NEWS BRIEF: Liberty Media touts success with Atlanta Braves, Live Nation
Large corporation makes even more money
Photo credit: CL File
Quarterly revenue from the Atlanta Braves has nearly tripled from $35 million to $102 million, according to an earnings report released Friday by Liberty Media. The mass media monopoly, based in Colorado, has ownership stakes in the Braves team as well as Formula One, SiriusXM, Live Nation, Pandora, iHeartMedia and others. CEO Greg Maffei said in an interview the Braves are “still basking in the glory of their World Series title” and extolled the success of Live Nation, which as previously reported has plans for a new facility in Atlanta’s Edgewood district. hollywoodreporter.com
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Atlanta Braves
The Atlanta Braves are an American professional baseball team based in the Atlanta metropolitan area. The Braves compete in Major League Baseball as a member club of the National League East division. The Braves were founded in Boston, Massachusetts, in 1871, as the Boston Red Stockings.