Liberty Media Corporation Liberty Media Corporation  
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Liberty Media Corporation is a holding company that owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. 
 

Liberty Media Corporation INVESTMENT SUMMARY (as of April 30, 2008)

Liberty Media Corporation is a holding company that owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: Liberty Capital, Liberty Interactive, and Liberty Entertainment. 

The following table sets forth some of Liberty Media’s major assets that are held directly and indirectly through partnerships, joint ventures, common stock investments and instruments convertible into common stock. Ownership percentages in the table are approximate and, where applicable, assume conversion to common stock by Liberty Media and, to the extent known by Liberty Media, other holders. In some cases, Liberty Media’s interest may be subject to buy/sell procedures, repurchase rights or dilution. 

 

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LIBERTY CAPITAL

ENTITY

DESCRIPTION OF OPERATING BUSINESS

ATTRIBUTED OWNERSHIP

Atlanta National League Baseball Club, Inc.

Owner of the Atlanta Braves, a major league baseball club, as well as certain of the Atlanta Braves' minor league clubs.

100%

Current Group, LLC

Provider of Broadband over Powerline (BPL) solutions and services to electric distribution companies.

8% (1)

Embarq Corporation
(NYSE: EQ)

Provider of a suite of communications services to customers in its local services territories, including local and long distance voice, data, high speed internet, wireless and entertainment services.

3%

GoPets, Ltd. 

Virtual community of pets that interact with each other and other users all over the world.

28%

Hallmark Entertainment Investments Co.

Owner of controlling interest in Crown Media Holdings, Inc., the owner and operator of U.S. cable television channels, including the Hallmark Channel. 

11% (2)

Jingle Networks, Inc.

Operator of the advertiser-supported 1.800.FREE411 service which allows callers to obtain residential, business and government telephone numbers for no charge.

9% (3)

Kroenke Arena Company, LLC

Owner of the Denver Nuggets basketball team, the Colorado Avalanche hockey team and the Pepsi Center, a sports and entertainment facility in Denver, Colorado.

6.5%

Leisure Arts, Inc.

Publisher and marketer of needlework, craft, decorating, entertaining and other lifestyle interest "how-to" books.

100%

LodgeNet Entertainment Corporation
(Nasdaq: LNET)

Provider of media and connectivity services designed to meet the unique needs of hospitality, healthcare and other visitor and guest-based businesses.

9%

MacNeil/Lehrer Productions

Producer of “The NewsHour with Jim Lehrer” in addition to documentaries, web sites, interactive DVD's, civic engagement projects and educational programs.

67%

Motorola, Inc.
(NYSE: MOT)

Provider of integrated communications solutions and embedded electronic solutions.

3%

Overture Films, LLC

Motion picture studio plans to make 8 to 12 feature-length films a year.

100%

priceline.com, Incorporated
(Nasdaq: PCLN)

Provider of an e-commerce service allowing consumers to make offers on products and services.

1%

Sprint Nextel Corporation
(NYSE: S)

Provider of a comprehensive range of communications services bringing mobility to consumer, business and government customers.

3% (4)

Starz Media, LLC (formerly IDT Entertainment)

Creator and distributor of animated and live-action programming, creator of content under contract for other media companies, and leading independent home video/DVD entertainment company.

100%

Time Warner Inc.
(NYSE: TWX)

Media and entertainment company whose businesses include filmed entertainment, interactive services, television networks, cable systems, music and publishing.

3%

TruePosition, Inc.

Developer and implementer of advanced wireless location products, services and devices in a cross-carrier environment, including potential for use in connection with social networks, mobile gaming companies, search companies, mobile advertisers and providers of music, comedy and entertainment content to wireless devices.

100%

Viacom Inc.
(NYSE: VIA)

Global media company, with positions in broadcast and cable television, radio, outdoor advertising, and online.  Brands include CBS, MTV, Nickelodeon, Nick at Nite, VH1, BET, Paramount Pictures, Infinity Broadcasting, Viacom Outdoor, UPN, TV Land, Comedy Central, CMT: Country Music Television, Spike TV, Showtime, Blockbuster, and Simon & Schuster.

1%

WFRV and WJMN Television
Station, Inc.

CBS broadcast affiliate that serves Green Bay, Wisconsin and Escanaba, Michigan.

100%

LIBERTY ENTERTAINMENT

ENTITY

DESCRIPTION OF OPERATING BUSINESS

ATTRIBUTED OWNERSHIP

The DIRECTV Group, Inc.
(NASDAQ: DTV)

Provider of digital television entertainment services to more than 16.8 million customers in the United States and over 5.0 million customers in Brazil, Mexico and other countries in Latin America.

48%

FUN Technologies Inc.

Online and interactive casual games provider. Provides cutting-edge gaming systems to top distribution partners around the world.

100%

Game Show Network, LLC

Operator of GSN, a cable television channel featuring multi-platform interactive game programs, and GSN.com, an internet gaming site.

50%

Liberty Sports Holdings, LLC

Provider of sports oriented programming in Denver, Pittsburgh and Seattle and surrounding areas.

100%

Starz Entertainment, LLC

Provider of video programming distributed by cable operators, direct-to-home satellite providers, other distributors and via the Internet throughout the United States.

100%

Wildblue Communications, Inc.

Provider of two-way broadband Internet access via satellite to homes and small businesses in rural markets underserved by terrestrial broadband alternatives.

32% (5)

LIBERTY INTERACTIVE

ENTITY

DESCRIPTION OF OPERATING BUSINESS

ATTRIBUTED OWNERSHIP

Backcountry.com, Inc.

E-commerce business that sells performance gear for backcountry adventures, including backpacking, climbing, skiing, snowboarding, trail running and adventure travel. Backcountry.com also operates BackcountryOutlet.com, Dogfunk.com, Tramdock.com, SteepandCheap.com and WhiskeyMilitia.com.

81%

Bodybuilding.com

E-Commerce business that sells supplements, clothing, tanning supplies, accessories and other bodybuilding products as well as hosts an online site where visitors can network and exchange information related to bodybuilding.

83%

Borba, LLC

Provider of full range of netraceutical and cosmeceutical products.

25 %

BUYSEASONS, Inc.

Online retailer of costumes, accessories and Halloween products.

100%

Expedia, Inc.
(Nasdaq: EXPE)  

Empowers business and leisure travelers with the tools and information needed to research, plan, book and experience travel. It also provides wholesale travel to offline retail travel agents. Expedia's main companies include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, TripAdvisor and Classic Vacations. Expedia's companies operate internationally in Canada, the UK, Germany, France, Italy, the Netherlands and China.

24% (6)

GSI Commerce, Inc.
(Nasdaq:  GSIC

Provider of outsourced e-commerce solutions.

19.7%

IAC/InteractiveCorp
(Nasdaq:IACI)

Operator of businesses in sectors being transformed by the internet, online and offline. Comprised of HSN; Cornerstone Brands, Inc.; HSE24; Shoebuy.com; Ticketmaster; Lending Tree; RealEstate.com; ServiceMagic; Match.com; Entertainment Publications; Interval International; Ask.com; Citysearch; Evite; Gifts.com; iBuy; Pronto; and CollegeHumor. 

30% (7)

Provide Commerce, Inc.

E-commerce marketplace company providing a collection of branded websites each offering high quality, perishable products shipped directly from the supplier to the consumer and designed specifically around the way consumers shop.

100%

QVC, Inc.

Markets and sells a wide variety of consumer products in the U.S. and several foreign countries, primarily by means of televised shopping programs on the QVC networks and via the Internet through its domestic and international websites.

100%

 

 
Notes
  1. Liberty Media owns interests in Current Group, LLC through two different partnerships, Liberty Associated Partners and Associated Partners.

  2. Liberty Media has an approximate indirect 9% economic ownership in Crown Media Holdings, Inc. (NASDAQ: CRWN) through its investment in Hallmark Entertainment Investments Co.

  3. Liberty Media owns interests in Jingle Networks, Inc. through two different partnerships, Liberty Associated Partners and Associated Partners.

  4. Less than 1% of voting power.  Liberty Media beneficially owns shares of Sprint Nextel common stock and instruments convertible into Sprint Nextel common stock.

  5. In addition to its approximately 32% equity interest in WildBlue, Liberty Media also owns 53% of a first lien credit facility of WildBlue and 50% of a second lien credit facility of WildBlue.  This debt is attributed to Liberty Capital.

  6. Liberty Media owns approximately 24% of Expedia common stock representing an approximate 58% voting interest; however, the Chairman and CEO of Expedia currently has the authority to vote these shares.

  7. Liberty Media owns approximately 30% of IAC common stock representing an approximate 62% voting interest.