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Liberty Media - Definition and Overview |
| Related Words: Ok, Assumption, Authorization, Autonomy, Brevet, Chance, Charter, Consent, Copyright, Delivery, Diploma, Discharge, Emancipation, Exception |
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The Liberty Media Corporation (NYSE: L (http://www.nyse.com/about/listed/lcddata.html?ticker=L)) is an American media conglomerate.
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.
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 owner of News Corporation and has a 4 percent stake in Time Warner. As of December 2003 it has never paid a dividend.
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.
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Example Usage of Liberty |
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lpin: This Week's Liberty Beacon: http://bit.ly/5DKgBK #redin |
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makinitrite: listening to "Liberty X - I Got What You Want" ♫ http://blip.fm/~h39ur |
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WOTN2: #SOT #Quote R @JosephBrady: Where Liberty dwells, there is my country. *Benjamin Franklin |
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