Liberty Media

The Liberty Media Corporation {{nyse|L}} is an American media conglomerate.

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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.

Related Topics:
TCI - Cable television - AT&T - 1999

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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 shareholder in News Corporation (though the founding Murdoch family owns more voting shares), and has a 4 percent stake in Time Warner. As of December 2003 it has never paid a dividend.

Related Topics:
German - News Corporation - Murdoch - Voting shares - Time Warner

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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.

Related Topics:
John Malone - Al Gore

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