Liberty Media Awards $75,000 to Teach For America-Colorado

- Challenge Grant Inspires Additional $112,000 in Corporate Funding Support From JPMorgan Chase, Nine Others -

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- LibertyGives, the charitable foundation of the Liberty Media Corporation (Nasdaq: LMCA, LMCB), today announced it has awarded a three-year, $75,000 challenge grant to Teach For America-Colorado. The grant, launched in July, called on other corporate donors to match or exceed LibertyGives’ initial gift. The LibertyGives grant generated an additional $112,000 of corporate funding support that will support the ongoing recruitment, training and professional development of Teach For America teachers, also known as corps members, in the Colorado Springs and Denver areas.

“Our teachers are committed to empowering their students to reach their fullest potential,” said Sean VanBerschot, executive director of Teach For America in Colorado. “The broad support of LibertyGives and our business community makes their work possible and fuels the community effort to ensure every Colorado child has access to the excellent education they deserve.”

Teach For America, which has been a member of the Colorado education community since 2007, is the national corps of outstanding recent college graduates who commit to teach for two years in urban and rural public schools and become lifelong leaders in expanding educational opportunity. This year in Colorado, 330 corps members are reaching nearly 21,000 students. Another 550 alumni call Colorado home and work from all sectors to ensure educational excellence and equity for all students.

Inspired by the $75,000 challenge grant from LibertyGives, JPMorgan Chase contributed $35,000 in funding which is directly supporting seven Teach For America teachers at West High School in Denver.

Other grantees, whose gifts totaled nearly $79,000 include:

“In order for Colorado to retain its place as a gainful employer in technology and other growth areas, it’s critical that businesses with roots here invest in the development of our public schools,” said Greg Maffei, President and CEO, Liberty Media. “We admire the mission of Teach For America and we're pleased to have initiated such a successful outcome through this grant program.”

“Teach For America’s programs make a lasting difference in Colorado schools, and we’re delighted to join LibertyGives and others in extending their impact,” said Todd Munson, president of JPMorgan Chase in Colorado.

About Liberty Media Corporation

Liberty Media (Nasdaq: LMCA, LMCB) owns interests in a broad range of media, communications and entertainment businesses, including its interest in Starz, LLC, and its subsidiaries the Atlanta National League Baseball Club, Inc., and TruePosition, Inc., its interest in SiriusXM, Live Nation and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.

About Teach For America

Teach For America is the national corps of outstanding recent college graduates who commit to teach for two years in urban and rural public schools and become lifelong leaders in expanding educational opportunity. This year, more than 9,000 corps members are teaching in 43 regions across the country, while nearly 24,000 Teach For America alumni continue working from inside and outside the field of education for the fundamental changes necessary to ensure educational excellence and equity. For more information, visit http://www.teachforamerica.org.

Liberty Media Corporation
Courtnee Ulrich, 720-875-5420
or
Teach For America-Colorado
Kaitlin Gastrock, 646-315-1396
kaitlin.gastrock@teachforamerica.org

Source: Liberty Media Corporation

Released November 29, 2011