Liberty Media Corp
Industry: Entertainment/Media

Liberty Media Corporation is a holding company with a variety of subsidiaries and investments operating in the media, communications and entertainment industries. The Company owns interests in a broad range of video programming and communications businesses in the United States, Europe, South America and Asia. Liberty Media's principal assets include interests in Starz Encore Group LLC, Liberty Livewire Corporation, On Command Corporation, Discovery Communications, Inc., AOL Time Warner Inc., QVC, Inc., USA Networks, Inc., Telewest Communications plc, Motorola, Inc., Sprint PCS Group and The News Corporation Limited. For the year ended December 31, 2001, the Company had five operating segments: Starz Encore Group, Liberty Livewire, On Command, Telewest and Other.

Business Summary
Liberty Media Corporation, through its subsidiaries, engages in the electronic retailing, media, and communication and entertainment operations in the United States, Europe, and Asia. The company operates in two divisions, Interactive and Networks. Interactive division provides televised shopping programs; creative media services to the media and entertainment industries; in-room video entertainment and information services; technology, content and applications, and services that enable digital television network operators to deliver and manage interactive television services; and technology for locating wireless phones and other wireless devices. This division also offers direct-to-consumer transactions across various areas, including home shopping, ticketing, personals, travel, teleservices, and local services. Networks division comprises programming networks that distribute services through various distribution technologies, including cable television, direct-to-home satellite, broadcast television, and the Internet. This division includes Starz Entertainment Group LLC, which provides premium movie networks distributed by cable, direct-to-home satellite, and other distribution media in the United States; Discovery Communications, Inc., a media and entertainment company; Courtroom Television Network, LLC, which provides informative and entertaining programming based on the American legal system; GSN, LLC, which offers games, game playing, and game shows; and an interest in News Corp., a media and entertainment company. Liberty Media is headquartered in Englewood, Colorado.

Financial Summary
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