The Liberty Media Corporation is an American media conglomerate.
It originated as part of TCI, the US cable television group founded in the mid 1950s and acquired by AT&T ('Ma Bell') 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 owner of News Corporation and has a 4 percent stake in Time Warner. As of December 2003 it has never paid a dividend.
Control is exercised by engineer Dr. John Malone (described by Al Gore as the "Darth Vader of cable"), with a majority of the voting shares.
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Last updated: 05-07-2005 12:01:21
Last updated: 05-13-2005 07:56:04
