Science Fair Project Encyclopedia
Liberty Media
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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10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details