Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Liberty Media history
Liberty Media company history timeline
Liberty Media began in 1991 as a spin-off of TCI, an American cable-television group.
In 1994, Liberty Media was reacquired by TCI. The following, year it joined forces with Rupert Murdoch's News Corporation to create FOX/Liberty Networks, a national sports network.
When Turner Broadcasting was acquired by Time Warner in 1996, control of TCI's stake in Turner Broadcasting was passed on to Liberty Media, giving them a 9 percent holding in Time Warner.
In 1997, Robert R. Bennett was named President and CEO of Liberty Media, with John Malone serving as Chairman of the Board.
On September 28, 1998, Liberty Media announced the formation of Liberty Interactive, a company which would take advantage of new technologies such as set-top boxes to develop interactive programming.
The attractiveness of the Spanish-speaking market in the United States. prompted Liberty Media, Sony, and other investors to purchase Telemundo in 1998 for $780 million.
In 1998, BET was bought out jointly by Liberty Media and BET's chairman, Robert Johnson.
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.
In November 2000, AT&T announced that Liberty Media Group would be one of four planned spin-offs as the company was restructured into separate cable, wireless, corporate and consumer businesses.
The spin-off, completed on August 10, 2001, enabled Liberty Media to begin trading as an independent publicly-traded company, to raise capital on its own, and to use its stock as currency in acquiring, merging, or partnering with other companies.
For the year ended December 31, 2001, Liberty had five operating segments: Starz Encore Group, Liberty Livewire, On Command, Telewest, and Other.
Liberty Media began 2002 committed to their strategy of opportunism and value-creation.
2002: Liberty Media's Series A common stock symbol is changed to "L."
In May 2006, Time Warner acquired Liberty Media's 50% stake in Court TV for $735 million.
In April 2007, Liberty completed a purchase of Green Bay, Wisconsin, television station WFRV-TV, and satellite station WJMN-TV in Escanaba, Michigan, which serves the Marquette, Michigan, market.
On February 20, 2008, the Federal Communications Commission approved the exchange of 16.3% of News Corp. for 38.4% of DirecTV, an $11 billion deal that also gave Liberty sports networks in Denver, Pittsburgh and Seattle plus $550 million in cash.
On February 17, 2009, Liberty announced that it would invest up to $530 million into the struggling Sirius XM Radio Inc., in a structured deal that would help the satellite radio provider avoid filing bankruptcy protection by meeting its obligations.
In 2010, Liberty Media announced that it would spin off Liberty Starz and Liberty Capital and keep Liberty Interactive.
Liberty announced plans in April 2011 to sell WFRV and WJMN to Nexstar Broadcasting Group for $20 million.
In May 2011, Liberty announced it was in talks to buy the Barnes & Noble bookstore chain for $1.02 billion.
The spinoff took the name Liberty CapStarz, but renamed itself Liberty Media in 2011.
On August 8, 2012, Liberty Media announced that it would spin off Starz into a separate publicly traded company.
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.
The spin-off of Starz Inc. was completed on January 15, 2013.
Rate Liberty Media's efforts to communicate its history to employees.
Liberty Media jobs
Do you work at Liberty Media?
Does Liberty Media communicate its history to new hires?
Liberty Media competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Twenty-First Century Fox, Inc. | 2013 | $30.4B | 22,400 | 1 |
| ViacomCBS | 2019 | $14.5B | 12,700 | - |
| Journal Communications | 1988 | $7.5M | 300 | 1 |
| Cox Enterprises | 1898 | $21.0B | 55,000 | 535 |
| Altice USA | 2016 | $9.0B | 9,000 | 191 |
| AT&T | 1983 | $122.3B | 230,000 | 2,871 |
| AUTOMATED DIGITAL TECHNOLOGIES | - | $284.9K | 5 | - |
| Fox News | 1982 | $14.0B | 22,400 | 2 |
| Qwest | 1996 | $11.4B | 30,000 | - |
| News | 2013 | $10.1B | 24,000 | 241 |
Liberty Media history FAQs
Zippia gives an in-depth look into the details of Liberty Media, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Liberty Media. The employee data is based on information from people who have self-reported their past or current employments at Liberty Media. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Liberty Media. The data presented on this page does not represent the view of Liberty Media and its employees or that of Zippia.
Liberty Media may also be known as or be related to Liberty Media and Liberty Media Corporation.