Libertys Tangled History
By Multi Channel News Staff -- Multichannel News, 11/19/2000 7:00:00 PM
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
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