| Liberty Media Corporation is a holding company which, through its ownership
of interests in subsidiaries and other companies, is primarily engaged in the
video and on-line commerce, media, communications and entertainment industries.
Through our subsidiaries, we operate in North America, Europe and Asia. Our
principal businesses and assets include QVC, Inc. and Starz, LLC and interests
in IAC/InterActiveCorp, Expedia, Inc. and The DIRECTV Group, Inc.
In May 2006, we completed a restructuring pursuant to which we were
organized as a new holding company, and we became the new publicly traded parent
company of Liberty Media LLC, which was formerly known as Liberty Media
Corporation, and which we refer to as "Old Liberty." As a result of the
restructuring, all of the Old Liberty outstanding common stock was exchanged for
our two new tracking stocks, Liberty Interactive common stock and Liberty
Capital common stock. |
