Liberty Media’s annual investor meeting represents an opportunity for Chairman of the Board and legendary investor John Malone to present a ‘State of the Union’ on a portfolio that now includes roughly one-third of Live Nation, 80% satellite radio giant SiriusXM and more e-commerce, communications and entertainment companies. And along with the requisite financial information and optimistic portrayals of its portfolio companies’ futures, this year’s edition, held Nov. 18, also showcased the company’s sense of humor. Held at the Times Center, a block away from Times Square, in Manhattan, this year’s event drew a few hundred investors and analysts – fewer than usual, according to one attendee, possibly because “a lot of investors moved to Miami.” Outside the theater, atte...
“I don’t love that [Phil] supports all these right wing causes, but his political beliefs are so far detached from the work we do and our company values,” explains one high ranking executive, who notes that despite being very conservative, Anschutz supports LGBT causes and has given millions to groups some describe as being left of center. Employees at Liberty Media, which owns SiriusXM, Pandora and a 35% stake in Live Nation, for the first time ever have given more money to Democratic candidates than Republican ones. In 2020, individuals at the company gave $209,374 to Democrats and $92,485 to Republicans — more than a 2-1 margin. Back in 2016, Democrats only received $134,636 while $385,700 was spent on Republican candidates, while in 2012, only $12,500 was spent on Democrats with ...