Liberty Sirius XM Group Series C is a company that operates in the media and entertainment industry, specifically focusing on satellite radio services. It is a subsidiary of Liberty Media Corporation, a media conglomerate founded by John C. Malone. The company was established in 2016 when Liberty Media completed a series of transactions to acquire a controlling interest in Sirius XM Holdings Inc., the largest satellite radio company in the United States. Liberty Sirius XM Group Series C is listed on the NASDAQ stock exchange under the ticker symbol "LSXMK."
Sirius XM Holdings Inc. itself was formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio. The merger brought together two leading satellite radio providers to create a dominant player in the industry. Sirius XM offers a wide range of commercial-free music, sports, news, talk, and entertainment programming to subscribers across North America.
Liberty Media Corporation has a significant stake in several media and entertainment companies, including Sirius XM Holdings Inc., Live Nation Entertainment, and Formula One. This ownership structure allows Liberty Sirius XM Group Series C to leverage the synergies and resources across these companies to drive growth and create value for its shareholders.
Liberty Sirius XM Group Series C would be best known for the Sirius XM satellite radio service. The company offers a vast selection of music channels spanning various genres, as well as exclusive sports coverage, talk shows, and other original programming. Subscribers can enjoy high-quality, uninterrupted content delivered via satellite to their vehicles, homes, or portable devices. Sirius XM has a large subscriber base and has established itself as a leader in the satellite radio industry.