Liberty Media Corporation Creates LibertyGives Foundation

Initial Funds Targeted at Medical Care for Poor and Homeless

    ENGLEWOOD, Colo., April 30 /PRNewswire/ -- Liberty Media Corporation
 today announced the creation of the LibertyGives Foundation. LibertyGives
 will distribute funds, based on employee chosen themes, to charitable
 organizations within the Rocky Mountain Region.
     Liberty's employees have decided that LibertyGives will focus its 2007
 charitable giving on organizations addressing the prevention, detection and
 treatment of medical problems of the Rocky Mountain region's most
 vulnerable populations, including the homeless, indigent and uninsured.
 Initially LibertyGives plans to distribute $250,000, and is presently
 seeking grant proposals from public charitable organizations addressing its
 2007 focus.
     "We are pleased to assist our community in helping those less fortunate
 with the most basic need of healthcare," stated Greg Maffei, President and
 CEO of Liberty Media. "As one of Colorado's largest companies, we believe
 it is critical to support local causes."
     "Good corporate citizenship involves giving back to the community, and
 we are fortunate to live in a city where successful companies like Liberty
 Media are committed to philanthropy and civic participation," said Mayor
 John Hickenlooper. "Liberty's new philanthropic initiative to help the less
 fortunate in our region will bolster our strategic efforts to end
 homelessness in Denver. We are grateful for this generous support."
     Organizations seeking funding can forward a proposal to the Foundation
 via email at LibertyGives@libertymedia.com or by mail at:
                    LibertyGives Foundation
                    12300 Liberty Boulevard
                    Englewood, CO  80112
     Grant proposals for 2007 should be submitted by September 30, 2007, and
 be related to the 2007 theme.
     About Liberty Media Corporation
     Liberty Media Corporation owns interests in a broad range of electronic
 retailing, media, communications and entertainment businesses. Those
 interests are attributed to two tracking stock groups: the Liberty
 Interactive group, which includes Liberty's interests in QVC, Provide
 Commerce, IAC/InterActiveCorp, and Expedia, and the Liberty Capital group,
 which includes Liberty's interests in Starz Entertainment, News
 Corporation, and Time Warner. For more information, please see
 www.libertymedia.com.
 
 

SOURCE Liberty Media Corporation