Liberty Media and Sirius XM formed New SiriusXM.

American media and broadcasting companies Liberty Media and Sirius XM, formed New SiriusXM, a new public company. Financial terms were not disclosed. "We have reached an important milestone in Liberty's ownership of SiriusXM. This combination will create value for all stockholders by eliminating the tracking stock structure, enhancing liquidity and allowing former LSXM stockholders to participate directly in the ongoing performance of SiriusXM. SiriusXM commands the largest paid share-of-ear in the car and has proven itself as an incredibly successful and profitable business. We are confident SiriusXM will continue to create value by building on its resilient business model to execute its strategic initiatives. We look forward to remaining meaningfully involved in the business and significant stockholders," Greg Maffei, Liberty President & CEO.