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 |
|
Key people
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• John C. Malone, Chairman • Greg Maffei, President and Chief Executive Officer |
| Revenue |  US$ 9.169 billion (2015) |
|
US$1.170 billion (2015)
|
|
 US$640 million (2015)
|
|
| Total assets |
US$15.141 billion (2015)
|
| Total equity |
US$5.195 billion (2015)
|
| Owner | John C. Malone |
|
Number of employees
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Company and subsidiaries: 24,000 (December 2010) |
| 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.
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.
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. 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. 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.
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 . 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.
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Wikipedia