Liberty Interactive

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Liberty Interactive Corporation
Public
Traded as NASDAQQVCA, QVCB, LVNTA, LVNTB,
NASDAQ-100 Components (QVCA and LVNTA)
Industry Media holding company
Founded Spin-off from Liberty Media
Headquarters Douglas County, Colorado, United States[1]
Key people
 • John C. Malone, Chairman
 • Greg Maffei, President and Chief Executive Officer
Revenue Increase US$ 10.982 billion (2010)[2]
Increase US$1.303 billion (2010)[2]
Increase US$1.892 billion (2010)[2]
Total assets Decrease US$26.600 billion (2010)[2]
Total equity Increase US$11.442 billion (2010)[2]
Owner John C. Malone[3]
Number of employees
Company and subsidiaries:
24,000 (December 2010)[2]
Divisions List of divisions
Website http://www.libertyinteractive.com/

Liberty Interactive Corporation, commonly referred to as Liberty Interactive, is an American media conglomerate controlled by company Chairman John C. Malone, who owns a majority of the voting shares.

History[edit]

Liberty Interactive was originally a division of Liberty Media; on September 28, 1998, Liberty Media announced the formation of Liberty Interactive, a division which would take advantage of new technologies such as set-top boxes to develop interactive programming. The company would own eighty-six percent of TCI Music Inc. (NASDAQ symbol: TUNE/TUNEP). As of January 1, 1999, E! Entertainment President and Chief Executive Officer Lee Masters would become the new company's CEO, and Bruce Ravenel would be Chief Technology Officer.[4]

On September 10, 1999, Liberty Media Group renamed TCI Music to Liberty Digital Inc. (NASDAQ symbol: LDIG), with the new company trading on NASDAQ's National Market tier, after Liberty Media traded most of its Internet content, interactive television assets, and rights to provide AT&T's cable systems with interactive services, plus cash and notes valued at $150 million, for TCI Music stock.[5] Masters, who became Liberty Digital's CEO, told The Wall Street Journal that the new company had a value of $1 billion, $650 million of that from the interactive unit of Liberty Media, which had also used the name Liberty Digital.[6] Liberty Digital lost $244 million with revenue of $66 million in 1999, thanks to investments in struggling Internet businesses homegrocer.com, drugstore.com, TiVo and iVillage. The company bought half of the Game Show Network because of its interactive features.[7]

On December 17, 1999, TCI Satellite Entertainment Inc. (TSAT), based in Englewood, Colorado, announced that Liberty Media was trading its interest in Sprint PCS for $300 million in TCI Satellite preferred stock. A new company, ninety percent owned by Liberty Media and ten percent owned by TCI Satellite, would combine the satellite-related businesses and take advantage of the growing area of Internet content. Liberty Media president and CEO Robert R. Bennett said the deal would benefit stockholders of both companies.[8]

In October 2014, Liberty Interactive announced its board had approved the division of the firm into two trading stocks – one for its shopping business, QVC Group, and another for its digital commerce, Liberty Digital Commerce, which will trade as Liberty Ventures Group.[9]

Divisions[edit]

and interests in:

Other assets[edit]

Liberty Interactive is an investor. In addition to its own offerings, the company also owns the stock of several major media and telecommunication companies. As of September 1, 2011,[10] primarily through Liberty Capital unless noted, Liberty has assets of the following companies not listed above:

See also[edit]

References[edit]

External links[edit]