Full Description

Liberty Media Corporation is a holding company that, through its subsidiaries, is engaged in the video and online commerce, media, communications and entertainment industries. The Company operates in North America, South America, Europe and Asia. Its principal businesses and assets include QVC, Inc. and Starz, LLC and interests in The DIRECTV Group, Inc. and Expedia, Inc. Liberty has attributed each of its businesses to one of three groups: the Interactive Group, the Starz Group and the Capital Group. The assets and businesses attributed to the Interactive Group are those engaged in video and online commerce. The Starz Group focuses primarily on video programming, communications businesses and the direct-to-home satellite distribution business and includes its ownership interest in The DIRECTV Group, Inc. and other subsidiaries. The Capital Group includes businesses and assets that are not attributed to either the Interactive Group or the Starz Group. In November 2009, the Company completed the split-off of Liberty Entertainment, Inc. (LEI). LEI holds the Company's 57% interest in DIRECTV, a 100% interest in Liberty Sports Holdings, LLC, a 65% interest in Game Show Network, LLC.

Interactive Group

The Companies under the Interactive Group includes QVC, Inc., Provide Commerce, Inc. (Provide Commerce), Backcountry.com, Inc., Bodybuilding.com, LLC and BuySeasons, Inc., and the Company’s interests in Expedia, Inc., IAC/InterActiveCorp, HSN, Inc., Interval Leisure Group, Inc., Ticketmaster Entertainment, Inc. and Tree.com, Inc. The Interactive Group is focused on video and on-line commerce through its interests in QVC, Inc. and the e-commerce businesses. QVC, Inc. sells a variety of consumer products in the United States and several foreign countries primarily by means of merchandise-focused televised shopping programs and via the Internet through its domestic and international Websites. Its Websites offer a complement to televised shopping by allowing consumers to purchase a wide assortment of goods. It purchases, or obtains on consignment, products from domestic and foreign manufacturers and wholesalers. QVC classifies its merchandise into three groups: home, apparel/accessories and jewelry. QVC distributes its television programs, via satellite or optical fiber, to multichannel video program distributors for retransmission to subscribers in the United States, the United Kingdom, Germany, Japan and neighboring countries.

Provide Commerce operates an e-commerce marketplace of Websites that offers perishable products direct from suppliers to consumers. In addition to its perishable products, it sells a range of unique and personalized gifts through its RedEnvelope brand. It combines an online storefront, supply chain management technology with Federal Express Corporation and United Parcel Service, Inc. Provide Commerce derives its revenue from the sale of flowers and plants on its proflowers.com Website and from the sale of gourmet foods from its branded Websites: Cherry Moon Farms, for fruits; Secret Spoon, for sweets and confections; and Shari's Berries, for chocolate-dipped berries and related gifting products.

Backcountry.com, Inc. is an e-commerce marketplace for outdoor adventure, cycling and action sports gear and clothing. Its eight Websites cater to different outdoor enthusiasts. Two of the sites offer name-brand products at retail prices, and six offer substantial discounts to online shoppers. Backcountry's primary site, Backcountry.com, offers 400 brands and 150,000 items of high-end gear and clothing for backpacking, camping, trail running, skiing, cycling, rock climbing, kayaking and other outdoor sports. Backcountry's snowboarding-specific site, DogFunk.com, sells technical and lifestyle apparel and gear from established brands and niche manufacturers. Its outlet store, BackcountryOutlet.com, sells discounted clothing and gear from past seasons. Backcountry's one-deal-at-a-time sites, SteepandCheap.com, WhiskeyMilitia.com, Tramdock.com, Chainlove.com and BonkTown.com, feature a limited quantity of one discounted item at a time until such item sells out, at which time it is replaced with a new item. SteepandCheap.com serves backcountry adventurers and outdoor enthusiasts. WhiskeyMilitia.com appeals to skateboarders, surfers, snowboarders and wakeboarders. Tramdock.com is for resort, park, pipe and big mountain freeride skiers. Chainlove.com is geared toward mountain bikers. BonkTown.com sells road bike gear.

Bodybuilding.com, LLC is an Internet retailer of sports, fitness and nutritional supplements. It also hosts an informational superSite which answers questions about fitness, work-out programs, overall health, nutritional and product information. Its customers include gym goers, sport specific focused athletes such as football players, tri-athletes, weightlifters and bodybuilders. BuySeasons, Inc. operates BuyCostumes.com and CelebrateExpress.com, on-line retailers of costumes, accessories and party supplies for a variety of celebration and costuming events. BuySeasons purchases its products from various suppliers, both domestic and international.

Expedia, Inc. is travel services companies, making travel products and services available to leisure and corporate travelers in the United States and abroad, through a diversified portfolio of brands, including Expedia.com, Hotels.com, Hotwire.com, Egencia, Classic Vacations and TripAdvisor and a range of other domestic and international brands and businesses. It gives information about travel products and services provided by numerous airlines, lodging properties, car rental companies, cruise lines and destination service providers, such as attractions and tours. InterActiveCorp (IAC) is an Internet company with more than 35 brands serving consumer audiences. On August 21, 2008, IAC separated into five publicly traded companies: IAC, HSN, Inc., Ticketmaster Entertainment, Inc., Interval Leisure Group, Inc., and Tree.com, Inc.

Starz Group

The Starz Group focuses primarily on video programming, communications businesses and the direct-to-home satellite distribution business. Starz Entertainment, LLC provides premium movie networks and programming distributed by cable, direct-to-home satellite, telephony, the Internet and other distribution media providers in the United States. Its principal service offerings include Starz, which is primarily a first-run movie service that generally includes Starz plus five multiplex channels branded with the Starz name, each of which, exhibits movies and Encore, which airs first-run movies and classic contemporary movies and generally includes six additional thematic multiplex channels, each of which exhibits movies based upon individual themes. Encore can be purchased by subscribers as part of a digital package, which includes other movie services or a variety of general entertainment digital networks.

The Company acquired Sports Net Rocky Mountain, LLC, Fox Sports Net Northwest, LLC and Fox Sports Net Pittsburgh, LLC (RSN). It operates a regional video programming network devoted to local professional sports teams and college sporting events, and produces its own local programming, employing or hiring the necessary on-air talent and technical personnel to produce and uplink game telecasts. The RSNs derive revenue from fees paid by cable and DTH operators. FUN Technologies, Inc. (FUN) develops and distributes online skill, casual and fantasy sports games. Its games division operates a skill game offering, which includes pay-for-play, person-to-person and tournament-based interactive skill and free games. Its fantasy sports division develops and provides fantasy sports services, which include fantasy sports games, editorial content and games provided to third parties under private-label distribution arrangements. FUN's games division offers a range of free and tournament games of skill through its own Websites, including WorldWinner.com and Teagames.com. It offers versions of common casual games such as Bejeweled 2, branded content such as Scrabble Cubes, as well as, internally developed games. FUN also, provides co-branded tournament platforms to large interactive entertainment groups, including AOL, EA Pogo, MyPoints, MSN and GSN.

PicksPal, Inc. provides free online games, information and entertainment for sports fans. It operates PicksPal.com, a Website created as a virtual gathering place for sports fans that focuses on national sports. PicksPal.com uses elements of social networking to create a competitive outlet for sports fans and their friends. It also operates three interactive regional sports portals for Liberty Sports Holdings. The DIRECTV Group, Inc. is a provider of digital television entertainment in the United States and Latin America. Its two business segments, DIRECTV U.S. and DIRECTV Latin America are engaged in acquiring, promoting, selling and/or distributing digital entertainment programming via satellite to residential and commercial subscribers. DIRECTV U.S., is the provider of direct-to-home (DTH), digital television services and the provider in the multi-channel video programming distribution (MVPD), industry in the United States. DIRECTV Latin America (DTVLA) is a provider of DTH digital television services throughout Latin America. It is comprised of PanAmericana, which provides services in Venezuela, Argentina, Chile, Colombia, Puerto Rico and certain other countries.

Game Show Network, LLC (GSN) owns and operates the GSN television network. It is a basic cable network dedicated to game-related programming and online casual games. GSN.com is an ad-supported Website featuring many of the casual games, online versions of game shows and the free and skill games offered by FUN's games division. WildBlue Communications, Inc. delivers two-way broadband Internet access via satellite to homes and small businesses in rural markets. It provides coverage across the continental United States in the Ka spectrum band using a 26-inch outdoor unit and satellite modem. It also sells its products and services through retail channels consisting of Web-based, direct mail, inbound telesales and a national dealer network.

Capital Group

The Capital Group plans to grow the businesses by creating new opportunities for its existing businesses and by acquiring companies that leverage and complement those businesses. Starz Media’s operations include live-action theatrical film production and distribution, home video distribution, live-action television production and distribution, and theatrical and non-theatrical animation and are divided into the business units: Overture Films, Anchor Bay Entertainment, Proprietary Productions, Film Roman, Toronto Animation Studio and Feature Animation. Overture Films produces and acquires live action theatrical motion pictures for release domestically and worldwide. Starz Media's home video distribution business is operated through its Anchor Bay Entertainment subsidiary, utilizing the Anchor Bay and Manga brands. Its titles are distributed through regional and national retailers, including Wal-Mart, Target and Best Buy. Proprietary Productions develops and produces proprietary live-action and animated content for television and direct-to-video distribution. It has produced live-action productions for the Sci Fi Network, Independent Film Channel, Lifetime and other cable and broadcast networks. Film Roman develops and produces two-dimensional (2D) animated content on a for-hire basis for distribution theatrically and on television. Atlanta National League Baseball Club, Inc. owns and operates the Atlanta Braves Major League Baseball franchise.

TruePosition, Inc. develops and markets technology for locating wireless phones and other wireless devices. Its location system is a passive network overlay system designed to enable mobile wireless service providers to determine the location of all network wireless devices, including cellular and personal communication system (PCS) telephones. Leisure Arts, Inc. is a producer and distributor of lifestyle and instructional publications and crafting accessories. It publishes and markets how-to books, leaflets, digital versatile disc (DVD), Webcasts and online e-newsletters on topics, such as cross stitching, knitting, crochet, quilting, scrapbooking, paper crafting and other crafts, decorative painting, other needlework, sewing and holiday decorating. WFRV and WJMN Television Station, Inc. operate two power television stations: WFRV-TV, in Green Bay, Wisconsin, and WJMN-TV, in Escanaba, Michigan.

The Company competes with 1-800-FLOWERS, Hallmark Flowers, FTD, Teleflora, Orbitz, Travelocity, Priceline, American Express, and Navigant International.