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News Breaks
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December 20, 2011
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| 08:33 EDT |  | LMCA |
| theflyonthewall.com: | Liberty Media announces agreement with IRS | | Liberty Media announced that its former parent, Liberty Interactive Corporation, and Liberty Media reached an agreement with the IRS on December 16 to settle each of the disputed tax positions taken by the Liberty Interactive affiliated group in 2010 for U.S. federal income tax purposes. As a result of the Agreement, Liberty Media will make a payment of approximately $136M for federal income taxes. With the execution of the Agreement, Liberty Media and Liberty Interactive have resolved all outstanding disputed tax positions with the IRS through 2010. For financial statement purposes, the Agreement will result in a decrease to Liberty Media’s short term deferred federal income tax liability of $700M and a decrease to Liberty Media’s long term deferred federal income tax asset of $460M. Liberty Media expects to record a current federal income tax expense of approximately $136M and a deferred federal income tax benefit of approximately $240M during Q4. :theflyonthewall.com |
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May 22, 2012
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| 13:13 EDT |  | LMCA |
| theflyonthewall.com: | Sirius CEO resists Liberty takeover because he wants to be accountable, WSJ says |
 Subscribe for More Information :theflyonthewall.com |
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May 18, 2012
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| 08:04 EDT |  | LMCA |
| theflyonthewall.com: | Liberty Media initiated with an Overweight at Evercore | | :theflyonthewall.com |
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May 16, 2012
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| 09:20 EDT |  | LMCA |
| theflyonthewall.com: | Wedge Partners continues to expect Liberty Media to reach 51% stake in Sirius |
Subscribe for More Information :theflyonthewall.com |
| | 06:32 EDT | | LMCA |
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