Liberty Media Popular Media Empire

The Liberty Media Corporation is an American based media empire. It basically possesses interests in a broad range of electronic retailing, media, communications and entertainment businesses. It has two tracking stock groups: the Liberty Interactive group and Liberty Capital group.

The Liberty Interactive group mainly has interest in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, OpenTV and Backcountry.com. The Liberty Capital group has attribute in Liberty's 39.5% interest in The DirecTV Group and in Time Warner around 2.6 % of interest. Liberty Media also has some public and private assets which are Starz Entertainment and in GSN it has 50% of stake with Sony Pictures.

It also has bought Atlanta Braves from Time Warner by giving $1 billion cash & the Braves got interchanged for 60 million Time Warner stock shares. Liberty Media has purchased Starz Media from IDT Corp which was previously called IDT Entertainment.
Liberty Media has its offices in Englewood, Colorado. Actually, it emerged as a portion of an American cable television group, TCI which was owned by AT&T in 1999 for $54 billion. For the first time, it dealt in public symbols LBTYA and LBTYB on NASDAQ in 1991. In 1994, it ammalgamated with Tele-Communications, Inc and in 1998, with Tele-Communications International, Inc. It expended $5 billion on nine German regional cable networks when it was split in the second half of 2001, from AT&T under the symbols LMC.A and LMC.B.

On July 1, 2003 Liberty Media merged with Ascent Media Group, Inc and in the later part of the year, with Liberty Satellite & Technology, Inc. Its interest varies in other fields like it has the biggest shareholding in News Corporation. In Time Warner, it has a venture of 4% in which it has not paid any dividend from December 2003. By 2004, it completed its spin of international businesses.

In 2005, it declared its ownership in Ascent Media Group and Discovery Communications, Inc and named it Discovery Holding Company. In Court TV, Time Warner has owned 50% stake of Liberty Media for $735 million. In May 2006, Liberty Media also restructured its company.Green Bay, Wisconsin, television station WFRV-TV, Escanaba, Michigan, WJMN-TV was bought by Liberty Media for around $234 million in 2007.

John Malone is the Chairman of Liberty Media Corporation and Gregory B. Maffei is its President and Chief Executive Officer. The board of members of Liberty Media includes Robert R. Bennett, Donne Fisher, Paul Gould, Greg Maffei, John Malone, David Rapley, LaVoy Robison, and Larry Romrell.

The aim of Liberty Media is to enrich the long-term value of the Company so that its shareholders can benefit and this is looked after by the employees and the officers who are directly reporting to Chief Executive Officer and the Board. The shareholders of the company elect the Board of Directors so that they can easily have the insight of the company thereby also preserving their interest.Libertymedia