Gregory B Maffei Net Worth is10.1 $Million
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Company Name: Liberty Media Corporation
Company Type: Public company
Traded As: LMCA and LMCB , ''NASDAQ-100''
Industry: Broadcasting holding company
Foundation: Spin-off from Tele-Communications Inc. (1991)
Location: Douglas County, Colorado, Colorado, United StatesThe ZIP code#ZIP codes only loosely tied to cities designation of Englewood, Colorado, a city in neighboring Arapahoe County, Colorado, is used in the company’s mailing address.
Key People: revenue
Operating Income: net income
Assets: equity
Divisions: Liberty Media#Divisions
Num Employees: Company and subsidiaries:, Homepage: []
Liberty Media Corporation (commonly referred to as Liberty Media or Liberty) is an American media conglomerate and the control is exercised by company Chairman John C. Malone, who owns a majority of the voting shares.
Liberty Media began in 1991 as a spin-off of TCI, an American cable-television group. Peter Barton, hired by TCI's Malone, served as president until retiring in April 1997 to start an investment firm and spend time with his family.
The company took over TCI assets considered to have little value, but Barton completed "a deal every ten days for six years" and made the company a big success. Liberty was merged back into TCI in the mid-1990s.
On March 13, 1998, Liberty Media Group and TCI Group announced the merger of Encore and STARZ! into a single company a?? Encore Media Group, owned by Liberty. Encore was taking advantage of the growth of digital cable, while TCI, which had previously owned twenty percent of Encore, was more interested in traditional cable.
After U.S. Department of Justice approval that required TCI to sell its 23.5 percent interest in Sprint Corporation PSC, TCI merged with AT&T on March 9, 1999 for approximately $48 billion. Liberty Media merged with TCI Ventures Group LLC (TCIVA), TCI's telephone and Internet businesses, and the resulting company became part of AT&T, giving Liberty Media $5.5 billion for use to repurchase stock or buy other companies. Liberty Media also could borrow $6 billion without lowering AT&T's debt rating.[citation needed]
AT&T bought the other TCI businesses a?? @Home Corp., National Digital Television Center and Western Tele-Communications Inc. a?? for $2.5 billion in cash. TCI chairman Malone, who became head of the new company, said buyers would not want all of TCI, but they would be interested in Liberty Media. Malone wanted to start a finance unit similar to GE Capital, which could start new cable or Internet services. TCI had already planned digital cable set-top boxes.
On September

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Gregory B Maffei Latest News

QVC parent's CEO made $87.5 million, but with a catch

Gregory B. Maffei, the chief executive of home-shopping channel QVC's parent company, earned a whopping $87.5 million in 2009, but he won't get to cash in most of it until 2013. That's because Maffei, who heads the $10.2 billion Denver-based Liberty Media ...
Posted: June 25, 2010, 5:00 pm

Shareholders Send Live Nation Board A Warning

Dolan, Ariel Emanuel, Gregory B. Maffei and Randall T. Mays. Dolan, who is also CEO of Cablevision, a division of John Malone's Liberty Media which is a substantial holder of Live Nation stock fared the worst. Dolan saw almost a 26% no vote on his ...
Posted: June 15, 2012, 9:39 am

Electronic Arts Appoints Gregory B. Maffei to Its Board of Directors.

Electronic Arts (NASDAQ: ERTS), the world's leading developer and publisher of interactive entertainment, today announced the appointment of Gregory B. Maffei to its Board of Directors. Mr. Maffei is Chairman and Chief Executive Officer of 360networks ...
Posted: June 3, 2003, 5:00 pm
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