Breach Inlet Capital Sends Public Letter to Board of Liberty Media
November 02, 2022 at 10:54 am EDT
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On November 2, 2022, Breach Inlet Capital, LP, announced that it delivered a letter to the Board of Directors of Liberty Media. In its letter, Breach Inlet Capital outlines the reasons Liberty Braves undervalued and should be spun-off to maximize shareholder value.
Qurate Retail, Inc. owns controlling and non-controlling interests in a range of video and online commerce companies. It operates through its subsidiaries, QVC, Inc. (QVC), which includes, HSN, Inc. (HSN) and Cornerstone Brands, Inc. (CBI). The Companyâs segments include QxH, QVC and CBI. QxH segment markets and sells a variety of consumer products in the United States, primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications. QVC International segment markets and sells a variety of consumer products in several foreign countries, primarily by means of its televised shopping programs and via the Internet through its international websites and mobile applications. CBI segment consists of a portfolio of aspirational home and apparel brands in the United States, which sells merchandise through brick-and-mortar retail locations, as well as via the Internet through their websites.