Liberty Media Announces 2008 LibertyGives Theme

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Foundation targets services for at-risk and disadvantaged front-range youth

ENGLEWOOD, Colo., Feb. 21 /PRNewswire/ -- Liberty Media Corporation today announced its 2008 giving theme for the LibertyGives Foundation. Liberty employees have elected to direct LibertyGives funds to causes aiding underprivileged and at-risk youth along the front range of Colorado.

LibertyGives is accepting grant proposals for funding from $1,000 to $150,000 from public charitable organizations focused on helping Colorado's at-risk youth overcome impediments that restrict their opportunities to grow, learn and thrive.

"2007 was the inaugural year for LibertyGives and we were honored to assist our community by helping those less fortunate with the critical need of basic healthcare," stated Greg Maffei, President and CEO of Liberty Media. "We look forward to another year of helping in 2008. This year our employees have elected to fund programs aiding vulnerable and at-risk youth in our community. As one of Colorado's largest companies, we have a duty to support humanitarian causes that aid the less fortunate and set an example of giving back to the community."

Organizations seeking funding may obtain a grant request form at http://libertymedia.com/libertygives/default.htm. Proposals should be forwarded to the Foundation via email at LibertyGives@libertymedia.com or by mail at:

     LibertyGives Foundation
     12300 Liberty Boulevard
     Englewood, CO  80112

Grant proposals for 2008 should be submitted by September 30, 2008, and be related to the 2008 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, Backcountry.com, 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 http://www.libertymedia.com.

SOURCE Liberty Media Corporation

Released February 21, 2008