Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

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Investments In Affiliates Accounted For Using The Equity Method (Tables)
 3 Months Ended
Mar. 31, 2013
Investments in Affiliates Accounted for Using the Equity Method [Line Items]  
Schedule Of Equity Ownership And Carrying Amount
Liberty has various investments accounted for using the equity method. The following table includes the Company's carrying amount and percentage ownership of the more significant investments in affiliates at March 31, 2013 and the carrying amount at December 31, 2012:
 
March 31, 2013
 
December 31, 2012
 
Percentage
ownership
 
Market
Value (level 1)
 
Carrying
amount
 
Carrying
amount
 
 
 
dollar amounts in millions
SIRIUS XM (a)
NA

 
NA

 
NA

 
2,766

Live Nation (b)
27
%
 
$
644

 
393

 
406

 SIRIUS XM Canada (a)
38
%
 
295

 
281

 
NA

 Other
various

 
N/A

 
196

 
169

 
 

 
 

 
$
870

 
3,341

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
The following table presents the Company's share of earnings (losses) of affiliates:
 
Three months ended
March 31,
 
2013
 
2012
 
amounts in millions
SIRIUS XM (a)
$
8

 
33

Live Nation (b)
(19
)
 
(16
)
SIRIUS XM Canada
1

 
—

Other
27

 
(5
)
 
$
17

 
12

___________________________

(a)
During the three months ended March 31, 2013, as discussed in note 1, Liberty acquired an additional 50 million common shares and acquired a controlling interest in SIRIUS XM and as a result consolidates SIRIUS XM as of such date. SIRIUS XM has an investment in SIRIUS XM Canada that was recorded at fair value in purchase accounting. See discussion below of SIRIUS XM Canada.
(b)
During the first quarter of 2013, Liberty acquired an additional 1.7 million shares of Live Nation for approximately $19 million which increased our ownership percentage, at the time of acquisition, to approximately 27%.