13 Facts About Liberty Media

Liberty Media Corporation is an American mass media company controlled by chairman John C Malone.

Liberty Media has three divisions, reflecting the company's ownership stakes in Formula One, SiriusXM, and the Atlanta Braves Major League Baseball team.

Liberty Media began in 1991 as a spin-off of TCI, an American cable-television group.

Liberty Media took over TCI assets considered to have little value, but Barton completed "a deal every ten days for six years" and made the company a big success.

Liberty Media Digital lost $244 million with revenue of $66 million in 1999, thanks to investments in struggling Internet businesses homegrocer.

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Liberty Media bought half of the Game Show Network because of its interactive features.

Liberty Media subsequently spent $5 billion on nine German regional cable networks.

In June 2005, Liberty Media International combined with UnitedGlobalCom, creating Liberty Global.

Liberty Media announced plans in April 2011 to sell WFRV and WJMN to Nexstar Broadcasting Group for $20 million.

The deal provided two board seats for Liberty Media, and provided cash for operations and development, with a maturity date of December 2012 for the loan.

In 2010, Liberty Media announced that it would spin off Liberty Starz and Liberty Capital and keep Liberty Interactive.

In 2014, Liberty Media spun off TruePosition and its holdings in Charter Communications into a new company, Liberty Broadband.

Liberty Media has issued tracking stocks for each of the 3 divisions, and each tracking stock is in 3 different series having different voting rights, meaning that the company's common stock trades under nine different stock symbols.