Libertys Tangled History

March 28, 1991:

Liberty Media Corp., formed by Tele-Communications Inc. for the purpose of spinning off TCI's interests in cable television programming to its shareholders, begins trading.

Aug. 4, 1994:

TCI reacquires public interest in Liberty Media Corp., which becomes a wholly owned subsidiary of the MSO.

Aug. 10, 1995:

TCI divides its common stock into two tracking stocks, with one series of tracking stock intended to reflect the separate performance of a newly created "Liberty Media Group." LMG begins trading.

August 1997:

TCI creates a third class of tracking stock intended to track the separate performance of the "TCI Ventures Group," which was comprised of the International Cable and Programming division and the Technology/Venture Capital division of TCI.

March 9, 1999:

TCI is acquired by AT&T Corp. Holders of TCI Group shares receive AT&T stock and holders of LMG and TCI Ventures receive shares of AT&T's Liberty Media Group tracking stock. LMG begins trading on the New York Stock Exchange on March 10, 1999, under the symbols LMG.A and LMG.B.

Nov. 14, 2000:

AT&T announces it will spin off Liberty Media Group as an asset-based, publicly owned stock in the second quarter of 2001.

Source: Liberty Media Group