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Information About

Liberty Media Corporation




The Liberty Media Corporation is an

  • Liberty Interactive Group (,)

  • Liberty Capital (, )



LIBERTY INTERACTIVE GROUP

Attributed to Liberty Interactive Group are:

and Liberty's interests in:


LIBERTY CAPITAL

Attributed to Liberty Capital are:

Liberty's other private and public assets include
  • Starz, LLC (including Starz! , Starz Media , and Encore );

  • ;

  • in a complex deal, in which $1 billion cash & the Braves (valued at approximately $450 million) were exchanged for 60 million Time Warner stock shares.

  • and renamed it Starz Media.

  • Overture Films



Former assets



HISTORY

It originated as part of TCI , an American Cable Television group, and acquired by AT&T in 1999 for $54 billion.

It was spun-off from AT&T in the second half of 2001 , subsequently spending $5 billion on nine German regional cable networks. Apart from television distribution it holds major interests in other groups. For example it is the largest shareholder in News Corporation (though the founding Murdoch family owns more Voting Shares ), and has a 4 % stake in Time Warner . As of December 2003 it has never paid a dividend.

In May 2006, Time Warner acquired Liberty Media's 50% stake in Court TV for $735 million.

On May 16 , 2006 , IDT sold its IDT Entertainment division to Liberty Media for "for all of Liberty Media's interests in IDT, $186 million in cash and the assumption of existing indebtedness." IDT Entertainment's assets and Starz Entertainment Group 's popular line of premium TV channels will combine to produce content for all distribution platforms. {Link without Title}

Liberty is in the process of considering asset swaps with News Corp. and Time Warner that would give it control of on May 15 , 2007 .

Liberty has also purchased Green Bay, Wisconsin , television station WFRV-TV and its sister station in Escanaba, Michigan , WJMN-TV, from CBS estimated at about $234 million. CBS will swap the stations and $170 million in cash for 7.59 million shares of CBS common stock held by Liberty Media. The purchase was announced February 13 , 2007 , The sale was completed on April 18 , 2007 . {Link without Title}


GOVERNANCE

Members of the board of Liberty Media are: Robert R. Bennett , Donne Fisher , Paul Gould , Greg Maffei , John Malone , David Rapley , LaVoy Robison , and Larry Romrell .


EXTERNAL LINKS