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ENGLEWOOD, Colo.–(BUSINESS WIRE)–

Liberty Media Corporation (Nasdaq: LMCA, LMCB) announced that Greg Maffei, President and CEO of Liberty Media, will be presenting at the Barclays Global Technology, Media and Telecommunication Conference on Wednesday, May 23rd at 2:45 p.m., Eastern Time at the Sheraton New York Hotel in New York City, NY. During his presentation, Mr. Maffei may make observations regarding the company’s financial performance and outlook.

The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Media Corporation website at http://www.libertymedia.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.

About Liberty Media Corporation

Liberty Media (Nasdaq: LMCA, LMCB) owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Starz, LLC, SiriusXM, Live Nation Entertainment and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.

Excerpt from:
Liberty Media Corporation to Present at Barclays Global Technology, Media and Telecommunications Conference

The founder of Facebook stands to increase his net worth by an astronomical sum beyond mortal imagination with the company’s flotation on the stock market.

He is not the only one. U2 frontman Bono and his private equity company also stand to make a killing out of the Initial Public Offering (IPO), more than the rock star ever did through music, years after cannily investing in the company early on.

[Related link: How to invest in Facebook - free guide]

Artist David Choe, who famously took stock instead of cash for painting murals in the first Facebook headquarters, will make an estimated $200m (126m).

The onomatopoeically named Hong Kong tycoon, Li Kashing, who presumably does not need another $800m (503m), can expect to make that kind of sum on top of the $22bn (14bn) he is already worth, because of his early investment in Facebook.

Along with them, a collection of Facebook founders and their friends, investors and bankers will have their bank balances topped up by amounts the rest of us can barely dream of.

One immediate impact it seems has been on property prices in the area where many of them live.

‘Facebook IPO is juicing Silicon Valley real estate prices to crazy levels’ is the headline in tech website Venturebeat.com.

It reports that “in the last two months Silly Valley is just getting plain ridiculous”, with the number of million dollar plus prices up 159% since the IPO announcement.

[Related story: The companies making the most money from Facebook]

See more here:
Zuckerberg And Facebook Investors To Cash In

Mumbai, May 16:

Beaches seem to be the most favoured holiday destinations by travellers.

A survey conducted by online travel agency Expedia highlighted that 80 per cent of Indian travellers are already planning to go for a beach vacation in the next 12 months.

About 53 per cent Indians went to a domestic beach on their most recent trip while 47 per cent opted for an international beach, the survey said.

The survey reveals that as opposed to the general perception of high price sensitivity, the most important criteria for Indians to decide on a beach vacation is food and beverage reputation as well as the novelty of the destination, said Mr Manmeet Ahluwalia, Marketing Head, Expedia India.

This survey was conducted online by Harris Interactive on behalf of Expedia.com among 8,599 adults across 21 countries, including India.

Indians place new experiences over relaxation, with over 60 per cent travelling for the experience of another culture alongside being on the beach.

Amongst different criteria for beach preference, 76 per cent of Indians prefer to go to a beach with tourist attractions near the beach or surrounding area, followed by water and sand quality, weather predictability and secluded beach environment.

When it comes to travelling, Indian women look for a secluded beach environment, the survey said.

Mumbai took the highest share of domestic vacations at 60 per cent while Delhi led the international destination vacation segment at 47 per cent.

Read this article:
Beaches, the most favoured holiday destinations: Survey

May 172012

Canon City Sen. Kevin Grantham challenges CU policy

Kevin Grantham

Posted: Thursday, May 17, 2012 4:00 am

First Amendment rights impeded? By PATRICK MALONE | pmalone@chieftain.com The Pueblo Chieftain |

DENVER Limits on campus gatherings and literature distribution at the University of Colorado drew sharp comments from a Southern Colorado lawmaker on Wednesday.

Sen. Kevin Grantham, R-Canon City, used the waning minutes of the special legislative session to challenge policies adopted by the university, which he says are an affront to free speech.

Follow Patrick Malone on Twitter: http://twitter.com/pmalonecolo

Posted in Local on Thursday, May 17, 2012 4:00 am. | Tags: Kevin Grantham, First Amendment To The United States Constitution, Free Speech Zone, Bible, Freedom Of Speech, Grantham, First Amendment, University Of Colorado, Denver, Colorado, Boulder Campus, United States, United States Constitution, Pmalone Chieftain.com

Continued here:
First Amendment rights impeded?

May 162012

For more than 60 years, the Freedom Trail has told the story of Americas struggle for freedom. About 1.5 million people walk the faded red brick trail each year, visiting such storied sites as Faneuil Hall, Old North Church, and the Paul Revere House.

But there is another Boston-based story of a struggle for freedom, one told by the lesser-known Black Heritage Trail, which explores the history of the African-American community on Beacon Hill in the 1800s and the abolitionist movement that was rooted there.

Now, thanks to a newcomer to Boston who saw this history with fresh eyes and found a way to reinterpret it, the trails have undergone a 21st century rebranding.

Beginning Memorial Day, when the citys new $7 million visitors center opens at Faneuil Hall, the trails will be jointly known as Bostons Trails to Freedom.

The idea came from Cassius Cash, who moved to Boston two years ago to become superintendent of two of Bostons national parks – the Boston National Historical Park, which includes some of the sites on the Freedom Trail, and the Boston African American National Historic Site, which includes the Black Heritage Trail. The 1.6-mile walking tour illuminates Bostons significant connections to the abolitionist movement and the Underground Railroad.

By Cashs admission, he was a long shot for the job. He grew up in Memphis and had never been to Boston. He didnt work for the National Park Service; he was trained as a wildlife biologist and worked for the US Forest Service.

Though he is African-American, until he started the job in Boston he knew nothing about the citys rich African-American back story: that the African Meeting House was a nexus for abolitionist activity, for example, or that Massachusetts was one of the first states to declare slavery unconstitutional.

I did not know there was a free black community at the time, said Cash, 43, a compact man in a gray and green National Park Service ranger uniform and flat hat who likes to be called Cash.

I didnt know about the various characters and the boldness and courage they had to do the things they did – to take on this institute we now call slavery. The end of slavery started here, said Cash, who two years later still seems energized by the story. It happened here in the 1800s.

Cassius Marcellus Cash came to Boston – with his wife, Vonda, a dental assistant, and two daughters – from a very different world. Born in 1968, he was named for the legendary boxer and activist Cassius Marcellus Clay, later known as Muhammad Ali.

Read the rest here:
Blazing the other freedom trail

An 18-year-old Freedom High School student allegedly found with a pellet gun and drugs in his backpack hopes to enroll in a first-time offender program, according to court proceedings today.

Khalid Webb now lives with his grandparents in Allentown. Webb waived his right to a preliminary hearing on charges of possessing a weapon in school, possession of a small amount of marijuana and possession of drug paraphernalia during a quick court session before District Judge Joseph Barner in Lower Nazareth Township.

Webbs attorney, Robert Patterson, said his client will enroll in the accelerated rehabilitative disposition program.

If he successfully completes between six to 12 months of probation, Webb could walk away from the incident without any charges on his record, Patterson said.

Webb was allegedly found with a pellet gun and marijuana on April 3 at the Bethlehem Township, Pa., high school.

He also pleaded guilty today to disorderly conduct in connection with a separate case involving a high school student who struck a school resource officer after not paying for his lunch on March 29. Webb agreed to pay a $164 fine for his summary-level disorderly conduct charge.

Webb said after his court appearance he intends to join the military, but his grandparents say his expulsion from Freedom High School has made things difficult.

His grandmother said the justice system has been fair to Webb so far. She hopes the ARD program helps him move on.

Jahad Crowell, 19, the student charged with assaulting the school resource officer, waived his right to a preliminary hearing Monday, setting the stage for the case to move to trial, according to court records.

It was not clear if Crowell intended to enter or was eligible for the ARD program. A call to the person listed in court documents as his attorney was not immediately returned.

Read the rest here:
Freedom High School student allegedly found with pellet gun, drugs seeks probation

For BC, focus on debt-freedom as a condition for retirement is in line with the rest of Canada About one third of BC homeowners seek some kind of professional advice to manage debt and day-to-day cash flow Manulife Bank surveyed 2,003 Canadians Audio clip and infographic attached

TSX/NYSE/PSE: MFCSEHK:945

Retiring from Debt in British Columbia (CNW Group/Manulife Financial Corporation)

WATERLOO, ON, May 14, 2012 /CNW/ – Eighty-five per cent of British Columbian homeowners indicate “being debt-free” is very important to their definition of a successful retirement according to a recent debt survey by Manulife Bank of Canada . It ranks second only to “good health” (92%) and slightly higher than “sufficient retirement income to maintain my current lifestyle” (83%).

When asked to imagine that they had reached their planned retirement age and still had debt outstanding, 52% indicated that they would find this scenario extremely stressful. This aligns closely with the national average, where the survey found that fully half of Canadians – more women (54%) than men (46%) – would find it stressful to reach retirement age with debt not yet paid off.

BC homeowners judge many non-financial factors such as “living near family” (60%), “keeping busy with a hobby or volunteer work” (66%), and “have a broad group of friends” (47%) much less important to a successful retirement than being debt-free.

“Like most Canadians, BC homeowners understand that a stress-free retirement relies not only on sufficient savings, but also on being debt-free,” noted Stuart Kirk , a Retirement Planning Specialist with Precision Wealth Management in Parksville, BC. “Understanding the importance of paying off debt is the first step to a successful retirement. The next step is putting a plan in place to help get there. And that’s where a financial advisor can help.”

Across Canada , debt-freedom expectations change as people get older

Manulife Bank’s debt and retirement survey found that three in four Canadian homeowners consider debt-freedom to be among their top financial goals – a finding that is relatively consistent with Manulife Bank’s past consumer debt studies. However, their expectation about when they will actually achieve debt-freedom appears to be largely dependent upon their age, a finding that is consistent across the country.

Most Canadian homeowners in their 30s (73%) who reported having debt expect to be debt-free before they turn 60. That number decreases to two-thirds for homeowners in their 40s. Just one third of homeowners in their 50s expect to be debt-free before they turn 60, with one in five indicating they either don’t know when they’ll be debt-free (14%) or don’t expect to ever be debt-free (7%).

Continue reading here:
In British Columbia, Debt-freedom is a High Priority for those Looking to Retire

NASSAU, The Bahamas, May 16, 2012 /PRNewswire/ —

– With Photo

Sixteen lucky brides and their grooms-to-be touched down in Nassau before heading off to 16 different islands where Bahamian wedding planners are making the finishing touches to arrangements for the 16th May wedding ceremonies. Each won by the couples in the Bahamas 16 Islands Wedding Invitation.

(Photo: http://photos.prnewswire.com/prnh/20120516/531519 )

Two couples will take a short taxi ride, one staying in Nassau for their ‘Colour Me with Love’ ceremony and the other travelling over the connecting bridge to Paradise Island for their ‘Royal Bliss’ wedding in the 14th century Cloister.

Inter-island flights lasting from just 15 to 90 minutes will take the 14 remaining couples to other main islands in this tropical archipelago. Also joining them will be their 32 witnesses, two per couple, plus about fifty extra family and friends who have booked through joint sponsor Kuoni to join the couples’ once-in-a-lifetime Caribbean wedding experience.

Not simply beach weddings, these are destination weddings with a difference. For example:

Jade & Mikhail have so many guests coming from around the world to The Berry Islands that the small CarrieEarl hotel cannot accommodate them all. Berry Islands’ residents are opening their homes to put up the extra guests so that all can enjoy the wedding ceremony at sea. No need for a beribboned bridal car when you are tying the ‘Nautical Love Knot’ aboard a white catamaran floating on an azure ocean.

There’s no limousine either for Carla and Daniel for their ‘Light Up My Love’ marriage ceremony in The Abacos. A small boat ferries the groom and witness across the harbour to await the bride’s arrival, travelling by little golf cart with her witness to the candy-striped Elbow Cay Lighthouse.

The ‘Colour Me with Love’ wedding in Nassau will be a loud, lively and colourful celebration with a band of Junkanoo musicians, in bright handmade costumes. A wedding party that’s sure to be a hit with the 7 children in Claire and Jason’s wedding party of twelve.

Link:
Touch Down for Romance in 16 Islands of The Bahamas

More beaches judged good for cleanliness, but tougher standards mean fewer are likely to make the grade next year The number of England's beaches gaining Blue Flag awards for cleanliness has increased in 2012. But about 30% of the beaches might not reach tougher water quality standards being introduced next year, said Blue Flag scheme organisers Keep Britain Tidy. For 2012, a total of 79 English …

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Number of English beaches gaining Blue Flag awards rises

Big Island police are asking the publics help locating a 27-year-old man sought in connection with a stabbing Friday morning in Puna.

Brannon Ramirez of Hawaiian Beaches, who also goes by the name Listos, is described as 5 feet 11 inches tall, weighing 190 pounds with a muscular build, blue eyes, a shaved head and a partial goatee, according to the Hawaii Police Department.

He has several tattoos, including the word Compton on his abdomen and numbers 155 on his chest, according to police.

Ramirez is sought in connection with an incident that began with a domestic dispute between a 31-year-old Hawaiian Beaches woman and a 27-year-old Hawaiian Beaches man at a convenience store on Kahakai Boulevard in Hawaiian Beaches, according to police. During the argument, the man allegedly threw a beer bottle that hit a 19-year-old man in a parked van and then left the area.

A short time later, the mother of the man hit by the bottle and a relative, a 37-year-old Mountain View man, got into a confrontation with the couple from the above domestic dispute on South Puni Mauka Loop near Aweoweo Street, according to police.

During the confrontation, the Mountain View man received lacerations to the chest, back, face and upper arms, according to police. He was taken to Hilo Medical Center where he is listed in stable condition.

Police have classified the incident as a first-degree assault and a third-degree assault.

Police caution the public against approaching Ramirez.

Anyone with information on his whereabouts should contact the departments nonemergency line at 935-3311 or Detective Norbert Searrao at 961-2383 or by email at nserrao@co.hawaii.hi.us.

Those who prefer to remain anonymous may call Crime Stoppers at 329-8181 in Kona or 961-8300 in Hilo. All Crime Stoppers information is kept confidential.

Read more here:
Hawaiian Beaches man sought by police

This is a weekly column from freelancer Rowan Kaiser, which focuses on “Western” role-playing games: their stories, their histories, their mechanics, their insanity, and their inanity. The Avengers’ huge success in its first week of release may represent the pinnacle of the superhero takeover of mainstream culture. Superhero comics have long been comparable to video games’ bigger brother, with many of the same criticisms and stereotypes and similar slow paths to respectability. There’s always been a great deal of crossover between the two, especially in terms of games based on comics. Most of these were platformers or brawlers, and most, like licensed games generally, were mediocre at best with a few exceptions.

Roleplaying games especially seemed to be a natural fit for superhero games. Both usually have origin stories, over-the-top villainy, straightforward morality and, most importantly, characters overcoming adversity by gaining more strength and greater power, with single characters or small party dynamics. There were a few attempts of varying success, like the simple RPG/adventure hybrid Superhero League Of Hoboken, but it still took until 2002 for a great superhero RPG to be released: Freedom Force.

Each hero is introduced through comic-style cutscenes, done in the style of 1960s-era “Silver Age” comics. An over-the-top voice delivers campy, Stan Lee-esque narration, and the hero’s voices are all entertainingly overdone. Freedom Force feels silly, but in a way that’s respectful of the playfulness of the source material.

Freedom Force is a top-down, party-based action/RPG, much like the later X-Men Legends and Marvel: Ultimate Alliance titles, but it plays quite differently. Freedom Force is slower-paced, less action-oriented, and built more for the indirect control of the mouse than the later Marvel games. Ultimate Alliance feels like Diablo mixed with Gauntlet, but Freedom Force is its own thing. In pace, it’s closer to Baldur’s Gate, but it’s both less chaotic than the Infinity Engine games and more character skill-based.

This isn’t an accident: the manner of skill-based fighting both games use is well-served by this setup. With small parties, you can use a variety of different characters and skill-sets, but there aren’t so many that it becomes difficult to control. The skills themselves are spaced out by time more than anything, which fits perfectly with the superhero theme and the logical consistencies between superhero and traditional roleplaying narratives. It just feels right to play a real-time RPG with this kind of engine.

That’s not the only thing that Freedom Force gets right, though. One of its most impressive feats is its use of three dimensional, polygonal technology to create a superhero playground. Most every object within the game world can be interacted with: you can pick up rocks, trees, and cars. You can demolish every building in your way though sometimes you have to protect buildings from attack as well. Putting a ranged character on a rooftop for a fight may be wise, but if one of your super-strong characters throws a car into the building, there may be trouble.

Freedom Force was well-received upon its release, but it has lost its place in the discussion of great roleplaying games. A sequel, Freedom Force vs. The Third Reich, was released a few years later, but by then Marvel’s licensed games were proving to be crossover hits and may have overwhelmed Freedom Force. But it’s a great and important game that deserves to be remembered and still played. Happily, it’s fairly easy to acquire: GamersGate and Steam have both games, while GOG.com has the sequel. If The Avengers gave you an itch for some classic roleplaying superhero fun, this is a good way to scratch it.

Continued here:
Freedom Force: Superhero role-playing done right

May 122012

Billed as one of the largest wine trade events in Asia, Vinexpo Asia-Pacific is a biennial event that alternates between Hong Kong and France. In 2010, the fair attracted 12,620 visitors. Here's a look at more international food and drink events happening around the world.

Here is the original post:
Food agenda: Vinexpo


10-05-2012 17:38 Videos are heavily considered by the search engines, and we, here at Virginia SEO Service, offer complete video marketing solutions to our clients from writing scripts, to shooting, editing, and distributing them throughout internet. Uploaded By Virginia SEO Service

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Full Service Video Marketing By Virginia SEO – Video

It will cost $20 this season to park at Cahoon Hollow and White Crest beaches, the selectmen agreed Tuesday, after hearing Suzanne Grout Thomas, beach administrator, explain that the rates at these two beaches have not changed in 19 years.

In 1993 the board of selectmen raised the fee from $10 to $15 a day. The parking fees at the other beaches already have been raised. Nauset and Barnstable for two years have charged $20 per weekend without any griping.

The proposed fee increase would help her staff, she said, because we wont have to have $500 in fives every weekend to make change.

The town took in $153,825 in revenue between the two beaches from 10,255 vehicle passes. If they have the same number of vehicles this year, it will mean $51,275 in anticipated new revenue, she said. Since the town needs revenue, she recommended the increase, and the board readily agreed.

The board took no action on beach fire regulations Tuesday, agreeing to wait until it gets a report back from Thomas and the ad-hoc committee created to come up with new rules and regulations for beach fires.

That means beach fires will be allowed, as they traditionally have been on four ocean beaches, with four permits issued daily for each beach.

I recommend we leave things as they are for the summer, Thomas said.

The committee came up with 20 recommendations, only one of which Thomas said she did not agree with. That was a regulation that those receiving a fire permit be given flags and a bucket when they pick up their permit.

I dont have funding for that, Thomas said. I cant imagine how many buckets and flags will walk out of here as souvenirs. Im not sure that part will not work.

But most of the committee recommendations could be put in place, she said, and she will report back to them, as the summer progresses, on the beach fire situation. One of the committee recommendations was that 10 fire permits be issued, but she was not sure if that meant 10 permits for each of the four beaches, or 10 permits to be divided between the four beaches.

Excerpt from:
Fees raised at two Wellfleet beaches

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Eugene Volokh: Search Results Protected by the First Amendment

In a new report commissioned by Google that examines the scope of free speech that should be permitted to search engines, UCLA law professor Eugene Volokh, who authored the report, says that search engines should be regarded as media companies, akin to how CNN and the New York Times are media companies. In that respect, the report asserts that search engines like Google and Bing have a protected right to pick and choose what appears in their search rankings.

Wait, what Googles claiming the right to design search results as it sees fit? Ruh-roh, nobody tell Rick Santorum that news.

paidContent explains Volokhs report as such:

In practice, this would mean Google has the right to punt sites like Yelp, which has complained that Google is a monopolist, to the search equivalent of Siberia if it decided that was best for users (Yelp now comes up second in a search for restaurant review).

The report goes on to relate cases in which media companies were sued for excluding access to information or producing inaccurate information. One involved a cable company unsuccessfully arguing that excluding certain channels was an exercise of the companys free speech right an example, Volokh argues, that does not mirror the situation with search engines.

According to paidContent, Google commissioned the report because it feels that these issues were worth exploring in more depth by a noted First Amendment scholar.

Im sure Google finds such inspections to be of utmost concerning the company seems to have a regular appointment to butt up against the Federal Trade Commission with regard to how search results are produced to Google users. Last year, the FTC launched an investigation to find out whether Google grants preferential placement on its website to its own products that resulted in an antitrust hearing with the Senate Committee on the Judiciary Subcommittee on Antitrust. It was at this hearing, as paidContent mentioned above, that Yelp delivered a testimony claiming that Google was engaging in anticompetitive business practices.

The way Google conjures search results drew more criticism earlier this year when the Electronic Privacy Information Center contemplated filing a complaint with the FTC when Google announced the Search Plus Your World feature.

With the completion of this report from a noted free speech legal scholar, Google appears to be circling the wagons around its right to manipulate search results . The debate over whether the government should be regulating Googles search results has yawned throughout the year thus far, and, of course, Google believes it can reserve the right to alter search results.

In the end, Google maintains that if consumers arent happy with the search results, they can always use a competing search engine. However, if searches including only Google-approved results throttle competing search engines and therefore leave consumers with little to no choice other than to use Google, the company could face an antitrust lawsuit. The Justice Department would have to suspect that, somehow, Googles search manipulation was not in the best interest for consumers before any lawsuit could be filed.

Excerpt from:
Search Engines Owed Same Free Speech Protections As CNN, Claims Google Report

A selection of craft brews.

Hold the Pinot. Nix the Merlot beer is fast becoming the new wine. And if you dont know your stouts from your porters or your ales from lagers, then attend next weeks regional kegger, and you can get a crash course in all things craft beer when the South Shore, Cape & Islands Beer Week returns May 12-19 to pubs, liquor stores and restaurants across the region. That ought to get you hip on your hops.

Its one of those things where if you wanted to get involved with beer, then this is a good place to start, said Leo Finn, general manager of the British Beer Company in Plymouth. For their part in Beer Week, the BBC is hosting a beer dinner on May 16. Its a five-course meal for $50, featuring brews from Offshore Ale Company in Marthas Vineyard and Cisco Brewers in Nantucket.

We pair their beers with the five courses, and the distributors will talk about the beer and tell fun facts. Its a good time, Finn said.

South Shore, Cape & Islands Beer Week is tapping into the beer trend. Craft beer was an $8.7 billion industry in the U.S. last year, according to the Boulder, Colo.-based Brewers Association. There were about 1,989 breweries operating in the U.S. in 2011, the highest level since the late 1800s. Craft beer sales rose 13 percent in 2011 over 2010 nationwide. Two-hundred-and-fifty breweries (174 microbreweries and 76 brewpubs) opened last year.

The 21-to-32 age bracket are total beer geeks, Finn said. Its like wine used to be, with so many different styles.

IPA is the most popular beer, Finn said, and it comes in many forms: hoppy, black, flowery, mild. Finns favorites are the Fullers London Porter and a brew from Boddington, which he describes as a blonde-colored Guinness.

Its an exciting time to be in beer, Finn said.

Among the events are beer dinners, a Provincetown craft beer crawl and the popular tap takeovers, where a bars taps are turned over to one brewer for the night.

Benjamin Franklin would have loved this. After all, he once said: Beer is proof that God loves us and wants us to be happy.

View post:
South Shore, Cape & Islands Beer Week offers an education in beer

Having been stymied by the Federal Communications Commission last week in its gambit to take over Sirius XM Radio Inc., Liberty Media revealed its next move on Tuesday bumping up its stake in the companyto 45.2% from 40%.

Liberty’s chief executive, Greg Maffei, told analysts in a conference call that his company had a contract in place to buy 302 million shares of SiriusXM for $650 million at $2.15 a share from undisclosed sellers.

The price represents a discount to SiriusXM’s $2.17 closing price on Monday, prior to Liberty’s announcement. SiriusXM lost 3 cents to $2.14 Tuesday after Maffei unveiled his move.

The two companies have been locked in a struggle for control since March, when Liberty started the high-stakes corporate chess match with a request to the FCC for control of the operating licenses SiriusXM needed to broadcast its satellite radio service. Liberty argued that its 40% ownership, along with five out of 13 seats on the board, meant it had “de facto” control of SiriusXM.

SiriusXM’s chief executive, Mel Karmazin, strenuously objected, deriding Liberty’s attempt as trying to convince regulators that “40 is the new 50.” His point was that shareholders needed to have more than 50% of a company to call the shots.

It seems that Liberty’s chairman, John Malone, heard the message loud and clear and is moving toward that magic 51% mark.

But why 45.2% as opposed to 51%? Would that change the commissioners’ minds at the FCC, should Liberty choose to exercise its option to amend its request to regulators by June 4?

Here’s Maffei’s answer to those questions, which were posed to him during the earnings call with analysts:

“We thought it was attractive financially and because we thought it increased some of our options…. As far as de facto control, my layman’s understanding would be we have a certain series of rights by contract with SiriusXM. To be able to fully exercise those rights freely, we need to have de facto control approved by the FCC. And as far as changing our application, I think there are host of things, actions we might take including this action we have taken, which will have bearing on our application and we’ll weigh those, as we said, over the next 30 days and decide how to amend.”

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Liberty boosts SiriusXM stake above 45%


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Seo Tif Taeng – Minions Banana Song @ Sweet Sorrow radio May 7, 2012 GIRLS’ GENERATION Live – Video



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