Liberty Interactive
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| Public | |
| Traded as | NASDAQ: QVCA, 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] |
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Key people
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• John C. Malone, Chairman • Greg Maffei, President and Chief Executive Officer |
| Revenue |  US$ 10.982 billion (2010)[2] |
| US$1.303 billion (2010)[2] |
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| US$1.892 billion (2010)[2] |
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| Total assets |  US$26.600 billion (2010)[2] |
| Total equity | US$11.442 billion (2010)[2] |
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Number of employees
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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.[3]
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.[4] 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.[5] 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.[6]
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.[7]
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.[8]
Divisions[edit]
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This section does not cite any sources. (February 2010) |
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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,[9] primarily through Liberty Capital unless noted, Liberty has assets of the following companies not listed above:
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See also[edit]
References[edit]
- ^ The postal designation of Englewood, a city in neighboring Arapahoe County, is used in the company’s mailing address.
- ^ a b c d e f "2010 Form 10-K, Liberty Interactive Corporation". U.S. Securities and Exchange Commission.
- ^ (Press Release) http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/04-16-1999/0000910826&EDATE= (via PR Newswire). Retrieved March 5, 2009.
- ^ (Press Release) http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-10-1999/0001019050&EDATE= (via PR Newswire). Retrieved March 5, 2009.
- ^ "Liberty Media, TCI Form Internet Group - InternetNews.". www.internetnews.com. Retrieved 2015-04-24.
- ^ Doan, Amy (August 26, 2000). "Liberty Is Sweet on Interactive TV". Forbes. Retrieved March 5, 2009.
- ^ [1]. (via PR Newswire). Retrieved February 24, 2009.
- ^ "Liberty Interactive splits into cable shopping, e-commerce groups" (Press release). Reuters. 6 October 2014.
- ^ List of Liberty Media assets.
External links[edit]
- libertyinteractive.com, company's official website
- Yahoo! – Liberty Interactive Corporation Company Profile
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