Liberty Media Corporation Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Certain combined financial information for Starz, which is included in earnings (loss) from discontinued operations, is as follows:



	Years ended December 31,
	2012		2011
	amounts in millions
Revenue	$	1,631	1,615
Earnings (loss) before income taxes	$	383	407

A summary of certain asset and liability amounts for Starz included in assets or liabilities of discontinued

operations, is as follows:



	December 31, 2012
	amounts in millions
Assets
Cash and cash equivalents	$	750
Trade and other receivables, net	$	261
Program rights, including current portion	$	679

Liabilities
Accrued liabilities	$	245
Debt, including current portion	$	540

Discontinued Operations Earnings Per Share [Table Text Block]



	December 31, 2012
	amounts in millions
Assets
Cash and cash equivalents	$	750
Trade and other receivables, net	$	261
Program rights, including current portion	$	679

Liabilities
Accrued liabilities	$	245
Debt, including current portion	$	540

Earnings per share impact of discontinued operations

The earnings per share from discontinued operations, discussed above, is as follows:



	Years ended December 31,
	2012		2011
Basic earnings (losses) from discontinued operations attributable to Liberty shareholders per common share (note 3):
Series A and Series B Liberty common stock	$	2.12	(0.31	)
Series A and Series B Liberty Starz common stock	NA		5.25
Diluted earnings (losses) from discontinued operations attributable to Liberty shareholders per common share (note 3):
Series A and Series B Liberty common stock	$	2.05	(0.31	)
Series A and Series B Liberty Starz common stock	NA		5.06

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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