ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Interactive Corporation (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) and
Liberty Media Corporation (Nasdaq: LMCA, LMCB, LMCK) announced today
that their respective Boards of Directors have approved new employment
arrangements with President and CEO Gregory B. Maffei that are intended
to secure his services through 2019.
"We are extremely pleased that Greg will continue in his leadership role
for another five years," said John Malone, Chairman of Liberty
Interactive and Liberty Media. "His creativity and strategic vision have
been transformational and have created tremendous shareholder value
since he joined us in 2005."
"I am thrilled to continue in my role at Liberty," said Greg Maffei,
Liberty Interactive and Liberty Media President and CEO. "I want to
thank John and the Board members for the support I have received as we
have made significant investments and transformative changes. Today,
Liberty has a portfolio of businesses that are very well-positioned for
the digital mobile era, led by great management teams, with the
resources to be opportunistic in the future."
Forms 8-K summarizing the arrangements were filed today with the
Securities and Exchange Commission.
About Liberty Interactive Corporation
Liberty Interactive Corporation operates and owns interests in a broad
range of digital commerce businesses. Those businesses are currently
attributed to two tracking stock groups: the QVC Group and the Liberty
Ventures Group. The businesses and assets attributed to the QVC Group
(Nasdaq: QVCA, QVCB) consist of Liberty Interactive's subsidiary, QVC,
Inc., and its interest in HSN, Inc., and the businesses and assets
attributed to the Liberty Ventures Group (Nasdaq: LVNTA, LVNTB) consist
of all of Liberty Interactive Corporation's businesses and assets other
than those attributed to the QVC Group, including its interest in
Expedia, its subsidiaries Provide Commerce, Backcountry.com,
Bodybuilding.com, CommerceHub, LMC Right Start and Evite, and minority
interests in Time Warner, Time Warner Cable, Lending Tree and Interval
Leisure Group.
About Liberty Media Corporation
Liberty Media Corporation (Nasdaq: LMCA, LMCB, LMCK) operates and owns
interests in a broad range of media, communications and entertainment
businesses, including its subsidiaries SiriusXM and Atlanta National
League Baseball Club, Inc., its interest in Live Nation Entertainment,
and minority equity investments in Time Warner Inc. and Viacom.
Liberty Interactive and Liberty Media Corporation
Courtnee
Ulrich, 720-875-5420
Source: Liberty Interactive and Liberty Media Corporation
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