congress sent a letter to Formula 1 owner Liberty Media on Wednesday demanding answers for why it is excluding Andretti Global from the sport, giving the American team powerful new allies in its bid to enter F1. "Our team, Andretti Global, is part of every major racing discipline in the world. Last fall Formula 1's governing body, the FIA, accepted the racing team's push to join the grid, saying it met the criteria. Because we have an obligation to protect the American consumer, to protect American companies, and that is our first allegiance. The move marks an earthquake for F1 as Newey is widely regarded as the greatest car designer in the sport.

Persons: Mario Andretti, Andretti Cadillac, John James, Gregory Maffei, —, that's, Andretti, James, It's, Jim Jordan, Adrian Newey, Sebastian Vettel, Max Verstappen, Newey Organizations: Auto, U.S, Capitol, U.S . Congress, Liberty Media, Andretti Global, American, General Motors, Formula, Andretti, GM, Cadillac, Rep, FIA, Formula One Management, Miami, Prix, Las Vegas, Red Bull Racing, Red Bull, NBC News Locations: U.S, Michigan, America, Ohio, Austin

☆ F1's fanbase is shifting — and the 'Netflix effect' is only part of that
▼ + stars: | 2024-04-30 | by ( Chris Hawes | ) www.cnbc.com time to read: +6 min

Carlos Sainz of Ferrari during second practice ahead of the Formula 1 Las Vegas Grand Prix at Las Vegas Strip Circuit in Las Vegas, United States on November 17, 2023. Proponents of the "Netflix effect" often point to a poll taken in 2022 which found 28% of American adults considered themselves to be F1 fans, with more than half crediting "Drive to Survive." If this were true it would mean there were an incredible 72 million F1 fans in the U.S. alone. This argument runs out of road slightly however, when you consider that only 2 million Americans tuned in to watch the 2023 Miami Grand Prix. Today, F1 fans are estimated to be around 40% female, up from just 8% in 2017, as well as significantly more culturally diverse.

Persons: Carlos Sainz, Ferrari, Jakub Porzycki, Nielsen, it's, Toni Cowan, Brown, Cowan, Zak Brown, McLaren, It's, Buzz Radar, TJ Adeshola, Aston Martin, McLaren Unboxed, Lando Norris, Oscar Piastri, Thaier Organizations: Las Vegas, Nurphoto, Netflix, ESPN, IndyCar, NASCAR, Prix, Miami Grand Prix, CNBC, North, Anp, Getty, YouTube, Liberty Media, Aston, Aston Martin Racing, Buzz, Formula, sudani Locations: Las Vegas, United States, U.S, North America, North American, Nevada, Aston Martin, Australia, Bahrain

☆ ‘Drive to Survive’ or Ride to Thrive? MotoGP looks to break out of F1’s shadow after $4.2 billion deal
▼ + stars: | 2024-04-17 | by ( Jonathan Hawkins | ) edition.cnn.com time to read: +9 min

One thing that MotoGP has in its favor is its frequently raucous unpredictability, a far cry from the sometimes-processional nature of F1. Reigning double world champion Pecco Bagnaia agreed. What that documentary series delivered in spades was human drama, making household names out of F1’s competitors and their teams. Mirco Lazzari gp/Getty ImagesThree-time MotoGP world champion Wayne Rainey now runs the MotoAmerica series, which nurtures US motorcycle track talent, as well as King of the Baggers. We need entertainment, and now Baggers are here at MotoGP, strictly to help build the crowd, build the excitement, and in the end it’s about entertainment.”Wayne Rainey is a three-time MotoGP world champion.

Persons: COTA, ” Carlos Ezpeleta, Pecco Bagnaia, “, ”, Dan Rossomondo, doesn’t, Rossomondo, ’, ’ ”, Marc Marquez, ” Marquez, Valentino, Rossi, Dani, Pedrosa, Jorge, Lorenzo, Casey, Stoner, Roland Sands, Jonathan Hawkins, Harley Davidson, Sands, “ You’ve, who’s, ” Sands, Viñales, ” Rossomondo, Lionel Messi, Valentino Rossi, Mirco Lazzari, Wayne Rainey, King, Wayne, Rainey, ” Wayne Rainey, Natalie Cardenas, Christopher, Silas, Jack, “ We’ve, Natalie, ” Christopher, Maverick Viñales, Pedro Acosta’s, Bastianini, you’ve, it’s Organizations: Texas CNN, Formula, Liberty Media, MotoGP, Liberty, CNN, One, Premier League, “, Sprint, CNN Sport, Ducati, Maverick, Aprilia, MotoGP’s Locations: Austin, Texas, Austin , Texas, Americas, California, America, Italian, States, Spain, COTA

☆ Buy the Atlanta Braves tracking stock since it will likely be bought by a billionaire, analyst says
▼ + stars: | 2024-04-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Analyst Barton Crockett hiked his price target on Atlanta Braves Holdings by more than 10% to $53 per share, saying in a note to clients Tuesday that the team could soon become a buyout target. "We assume that the Braves are likely to be taken private by a billionaire once properly tax-seasoned. Shares of Atlanta Braves Holdings closed at $38.79 per share on Monday, more than 36% below the Rosenblatt price target. BATRK YTD mountain The tracking stock for the Atlanta Braves has struggled in 2024. Atlanta Braves Holdings includes not only the baseball franchise but also some real estate development around the team's baseball stadium in suburban Atlanta.

Persons: Barton Crockett, John Malone, Crockett, Rosenblatt, Carlyle, David Rubenstein, Matt Ishbia Organizations: Rosenblatt Securities, Atlanta Braves Holdings, Liberty Media, Sirius XM, Braves, Sports, National League East, Baseball, Atlanta Braves, Carlyle Group, Baltimore Orioles, Phoenix Suns Locations: U.S, Atlanta

☆ Liberty Media CEO on $4.5B MotoGP deal: We want to show the world how exciting this sport is
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiberty Media CEO on $4.5B MotoGP deal: We want to show the world how exciting this sport isGreg Maffei, Liberty Media president and CEO, joins 'Squawk on the Street' to discuss the playbook for MotoGP, the price Liberty Media paid for the racing company, and if this is transaction will be accretive to shareholders.

Persons: Greg Maffei Organizations: Liberty Media, MotoGP

☆ How Overtime is turning high school sports leagues into a $100 million business
▼ + stars: | 2024-02-27 | by ( Lucia Moses | Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

This year, Overtime is on track to make $100 million based on deals that are locked in, a 30% year-over-year increase. Amazon pays Overtime to stream its Overtime Elite basketball league, which pays its teen players upwards of $100,000 annually plus bonuses. Advertisement"We have three-year sponsorship deals with major brands," Porter said, referring to Overtime's league deals. For example, GMC and C4 Energy drink pay Overtime to sponsor its Overtime Elite practice courts and Overtime Boxing ring, respectively. Its young audience also poses some limitations.

Persons: —, Dan Porter, CRO Rich Calacci, Porter, it's, that's, Megan Marks, Zack Weiner, It's, Breanna Stewart who's Organizations: Service, GMC, State, Adidas, Amazon Prime, Elite, Business, NBA, C4 Energy, Dentsu Media, millennials, NFL, Endeavor, Liberty Media Corp, Netflix Locations: America

☆ Avoid these overcrowded trades by hedge funds as the rally powers on, according to Morgan Stanley
▼ + stars: | 2024-02-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

As the rally continues, it's wise to avoid overcrowded trades among hedge funds as herd mentality often leads to trouble in the stock market, according to Morgan Stanley. Investors in overcrowded trades could run the risk of getting caught in a losing bet when hedge funds, especially systematic traders, form a herd-like stampede to exit the same trades. Morgan Stanley found that hedge funds were most overweight in the consumer discretionary, industrials, and health-care sectors last quarter. Even though they have been extremely popular, these stocks tend to have outsized share counts that make hedge funds' ownership less significant. Avis Budget Group was the most over-owned stock by hedge funds at the end of 2023 with half of its outstanding float shares owned by the cohort, according to Morgan Stanley.

Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson, — CNBC's Michael Bloom Organizations: Avis Budget Group, Liberty Media, Liberty Media , New York Times Locations: Wendy's, Liberty Media ,

☆ Berkshire Hathaway once again keeps new stock purchase secret, trims giant Apple stake
▼ + stars: | 2024-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway asked regulators to keep its new stock purchase secret for a second quarter in a row, while the conglomerate trimmed its massive Apple stake slightly in the fourth quarter, according to a new regulatory filing. Berkshire requested that the Securities and Exchange Commission keep the details of one or more of its stock holdings confidential. Many speculated that the secret purchase could be a bank stock as the 10Q filing for the third quarter suggested that Berkshire had purchased "banks, insurance, and finance" stocks for $1.2 billion. Apple, Chevron The Omaha-based conglomerate sold about 10 million Apple shares last quarter, the filing showed. HP, Paramount Berkshire significantly reduced its stake in Paramount , holding about 63.3 million shares at the end of December, or 32% fewer shares than the number in the previous quarter.

Persons: Warren, Berkshire Hathaway, Buffett's, Buffett, homebuilder D.R.Horton, Ted Weschler, Todd Combs Organizations: Berkshire, Securities and Exchange Commission, Chevron, Verizon, Apple, HP, Paramount, Paramount Global, Liberty, Occidental Petroleum Locations: Berkshire, Chevron The Omaha, Paramount Berkshire, New York, Houston

☆ Sundheim's D1 hedge fund shook up its tech exposure, including selling the hottest stock right now
▼ + stars: | 2024-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Daniel Sundheim's D1 Capital made a handful of notable changes to its technology holdings in the fourth quarter, including closing out a position in a key artificial intelligence play. Sundheim also zeroed out his stake in software stock Salesforce , while trimming Microsoft and Facebook parent Meta by more than 60% and 20%, respectively. The role of large-cap tech stocks in driving up the market was so apparent that a group was dubbed the "Magnificent 7" for its outsized gains. Outside of big tech, Sundheim added to Mastercard and Philip Morris stakes. On the flip side, he dissolved stakes in a number of well-known stocks including Hilton , Las Vegas Sands , Liberty Media and Yum Brands .

Persons: Daniel Sundheim's, Sundheim, Philip Morris Organizations: Nvidia, Facebook, Meta, Viking Global, Mastercard, WWE, UFC, Lexeo Therapeutics, Hilton, Liberty Media, Yum Brands, Rivian, Electric Locations: Amazon, Vegas Sands

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