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Exhibit 99.1

Unaudited Historical Attributed Financial Information for Tracking Stock Groups

On March 3, 2008, Liberty Media Corporation ("Liberty") completed a reclassification of its Liberty Capital common stock whereby each share of Series A Liberty Capital common stock was reclassified as one share of the reclassified Series A Liberty Capital common stock and four shares of the new Series A Liberty Entertainment common stock, and each share of Series B Liberty Capital common stock was reclassified as one share of the reclassified Series B Liberty Capital common stock and four shares of the new Series B Liberty Entertainment common stock. The Liberty Entertainment common stock is intended to track and reflect the separate economic performance of the new Entertainment Group, which includes, among other things, Liberty's approximate 41% ownership interest in The DIRECTV Group, Inc. and its 100% ownership interests in Starz Entertainment Group, LLC, FUN Technologies, Inc. and certain regional sports television networks. The reclassified Liberty Capital common stock is intended to track and reflect the economic performance of the Capital Group, which includes, among other things, Liberty's wholly-owned subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc. and TruePosition, Inc.

The following tables present the assets, liabilities, revenue, expenses and cash flows of Liberty and its subsidiaries as of December 31, 2007 and 2006 and for the years ended December 31, 2007, 2006 and 2005 that have been attributed to the Interactive Group, the Entertainment Group and the Capital Group, respectively. The financial information should be read in conjunction with our audited financial statements for the years ended December 31, 2007, 2006 and 2005 filed as Exhibit 99.3 to this Form 8-K. The attributed financial information presented in the tables has been prepared assuming the reclassification had been completed as of January 1, 2005.

Notwithstanding the following attribution of assets, liabilities, revenue, expenses and cash flows to the Interactive Group, the Entertainment Group and the Capital Group, the reclassification does not affect the ownership or the respective legal title to such assets or responsibility for such liabilities. We and our subsidiaries each continue to be responsible for our respective liabilities. Holders of Liberty Interactive common stock, Liberty Entertainment common stock and Liberty Capital common stock are holders of Liberty common stock and continue to be subject to risks associated with an investment in our company and all of our businesses, assets and liabilities. The reclassification of our old Liberty Capital common stock into Liberty Entertainment common stock and Liberty Capital common stock does not affect the rights of our creditors.

BALANCE SHEET INFORMATION
December 31, 2007
(unaudited)

			Attributed (note 1)
			Interactive Group		Entertainment Group		Capital Group		Eliminations		Consolidated Liberty
			amounts in millions
Assets
Current assets:
	Cash and cash equivalents		$	557	90		2,488		—		3,135
	Trade and other receivables, net			1,179	183		155		—		1,517
	Inventory, net			975	—		—		—		975
	Program rights			—	515		—		—		515
	Current deferred tax assets			149	—		—		(149	)	—
	Other current assets			61	5		116		(15	)	167

		Total current assets		2,921	793		2,759		(164	)	6,309

Investments in available-for-sale securities and other cost investments (note 2)				2,044	10,652		4,873		—		17,569
Investments in affiliates, accounted for using the equity method				1,311	249		257		—		1,817
Investment in special purpose entity				—	—		750		—		750
Property and equipment, net				1,074	129		148		—		1,351
Goodwill				5,928	1,500		427		—		7,855
Trademarks				2,489	8		18		—		2,515
Other non-amortizable intangibles				—	—		173		—		173
Intangible assets subject to amortization, net				3,502	46		315		—		3,863
Other assets, at cost, net of accumulated amortization				57	431		2,959		—		3,447

		Total assets	$	19,326	13,808		12,679		(164	)	45,649

Liabilities and Equity
Current liabilities:
	Accounts payable		$	571	6		28		—		605
	Accrued interest			100	8		40		—		148
	Other accrued liabilities			644	148		144		—		936
	Intergroup payable (receivable)			95	(1	)	(94	)	—		—
	Accrued stock compensation			20	164		23		—		207
	Current portion of debt (note 3)			13	3		175		—		191
	Current deferred tax liabilities			—	—		242		(149	)	93
	Other current liabilities			62	6		1,241		(15	)	1,294

		Total current liabilities		1,505	334		1,799		(164	)	3,474

Long-term debt (note 3)				7,164	470		3,890		—		11,524
Deferred income tax liabilities (note 6)				2,670	3,521		2,267		—		8,458
Other liabilities				350	26		1,365		—		1,741

		Total liabilities		11,689	4,351		9,321		(164	)	25,197
Minority interests in equity of subsidiaries				107	—		759		—		866
Equity/Attributed net assets				7,530	9,457		2,599		—		19,586

		Total liabilities and equity	$	19,326	13,808		12,679		(164	)	45,649

BALANCE SHEET INFORMATION
December 31, 2006
(unaudited)

			Attributed (note 1)
			Interactive Group		Entertainment Group	Capital Group		Eliminations		Consolidated Liberty
			amounts in millions
Assets
Current assets:
	Cash and cash equivalents		$	946	91	2,070		—		3,107
	Trade and other receivables, net			977	177	122		—		1,276
	Inventory, net			831	—	—		—		831
	Program rights			—	531	—		—		531
	Current deferred tax assets			159	—	—		(31	)	128
	Other current assets			71	5	268		—		344
	Assets of discontinued operations			—	—	512		—		512

		Total current assets		2,984	804	2,972		(31	)	6,729

Investments in available-for-sale securities and other cost investments (note 2)				2,572	11,160	7,890		—		21,622
Investments in affiliates, accounted for using the equity method				1,358	253	231		—		1,842
Property and equipment, net				912	139	95		—		1,146
Goodwill				5,755	1,464	369		—		7,588
Trademarks				2,450	3	18		—		2,471
Intangible assets subject to amortization, net				3,756	63	91		—		3,910
Other assets, at cost, net of accumulated amortization				33	454	1,843		—		2,330

		Total assets	$	19,820	14,340	13,509		(31	)	47,638

Liabilities and Equity
Current liabilities:
	Accounts payable		$	475	9	24		—		508
	Accrued interest			136	23	55		—		214
	Other accrued liabilities			637	174	64		—		875
	Intergroup payable (receivable)			81	—	(81	)	—		—
	Accrued stock compensation			26	130	4		—		160
	Current portion of debt (note 3)			11	3	100		—		114
	Current deferred tax liabilities			—	—	31		(31	)	—
	Other current liabilities			91	12	1,494		—		1,597
	Liabilities of discontinued operations			—	—	101		—		101

		Total current liabilities		1,457	351	1,792		(31	)	3,569

Long-term debt (note 3)				6,372	173	2,364		—		8,909
Deferred income tax liabilities (note 6)				3,057	3,703	2,901		—		9,661
Other liabilities				277	263	3,036		—		3,576

		Total liabilities		11,163	4,490	10,093		(31	)	25,715
Minority interests in equity of subsidiaries				96	53	141		—		290
Equity/Attributed net assets				8,561	9,797	3,275		—		21,633

		Total liabilities and equity	$	19,820	14,340	13,509		(31	)	47,638

STATEMENT OF OPERATIONS INFORMATION
Year ended December 31, 2007
(unaudited)

				Attributed (note 1)
				Interactive Group			Entertainment Group		Capital Group		Consolidated Liberty
				amounts in millions
Revenue:
	Net retail sales			$	7,802		—		—			7,802
	Communications and programming services				—		1,136		485			1,621

					7,802		1,136		485			9,423

Operating costs and expenses:
	Cost of sales				4,921		—		—			4,921
	Operating				638		725		480			1,843
	Selling, general and administrative (including stock-based compensation) (notes 1, 4 and 5)				594		202		227			1,023
	Depreciation and amortization				536		37		102			675
	Impairment of long-lived assets				—		41		182			223

					6,689		1,005		991			8,685

			Operating income (loss)		1,113		131		(506	)		738
Other income (expense):
	Interest expense				(465	)	(25	)	(151	)		(641	)
	Dividend and interest income				44		60		217			321
	Share of earnings (losses) of affiliates, net				77		13		(68	)		22
	Realized and unrealized gains (losses) on financial instruments, net				(6	)	14		1,261			1,269
	Gains (losses) on dispositions, net				12		(1	)	635			646
	Other than temporary declines in fair value of investments				—		—		(33	)		(33	)
	Other, net				1		—		(2	)		(1	)

					(337	)	61		1,859			1,583

		Earnings from continuing operations before income taxes and minority interests			776		192		1,353			2,321
Income tax benefit (expense) (note 6)					(306	)	(77	)	62			(321	)
Minority interests in losses (earnings) of subsidiaries					(29	)	21		(27	)		(35	)

		Earnings from continuing operations		$	441		136		1,388			1,965

Historical basic earnings from continuing operations per common share:
		Liberty Interactive common stock									$	.70

		Liberty Capital common stock									$	11.55

Pro forma basic earnings from continuing operations per common share (note 7):
		Liberty Interactive common stock									$	.70

		Liberty Entertainment common stock									$	.26

		Liberty Capital common stock									$	10.75

STATEMENT OF OPERATIONS INFORMATION
Year ended December 31, 2006
(unaudited)

				Attributed (note 1)
				Interactive Group			Entertainment Group		Capital Group		Consolidated Liberty
				amounts in millions
Revenue:
	Net retail sales			$	7,326		—		—		7,326
	Communications and programming services				—		1,075		212		1,287

					7,326		1,075		212		8,613

Operating costs and expenses:
	Cost of sales				4,565		—		—		4,565
	Operating				596		766		164		1,526
	Selling, general and administrative (including stock-based compensation) (notes 1, 4 and 5)				544		143		119		806
	Depreciation and amortization				491		41		50		582
	Impairment of long-lived assets				—		113		—		113

					6,196		1,063		333		7,592

			Operating income (loss)		1,130		12		(121	)	1,021
Other income (expense):
	Interest expense				(417	)	(31	)	(232	)	(680	)
	Dividend and interest income				40		61		113		214
	Share of earnings of affiliates, net				47		14		30		91
	Realized and unrealized gains (losses) on financial instruments, net				20		(31	)	(268	)	(279	)
	Gains on dispositions of assets, net				—		—		607		607
	Other than temporary declines in fair value of investments				—		—		(4	)	(4	)
	Other, net				23		(5	)	—		18

					(287	)	8		246		(33	)

		Earnings from continuing operations before income taxes and minority interests			843		20		125		988
Income tax benefit (expense) (note 6)					(210	)	(43	)	1		(252	)
Minority interests in losses (earnings) of subsidiaries					(35	)	10		(2	)	(27	)

		Earnings (loss) from continuing operations		$	598		(13	)	124		709

STATEMENT OF OPERATIONS INFORMATION
Year ended December 31, 2005
(unaudited)

				Attributed (note 1)
				Interactive Group			Entertainment Group		Capital Group		Consolidated Liberty
				amounts in millions, except per share amounts
Revenue:
	Net retail sales			$	6,501		—		—		6,501
	Communications and programming services				—		1,004		141		1,145

					6,501		1,004		141		7,646

Operating costs and expenses:
	Cost of sales				4,112		—		—		4,112
	Operating				570		706		121		1,397
	Selling, general and administrative (including stock-based compensation) (notes 1, 4 and 5)				454		145		49		648
	Depreciation and amortization				449		49		47		545

					5,585		900		217		6,702

			Operating income (loss)		916		104		(76	)	944
Other income (expense):
	Interest expense				(374	)	(28	)	(224	)	(626	)
	Dividend and interest income				35		60		48		143
	Share of earnings (losses) of affiliates, net				9		(17	)	21		13
	Realized and unrealized gains (losses) on financial instruments, net				(17	)	71		203		257
	Gains (losses) on dispositions of assets, net				40		—		(401	)	(361	)
	Other than temporary declines in fair value of investments				—		(351	)	(98	)	(449	)
	Other, net				(38	)	1		(2	)	(39	)

					(345	)	(264	)	(453	)	(1,062	)

		Earnings (loss) from continuing operations before income taxes and minority interests			571		(160	)	(529	)	(118	)
Income tax benefit (expense) (note 6)					(225	)	127		224		126
Minority interests in earnings of subsidiaries					(48	)	—		(3	)	(51	)

		Earnings (loss) from continuing operations		$	298		(33	)	(308	)	(43	)

STATEMENT OF CASH FLOWS INFORMATION
Year ended December 31, 2007
(unaudited)

					Attributed (note 1)
					Interactive Group			Entertainment Group		Capital Group		Consolidated Liberty
					amounts in millions
Cash flows from operating activities:
	Net earnings				$	441		136		1,537		2,114
	Adjustments to reconcile net earnings to net cash provided by operating activities:
		Earnings from discontinued operations				—		—		(149	)	(149	)
		Depreciation and amortization				536		37		102		675
		Impairment of long-lived assets				—		41		182		223
		Stock-based compensation				35		46		12		93
		Cash payments for stock-based compensation				(37	)	—		(3	)	(40	)
		Noncash interest expense				4		—		5		9
		Share of losses (earnings) of affiliates, net				(77	)	(13	)	68		(22	)
		Realized and unrealized losses (gains) on financial instruments, net				6		(14	)	(1,261	)	(1,269	)
		Losses (gains) on disposition of assets, net				(12	)	1		(635	)	(646	)
		Other than temporary declines in fair value of investments				—		—		33		33
		Minority interests in earnings (losses) of subsidiaries				29		(21	)	27		35
		Intergroup tax allocation				278		—		(278	)	—
		Intergroup tax payments				(321	)	—		321		—
		Other intergroup cash transfers, net				54		—		(54	)	—
		Deferred income tax expense (benefit)				(128	)	48		200		120
		Other noncash charges (credits), net				(1	)	—		142		141
		Changes in operating assets and liabilities, net of the effects of acquisitions:
			Current assets			(290	)	19		(165	)	(436	)
			Payables and other current liabilities			87		(62	)	252		277

				Net cash provided by operating activities		604		218		336		1,158

Cash flows from investing activities:
	Cash proceeds from dispositions					12		—		483		495
	Net proceeds from settlement of financial instruments					—		—		75		75
	Cash received in exchange transactions					—		—		1,154		1,154
	Cash paid for acquisitions, net of cash acquired					(236	)	(105	)	(7	)	(348	)
	Capital expended for property and equipment					(289	)	(11	)	(16	)	(316	)
	Net sales of short term investments					—		—		34		34
	Investment in special purpose entity					—		—		(750	)	(750	)
	Net increase in restricted cash					—		—		(882	)	(882	)
	Other investing activities, net					(74	)	11		(132	)	(195	)

				Net cash used by investing activities		(587	)	(105	)	(41	)	(733	)

Cash flows from financing activities:
	Borrowings of debt					1,112		—		757		1,869
	Repayments of debt					(332	)	(3	)	(163	)	(498	)
	Repurchases of Liberty common stock					(1,224	)	—		(1,305	)	(2,529	)
	Contribution from minority owner					—		—		751		751
	Intergroup cash transfers, net					—		(111	)	111		—
	Other financing activities, net					28		—		(27	)	1

				Net cash provided (used) by financing activities		(416	)	(114	)	124		(406	)

Effect of foreign currency rates on cash						10		—		(2	)	8

Net cash provided by discontinued operations:
	Cash provided by operating activities					—		—		8		8
	Cash used by investing activities					—		—		(9	)	(9	)
	Change in available cash held by discontinued operations					—		—		2		2

				Net cash provided by discontinued operations		—		—		1		1

				Net increase (decrease) in cash and cash equivalents		(389	)	(1	)	418		28
				Cash and cash equivalents at beginning of year		946		91		2,070		3,107

				Cash and cash equivalents at end of year	$	557		90		2,488		3,135

STATEMENT OF CASH FLOWS INFORMATION
Year ended December 31, 2006
(unaudited)

					Attributed (note 1)
					Interactive Group			Entertainment Group		Capital Group		Consolidated Liberty
					amounts in millions
Cash flows from operating activities:
	Net earnings (loss)				$	511		(15	)	344		840
	Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
		Earnings from discontinued operations				—		—		(220	)	(220	)
		Cumulative effect of accounting change				87		2		—		89
		Depreciation and amortization				491		41		50		582
		Impairment of long-lived assets				—		113		—		113
		Stock-based compensation				59		2		6		67
		Cash payments for stock-based compensation				(111	)	—		(4	)	(115	)
		Noncash interest expense				4		1		103		108
		Share of earnings of affiliates, net				(47	)	(14	)	(30	)	(91	)
		Realized and unrealized losses (gains) on financial instruments, net				(20	)	31		268		279
		Gains on disposition of assets, net				—		—		(607	)	(607	)
		Other than temporary declines in fair value of investments				—		—		4		4
		Minority interests in earnings (losses) of subsidiaries				35		(10	)	2		27
		Deferred income tax expense (benefit)				(262	)	17		(220	)	(465	)
		Other noncash charges (credits), net				(13	)	5		52		44
		Changes in operating assets and liabilities, net of the effects of acquisitions:
			Current assets			(219	)	72		(155	)	(302	)
			Payables and other current liabilities			38		(106	)	728		660

				Net cash provided by operating activities		553		139		321		1,013

Cash flows from investing activities:
	Cash proceeds from dispositions					—		—		1,322		1,322
	Premium proceeds (payments) from origination of derivatives					(5	)	—		64		59
	Net proceeds from settlement of derivatives					—		—		101		101
	Cash paid for acquisitions, net of cash acquired					(767	)	(174	)	(266	)	(1,207	)
	Capital expended for property and equipment					(259	)	(9	)	(10	)	(278	)
	Net sales of short term investments					23		—		264		287
	Other investing activities, net					(8	)	80		(241	)	(169	)

				Net cash provided (used) by investing activities		(1,016	)	(103	)	1,234		115

Cash flows from financing activities:
	Borrowings of debt					3,227		—		2		3,229
	Repayments of debt					(2,188	)	(3	)	—		(2,191	)
	Intergroup cash transfers, net					293		(32	)	(261	)	—
	Repurchases of Liberty common stock					(954	)	—		—		(954	)
	Other financing activities, net					68		5		(93	)	(20	)

				Net cash provided (used) by financing activities		446		(30	)	(352	)	64

Effect of foreign currency rates on cash						18		—		—		18

Net cash provided to discontinued operations:
	Cash provided by operating activities					—		—		62		62
	Cash used by investing activities					—		—		(67	)	(67	)
	Cash provided by financing activities					—		—		6		6

				Net cash provided by discontinued operations		—		—		1		1

				Net increase in cash and cash equivalents		1		6		1,204		1,211
				Cash and cash equivalents at beginning of year		945		85		866		1,896

				Cash and cash equivalents at end of year	$	946		91		2,070		3,107

STATEMENT OF CASH FLOWS INFORMATION
Year ended December 31, 2005
(unaudited)

					Attributed (note 1)
					Interactive Group			Entertainment Group		Capital Group		Consolidated Liberty
					amounts in millions
Cash flows from operating activities:
	Net earnings (loss)				$	298		(33	)	(298	)	(33	)
	Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
		Earnings from discontinued operations				—		—		(10	)	(10	)
		Depreciation and amortization				449		49		47		545
		Stock-based compensation				52		11		(11	)	52
		Cash payments for stock-based compensation				—		(8	)	(95	)	(103	)
		Noncash interest expense				3		1		97		101
		Share of losses (earnings) of affiliates, net				(9	)	17		(21	)	(13	)
		Realized and unrealized losses (gains) on financial instruments, net				17		(71	)	(203	)	(257	)
		Losses (gains) on disposition of assets, net				(40	)	—		401		361
		Other than temporary declines in fair value of investments				—		351		98		449
		Minority interests in earnings of subsidiaries				48		—		3		51
		Deferred income tax benefit				(188	)	(170	)	(31	)	(389	)
		Other noncash charges (credits), net				38		7		(4	)	41
		Changes in operating assets and liabilities, net of the effects of acquisitions:
			Current assets			(162	)	(30	)	17		(175	)
			Payables and other current liabilities			248		—		198		446

				Net cash provided by operating activities		754		124		188		1,066

Cash flows from investing activities:
	Cash proceeds from dispositions					1		—		48		49
	Premium proceeds from origination of derivatives					—		—		473		473
	Net proceeds from settlement of derivatives					—		—		461		461
	Capital expended for property and equipment					(153	)	(10	)	(5	)	(168	)
	Net purchases of short term investments					—		—		(85	)	(85	)
	Cash paid for acquisitions, net of cash acquired					(85	)	—		(11	)	(96	)
	Other investing activities, net					(19	)	—		(12	)	(31	)

				Net cash provided (used) by investing activities		(256	)	(10	)	869		603

Cash flows from financing activities:
	Borrowings of debt					800		—		61		861
	Repayments of debt					(1,734	)	(6	)	(61	)	(1,801	)
	Intergroup cash transfers, net					548		(88	)	(460	)	—
	Other financing activities, net					23		—		66		89

				Net cash used by financing activities		(363	)	(94	)	(394	)	(851	)

Effect of foreign currency rates on cash						(45	)	—		—		(45	)

Net cash provided to discontinued operations:
	Cash provided by operating activities					—		—		75		75
	Cash used by investing activities					—		—		(110	)	(110	)
	Cash provided by financing activities					—		—		11		11
	Change in available cash held by discontinued operations					—		—		(177	)	(177	)

				Net cash provided to discontinued operations		—		—		(201	)	(201	)

				Net increase in cash and cash equivalents		90		20		462		572
				Cash and cash equivalents at beginning of year		855		65		404		1,324

				Cash and cash equivalents at end of year	$	945		85		866		1,896

Notes to Historical Attributed Financial Information

(Unaudited)

(1): The assets attributed to our Interactive Group include our consolidated subsidiaries QVC, Inc, Provide Commerce, Inc., BuySeasons, Inc., Backcountry.com, Inc. and Bodybuilding.com, LLC and our interests in IAC/InterActiveCorp, GSI Commerce, Inc and Expedia. Accordingly, the accompanying attributed financial information for the Interactive Group includes our investments in IAC/InterActiveCorp, GSI and Expedia as well as the assets, liabilities, revenue, expenses and cash flows of QVC, Provide, BuySeasons, Backcountry and Bodybuilding. We have also attributed certain of our debt obligations (and related interest expense) to the Interactive Group based upon a number of factors, including the cash flow available to the Interactive Group and its ability to pay debt service and our assessment of the optimal capitalization for the Interactive Group. The specific debt obligations attributed to each of the Interactive Group, the Entertainment Group and the Capital Group are described in note 3 below. In addition, we have allocated certain corporate general and administrative expenses among the Interactive Group, the Entertainment Group and the Capital Group as described in note 4 below.

The Interactive Group focuses on video and on-line commerce businesses. Accordingly, we expect that businesses that we may acquire in the future that we believe are complementary to this strategy will also be attributed to the Interactive Group.

The Entertainment Group consists of our subsidiaries Starz Entertainment, LLC and FUN Technologies, Inc, our minority equity interests in GSN, LLC and WildBlue Communications, Inc. and approximately $500 million of cash and cash equivalents. Accordingly, the accompanying attributed financial information for the Entertainment Group includes these investments and the assets, liabilities, revenue, expenses and cash flows of these consolidated subsidiaries. We have also attributed $551 million principal amount of our publicly traded debt to the Entertainment Group. Additionally, we completed our exchange transaction with News Corporation in February 2008 pursuant to which we exchanged our minority interest in News Corporation for that company's approximate 41% interest in The DIRECTV Group, Inc., three regional sports television networks and approximately $465 million in cash. We have attributed the businesses and assets we obtained from News Corporation to the Entertainment Group.

The Entertainment Group focuses primarily on programming and communications businesses. Accordingly, we expect that businesses that we may acquire in the future that we believe are complementary to this strategy will also be attributed to the Entertainment Group.

The Capital Group consists of all of our businesses not included in the Interactive Group or the Entertainment Group including our consolidated subsidiaries Atlanta National League Baseball Club, Inc., Starz Media, LLC, Leisure Arts, Inc. and TruePosition, Inc. and several non-strategic minority equity investments. Accordingly, the accompanying attributed financial information for the Capital Group includes these investments and the assets, liabilities, revenue, expenses and cash flows of these consolidated subsidiaries. In addition, we have attributed to the Capital Group all of our notes and debentures (and related interest expense) that have not been attributed to the Interactive Group or the Entertainment Group. See note 3 below for the debt obligations attributed to the Capital Group.

Any businesses that we may acquire in the future that we do not believe will be complementary to the Interactive Group or the Entertainment Group will be attributed to the Capital Group.

While we believe the attribution methodology described above is reasonable and fair to each group, management may elect to change the attribution methodology in the future. In the event we elect to transfer assets or businesses from one group to another, such transfer would be made on a

Notes to Historical Attributed Financial Information

(Unaudited)

fair value basis and would be accounted for as a short term loan unless our board of directors determines to account for it as a long-term loan or through an inter-group interest.

(2): Investments in available-for-sale securities and other cost investments are summarized as follows:

				December 31, 2007		December 31, 2006
				amounts in millions
Interactive Group
	IAC/InterActiveCorp			$	1,863	2,572
	Other				181	—

		Total attributed Interactive Group			2,044	2,572

Entertainment Group
	News Corporation				10,647	11,158
	Other				5	2

		Total attributed Entertainment Group			10,652	11,160

Capital Group
	Time Warner Inc. ("Time Warner") (a)				1,695	3,728
	Sprint Nextel Corporation (a)				1,150	1,651
	Motorola, Inc. (a)				1,187	1,522
	Viacom, Inc.				333	311
	Embarq Corporation (a)				216	230
	Other available-for-sale equity securities (a)				104	289
	Other available-for-sale debt securities				156	135
	Other cost investments and related receivables				32	32

		Total attributed Capital Group			4,873	7,898

			Consolidated Liberty		17,569	21,630
			Less short-term investments		—	(8	)

				$	17,569	21,622

(a): Includes shares pledged as collateral for share borrowing arrangements.

Notes to Historical Attributed Financial Information

(Unaudited)

(3): Debt attributed to the Interactive Group, the Entertainment Group and the Capital Group is comprised of the following:

			December 31, 2007			December 31, 2006
			Outstanding principal		Carrying value	Carrying value
			amounts in millions
Interactive Group
	7.875% Senior Notes due 2009		$	670	668	667
	7.75% Senior Notes due 2009			233	234	234
	5.7% Senior Notes due 2013			803	801	800
	8.5% Senior Debentures due 2029			500	495	495
	8.25% Senior Debentures due 2030			902	895	895
	QVC bank credit facilities			4,023	4,023	3,225
	Other subsidiary debt			61	61	67

		Total Interactive Group debt		7,192	7,177	6,383

Entertainment Group
	3.25% Senior Exchangeable Debentures due 2031			551	419	119
	Subsidiary debt			54	54	57

		Total Entertainment Group debt		605	473	176

Capital Group
	0.75% Senior Exchangeable Debentures due 2023			1,750	1,820	1,637
	4% Senior Exchangeable Debentures due 2029			869	556	254
	3.75% Senior Exchangeable Debentures due 2030			810	463	234
	3.5% Senior Exchangeable Debentures due 2031			501	432	238
	Liberty bank facility			750	750	—
	Subsidiary debt			44	44	101

		Total Capital Group debt		4,724	4,065	2,464

	Total debt		$	12,521	11,715	9,023

(4): Cash and stock-based compensation expense for our corporate employees have been allocated among the Interactive Group, the Entertainment Group and the Capital Group based on the estimated percentage of time spent providing services for each group. Other general and administrative expenses are charged directly to the groups whenever possible and are otherwise allocated based on estimated usage or some other reasonably determined methodology. General and administrative costs, including stock-based compensation, allocated from the Capital Group to the Interactive Group and the Entertainment Group are as follows:

	Years ended December 31,
	2007		2006	2005
	amounts in millions
Interactive Group	$	17	13	5
Entertainment Group	$	19	12	1

Notes to Historical Attributed Financial Information

(Unaudited)

While we believe that this allocation method is reasonable and fair to each group, management may elect to change the allocation methodology or percentages used to allocate general and administrative expenses in the future.

(5): Effective January 1, 2006, we adopted Statement of Financial Accounting Standards No. 123 (revised 2004), "Share-based Payment" ("Statement 123R"). Statement 123R requires that we amortize the grant date fair value of our stock options and stock appreciation rights that qualify as equity awards as stock compensation expense over the vesting period of such awards. Statement 123R also requires that we record our liability awards at fair value each reporting period and that the change in fair value be reflected as stock compensation expense in our consolidated statements of operations. In connection with our adoption of Statement 123R, we recorded an $89 million transition adjustment, net of related income taxes. The transition adjustment is reflected in our consolidated statement of operations as the cumulative effect of accounting change. Stock-based compensation included in selling, general and administrative expenses in the accompanying statement of operations information is as follows:

	Years ended December 31,
	2007		2006	2005
	amounts in millions
Interactive Group	$	35	59	52
Entertainment Group	$	46	2	11
Capital Group	$	12	6	(11	)

(6): We have accounted for income taxes for the Interactive Group, the Entertainment Group and the Capital Group in the accompanying attributed financial information in a manner similar to a stand-alone company basis. To the extent this methodology differs from our tax sharing policy, differences have been reflected in the attributed net assets of the groups.

Interactive Group

The Interactive Group's income tax benefit (expense) consists of:

		Years ended December 31,
		2007			2006		2005
		amounts in millions
Current:
	Federal	$	(280	)	(305	)	(259	)
	State and local		(64	)	(57	)	(69	)
	Foreign		(90	)	(110	)	(85	)

			(434	)	(472	)	(413	)

Deferred:
	Federal		94		197		150
	State and local		33		62		40
	Foreign		1		3		(2	)

			128		262		188

Income tax expense		$	(306	)	(210	)	(225	)

Notes to Historical Attributed Financial Information

(Unaudited)

The Interactive Group's income tax benefit (expense) differs from the amounts computed by applying the U.S. federal income tax rate of 35% as a result of the following:

		Years ended December 31,
		2007			2006		2005
		amounts in millions
Computed expected tax expense		$	(262	)	(283	)	(183	)
Change in estimated foreign and state tax rates			(6	)	132		28
State and local income taxes, net of federal income taxes			(19	)	(23	)	(25	)
Foreign taxes, net of foreign tax credits			(10	)	(20	)	(29	)
Change in valuation allowance affecting tax expense			5		(14	)	2
Minority interest			(10	)	(12	)	(12	)
Disqualifying disposition of incentive stock options			—		14		—
Other, net			(4	)	(4	)	(6	)

	Income tax expense	$	(306	)	(210	)	(225	)

The tax effects of temporary differences that give rise to significant portions of the Interactive Group's deferred tax assets and deferred tax liabilities are presented below:

			December 31,
			2007			2006
			amounts in millions
Deferred tax assets:
	Net operating and capital loss carryforwards		$	43		35
	Accrued stock compensation			11		23
	Other accrued liabilities			148		161
	Deferred revenue			11		—
	Other future deductible amounts			100		90

		Deferred tax assets		313		309
	Valuation allowance			(12	)	(19	)

		Net deferred tax assets		301		290

Deferred tax liabilities:
	Investments			594		884
	Intangible assets			2,083		2,225
	Other			145		79

		Deferred tax liabilities		2,822		3,188

Net deferred tax liabilities			$	2,521		2,898

Notes to Historical Attributed Financial Information

(Unaudited)

Entertainment Group

The Entertainment Group's income tax benefit (expense) consists of:

		Years ended December 31,
		2007			2006		2005
		amounts in millions
Current:
	Federal	$	(28	)	(24	)	(41	)
	State and local		1		—		—
	Foreign		(2	)	(2	)	(2	)

			(29	)	(26	)	(43	)

Deferred:
	Federal		(38	)	(12	)	161
	State and local		(10	)	(5	)	9
	Foreign		—		—		—

			(48	)	(17	)	170

Income tax benefit (expense)		$	(77	)	(43	)	127

The Entertainment Group's income tax benefit (expense) differs from the amounts computed by applying the U.S. federal income tax rate of 35% as a result of the following:

	Years ended December 31,
	2007			2006		2005
	amounts in millions
Computed expected tax benefit (expense)	$	(75	)	(10	)	56
Impairment charges and amortization of goodwill not deductible for income tax purposes		(11	)	(39	)	—
State and local income taxes, net of federal income taxes		(6	)	(3	)	6
Foreign taxes		—		(1	)	(1	)
Change in estimated state and foreign tax rates		—		—		53
Change in valuation allowance affecting tax expense		(4	)	(6	)	—
Dividends received deduction		12		12		12
Other, net		7		4		1

Income tax benefit (expense)	$	(77	)	(43	)	127

Notes to Historical Attributed Financial Information

(Unaudited)

The tax effects of temporary differences that give rise to significant portions of the Entertainment Group's deferred tax assets and deferred tax liabilities are presented below:

			December 31,
			2007			2006
			amounts in millions
Deferred tax assets:
	Net operating and capital loss carryforwards		$	1		16
	Accrued stock compensation			65		49
	Intangible assets			47		15
	Other future deductible amounts			3		27

		Deferred tax assets		116		107
	Valuation allowance			(33	)	(18	)

		Net deferred tax assets		83		89

Deferred tax liabilities:
	Investments			3,396		3,567
	Discount on exchangeable debentures			193		211
	Other			15		14

		Deferred tax liabilities		3,604		3,792

Net deferred tax liabilities			$	3,521		3,703

Capital Group

The Capital Group's income tax benefit (expense) consists of:

		Years ended December 31,
		2007			2006		2005
		amounts in millions
Current:
	Federal	$	281		(184	)	200
	State and local		(18	)	(35	)	(6	)
	Foreign		(1	)	—		(1	)

			262		(219	)	193

Deferred:
	Federal		(208	)	177		(92	)
	State and local		8		42		123
	Foreign		—		1		—

			(200	)	220		31

Income tax benefit		$	62		1		224

Notes to Historical Attributed Financial Information

(Unaudited)

The Capital Group's income tax benefit (expense) differs from the amounts computed by applying the U.S. federal income tax rate of 35% as a result of the following:

	Years ended December 31,
	2007			2006		2005
	amounts in millions
Computed expected tax benefit (expense)	$	(463	)	(43	)	186
Nontaxable exchange of investments for subsidiaries and cash		541		—		—
State and local income taxes, net of federal income taxes		(10	)	(8	)	26
Foreign taxes		9		1		(1	)
Change in valuation allowance affecting tax expense		(10	)	96		(42	)
Disposition of nondeductible goodwill in sales transactions		—		(43	)	—
Change in estimated state and foreign tax rates		2		(2	)	66
Other, net		(7	)	—		(11	)

Income tax benefit	$	62		1		224

The tax effects of temporary differences that give rise to significant portions of the Capital Group's deferred tax assets and deferred tax liabilities are presented below:

			December 31,
			2007			2006
			amounts in millions
Deferred tax assets:
	Net operating and capital loss carryforwards		$	271		419
	Accrued stock compensation			14		7
	Other future deductible amounts			428		263

		Deferred tax assets		713		689
	Valuation allowance			(18	)	(9	)

		Net deferred tax assets		695		680

Deferred tax liabilities:
	Investments			1,982		2,434
	Intangible assets			248		139
	Discount on exchangeable debentures			974		770
	Other			—		269

		Deferred tax liabilities		3,204		3,612

Net deferred tax liabilities			$	2,509		2,932

(7): Pro forma basic earnings (loss) from continuing operations per common share has been calculated by dividing the earnings (loss) from continuing operations attributable to each of the Entertainment Group and the Capital Group by 516.4 million shares of Liberty Entertainment common stock and 129.1 million shares of Liberty Capital common stock, respectively, which are the number of shares that would have been issued if the reclassification had been completed on December 31, 2007.

Notes to Historical Attributed Financial Information

(Unaudited)

(8): The Liberty Interactive common stock, Liberty Entertainment common stock and Liberty Capital common stock have voting and conversion rights under the amended charter. Following is a summary of those rights. Holders of Series A common stock are entitled to one vote per share and holders of Series B common stock are entitled to ten votes per share. Holders of Series C common stock will be entitled to 1/100th of a vote per share in certain limited cases and will otherwise not be entitled to vote. In general, holders of Series A and Series B common stock vote as a single class. In certain limited circumstances, the board may elect to seek the approval of only the holders of common stock related to our Interactive Group, our Entertainment Group or our Capital Group.

At the option of the holder, each share of Series B common stock is convertible into one share of Series A common stock of the same group. At the discretion of our board, the common stock related to one group may be converted into common stock of the same series that is related to one of our other groups.

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