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Exhibit 99.1

Attributed Financial Information for Tracking Stock Groups

Our Liberty Interactive common stock is intended to reflect the separate performance of our Interactive Group which is comprised of our businesses engaged in video and on-line commerce, including our subsidiaries, QVC, Inc., Provide Commerce, Inc., Backcountry.com, Inc., Bodybuilding.com, LLC and BuySeasons, Inc. and our interests in IAC/InterActiveCorp and Expedia, Inc. Our Liberty Entertainment common stock is intended to reflect the separate performance of our Entertainment Group which includes our wholly-owned subsidiaries Starz Entertainment, LLC, FUN Technologies, Inc, and Liberty Sports Group, our approximate 49% ownership interest in The DIRECTV Group, Inc., as well as other minority equity interests in GSN, LLC and WildBlue Communications, Inc. Our Liberty Capital common stock is intended to reflect the separate performance of our Capital Group which is comprised of all of our assets and businesses not attributed to the Interactive Group or the Entertainment Group.

The following tables present our assets, liabilities, revenue, expenses and cash flows as of and for the three and six months ended June 30, 2008 and 2007. The tables further present our assets, liabilities, revenue, expenses and cash flows that are attributed to the Interactive Group, the Entertainment Group and the Capital Group, respectively. The financial information should be read in conjunction with our unaudited condensed consolidated financial statements for the three and six months ended June 30, 2008 included in this Quarterly Report on Form 10-Q. The attributed financial information presented in the tables has been prepared assuming the Reclassification had been completed as of January 1, 2007.

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

SUMMARY ATTRIBUTED FINANCIAL DATA

Interactive Group

	June 30, 2008

	amounts in millions
Summary balance sheet data:
Current assets	$	2,969	2,921
Cost investments	$	1,735	2,044
Equity investments	$	1,342	1,311
Total assets	$	19,028	19,326
Long-term debt, including current portion	$	7,657	7,177
Long-term deferred income tax liabilities	$	2,363	2,670
Attributed net assets	$	7,350	7,530

			Three months ended June 30,						Six months ended June 30,

			2008			2007			2008			2007
			amounts in millions
Summary operations data:
Revenue			$	1,954			1,791			3,904			3,562
Cost of sales				(1,228	)		(1,112	)		(2,466	)		(2,222	)
Operating expenses				(181	)		(170	)		(361	)		(334	)
Selling, general and administrative expenses(1)				(147	)		(125	)		(283	)		(253	)
Depreciation and amortization				(136	)		(137	)		(275	)		(262	)

		Operating income		262			247			519			491
Interest expense				(122	)		(105	)		(243	)		(219	)
Other income, net				29			48			11			76
Income tax expense				(67	)		(81	)		(53	)		(141	)
Minority interests in earnings of subsidiaries				(10	)		(7	)		(17	)		(14	)

	Net earnings		$	92			102			217			193

(1): Includes stock-based compensation of $12 million and $9 million for the three months ended June 30, 2008 and 2007, respectively; and $17 million and $22 million for the six months ended June 30, 2008 and 2007, respectively.

SUMMARY ATTRIBUTED FINANCIAL DATA

Entertainment Group

	June 30, 2008

	amounts in millions
Summary balance sheet data:
Current assets	$	1,883	793
Cost investments	$	9	10,652
Equity investments	$	13,178	249
Total assets	$	17,542	13,808
Long-term debt, including current portion	$	2,374	473
Long-term deferred income tax liabilities	$	1,775	3,521
Attributed net assets	$	12,854	9,457

		Three months ended June 30,						Six months ended June 30,

		2008			2007			2008			2007
		amounts in millions
Summary operations data:
Revenue		$	359			271			669			551
Operating expenses			(239	)		(181	)		(426	)		(356	)
Selling, general and administrative expenses(1)			(73	)		(44	)		(122	)		(88	)
Depreciation and amortization			(12	)		(9	)		(24	)		(20	)

	Operating income		35			37			97			87
Gain (losses) on dispositions, net			(1	)		—			3,666			—
Other income (expense), net			62			(25	)		96			(7	)
Income tax benefit (expense)			(33	)		(6	)		1,707			(27	)
Minority interests in losses of subsidiaries			—			2			—			4

	Net earnings	$	63			8			5,566			57

(1): Includes stock-based compensation of $15 million and $9 million for the three months ended June 30, 2008 and 2007, respectively, and $22 million and $17 million for the six months ended June 30, 2008 and 2007, respectively.

SUMMARY ATTRIBUTED FINANCIAL DATA

Capital Group

	June 30, 2008

	amounts in millions
Summary balance sheet data:
Current assets	$	2,454	2,759
Cost investments	$	3,705	4,873
Total assets	$	10,322	12,679
Long-term debt, including current portion	$	3,948	4,065
Long-term deferred income tax liabilities	$	1,747	2,267
Attributed net assets	$	1,802	2,599

		Three months ended June 30,						Six months ended June 30,

		2008			2007			2008			2007
		amounts in millions
Summary operations data:
Revenue		$	174			131			265			203
Operating expenses			(138	)		(106	)		(212	)		(171	)
Selling, general and administrative expenses(1)			(76	)		(56	)		(156	)		(93	)
Depreciation and amortization			(28	)		(26	)		(54	)		(41	)

	Operating loss		(68	)		(57	)		(157	)		(102	)
Interest expense			(43	)		(34	)		(81	)		(65	)
Realized and unrealized gains (losses) on financial instruments, net			41			(221	)		(202	)		131
Gain on dispositions, net			—			617			15			623
Other income, net			15			38			52			63
Income tax benefit			24			459			176			338
Minority interests in losses (earnings) of subsidiaries			1			(10	)		(4	)		(9	)

	Earnings (loss) from continuing operations		(30	)		792			(201	)		979
Earnings from discontinued operations, net of taxes			—			107			—			149

	Net earnings (loss)	$	(30	)		899			(201	)		1,128

(1): Includes stock-based compensation of $0 million and $0 million for the three months ended June 30, 2008 and 2007, respectively; and $4 million and $1 million for the six months ended June 30, 2008 and 2007, respectively.

BALANCE SHEET INFORMATION
June 30, 2008
(unaudited)

			Attributed (note 1)

			Interactive Group		Entertainment Group			Capital Group			Eliminations			Consolidated Liberty
			amounts in millions
Assets
Current assets:
	Cash and cash equivalents		$	731		1,029			2,116			—			3,876
	Trade and other receivables, net			970		249			185			—			1,404
	Inventory, net			1,015		—			—			—			1,015
	Program rights			—		521			—			—			521
	Financial instruments			—		—			35			—			35
	Current deferred tax assets			180		73			—			(253	)		—
	Other current assets			73		11			118			—			202

		Total current assets		2,969		1,883			2,454			(253	)		7,053

Investments in available-for-sale securities and other cost investments (note 2)				1,735		9			3,705			—			5,449
Long-term financial instruments				11		—			1,728			—			1,739
Investments in affiliates, accounted for using the equity method (note 3)				1,342		13,178			249			—			14,769
Property and equipment, net				1,098		123			155			—			1,376
Goodwill				5,994		1,740			432			—			8,166
Trademarks				2,490		6			18			—			2,514
Intangible assets subject to amortization, net				3,344		158			271			—			3,773
Other assets, at cost, net of accumulated amortization				45		445			1,310			—			1,800

		Total assets	$	19,028		17,542			10,322			(253	)		46,639

Liabilities and Equity
Current liabilities:
	Accounts payable		$	452		7			20			—			479
	Accrued interest			100		8			57			—			165
	Other accrued liabilities			567		169			129			—			865
	Intergroup payable (receivable)			23		(5	)		(18	)		—			—
	Financial instruments			26		1			685			—			712
	Current portion of debt (note 4)			25		553			58			—			636
	Accrued stock compensation			14		191			6			—			211
	Current deferred tax liabilities			—		—			506			(253	)		253
	Other current liabilities			18		6			93			—			117

		Total current liabilities		1,225		930			1,536			(253	)		3,438

Long-term debt (note 4)				7,632		1,821			3,890			—			13,343
Long-term financial instruments				79		144			1			—			224
Deferred income tax liabilities (note 6)				2,363		1,775			1,747			—			5,885
Other liabilities				266		18			1,337			—			1,621

		Total liabilities		11,565		4,688			8,511			(253	)		24,511
Minority interests in equity of subsidiaries				113		—			9			—			122
Equity/Attributed net assets				7,350		12,854			1,802			—			22,006

		Total liabilities and equity	$	19,028		17,542			10,322			(253	)		46,639

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS (LOSS) INFORMATION
Three months ended June 30, 2008
(unaudited)

						Attributed (note 1)

						Interactive Group			Entertainment Group			Capital Group			Consolidated Liberty
						amounts in millions
Revenue:
	Net retail sales					$	1,954			—			—			1,954
	Communications and programming services						—			359			174			533

							1,954			359			174			2,487

Operating costs and expenses:
	Cost of sales						1,228			—			—			1,228
	Operating						181			239			138			558
	Selling, general and administrative, including stock-based compensation (notes 1 and 5)						147			73			76			296
	Depreciation and amortization						136			12			28			176

							1,692			324			242			2,258

			Operating income (loss)				262			35			(68	)		229
Other income (expense):
	Interest expense						(122	)		(22	)		(43	)		(187	)
	Dividend and interest income						7			6			28			41
	Share of earnings (losses) of affiliates, net						23			155			(13	)		165
	Realized and unrealized gains (losses) on financial instruments, net						(1	)		(77	)		41			(37	)
	Losses on dispositions, net						—			(1	)		—			(1	)
	Other, net						—			—			—			—

							(93	)		61			13			(19	)

		Earnings (loss) before income taxes and minority interests					169			96			(55	)		210
Income tax benefit (expense) (note 6)							(67	)		(33	)		24			(76	)
Minority interests in losses (earnings) of subsidiaries							(10	)		—			1			(9	)

		Net earnings (loss)				$	92			63			(30	)		125

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments						(7	)		—			1			(6	)
	Unrealized holding losses arising during the period						(74	)		(1	)		(2	)		(77	)
	Recognition of previously unrealized gains on available-for-sale securities, net						—			—			—			—
	Change in fair value of cash flow hedges						47			—			—			47

				Other comprehensive loss			(34	)		(1	)		(1	)		(36	)

					Comprehensive earnings (loss)	$	58			62			(31	)		89

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS (LOSS) INFORMATION
Three months ended June 30, 2007
(unaudited)

						Attributed (note 1)

						Interactive Group			Entertainment Group			Capital Group			Consolidated Liberty
						amounts in millions
Revenue:
	Net retail sales					$	1,791			—			—			1,791
	Communications and programming services						—			271			131			402

							1,791			271			131			2,193

Operating costs and expenses:
	Cost of sales						1,112			—			—			1,112
	Operating						170			181			106			457
	Selling, general and administrative including stock-based compensation (notes 1 and 4)						125			44			56			225
	Depreciation and amortization						137			9			26			172

							1,544			234			188			1,966

			Operating income (loss)				247			37			(57	)		227
Other income (expense):
	Interest expense						(105	)		(6	)		(34	)		(145	)
	Dividend and interest income						12			1			51			64
	Share of earnings (losses) of affiliates, net						24			6			(14	)		16
	Realized and unrealized losses on financial instruments, net						(4	)		(26	)		(221	)		(251	)
	Gains on dispositions, net						12			—			617			629
	Other, net						4			—			1			5

							(57	)		(25	)		400			318

		Earnings from continuing operations before income taxes and minority interests					190			12			343			545
Income tax benefit (expense) (note 5)							(81	)		(6	)		459			372
Minority interests in losses (earnings) of subsidiaries							(7	)		2			(10	)		(15	)

		Earnings from continuing operations					102			8			792			902
Earnings from discontinued operations, net of taxes							—			—			107			107

		Net earnings				$	102			8			899			1,009

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments						9			—			2			11
	Unrealized holding gains (losses) arising during the period						(50	)		(563	)		291			(322	)
	Recognition of previously unrealized gains on available-for-sale securities, net						—			—			(392	)		(392	)

				Other comprehensive loss			(41	)		(563	)		(99	)		(703	)

					Comprehensive earnings (loss)	$	61			(555	)		800			306

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION
Six months ended June 30, 2008
(unaudited)

						Attributed (note 1)

						Interactive Group			Entertainment Group			Capital Group			Consolidated Liberty
						amounts in millions
Revenue:
	Net retail sales					$	3,904			—			—			3,904
	Communications and programming services						—			669			265			934

							3,904			669			265			4,838

Operating costs and expenses:
	Cost of sales						2,466			—			—			2,466
	Operating						361			426			212			999
	Selling, general and administrative including stock-based compensation (notes 1 and 4)						283			122			156			561
	Depreciation and amortization						275			24			54			353

							3,385			572			422			4,379

			Operating income (loss)				519			97			(157	)		459
Other income (expense):
	Interest expense						(243	)		(29	)		(81	)		(353	)
	Dividend and interest income						13			9			78			100
	Share of earnings (losses) of affiliates, net						35			198			(23	)		210
	Realized and unrealized losses on financial instruments, net						(38	)		(82	)		(202	)		(322	)
	Gains on dispositions, net						—			3,666			15			3,681
	Other, net						1			—			(3	)		(2	)

							(232	)		3,762			(216	)		3,314

		Earnings (loss) from continuing operations before income taxes and minority interests					287			3,859			(373	)		3,773
Income tax benefit (expense) (note 5)							(53	)		1,707			176			1,830
Minority interests in earnings of subsidiaries							(17	)		—			(4	)		(21	)

		Net earnings (loss)				$	217			5,566			(201	)		5,582

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments						78			—			(2	)		76
	Unrealized holding losses arising during the period						(405	)		(315	)		(2	)		(722	)
	Recognition of previously unrealized gains on available-for-sale securities, net						—			(2,273	)		—			(2,273	)
	Change in fair value of cash flow hedges						(1	)		—			—			(1	)

				Other comprehensive loss			(328	)		(2,588	)		(4	)		(2,920	)

					Comprehensive earnings (loss)	$	(111	)		2,978			(205	)		2,662

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION
Six months ended June 30, 2007
(unaudited)

						Attributed (note 1)

						Interactive Group			Entertainment Group			Capital Group			Consolidated Liberty
						amounts in millions
Revenue:
	Net retail sales					$	3,562			—			—			3,562
	Communications and programming services						—			551			203			754

							3,562			551			203			4,316

Operating costs and expenses:
	Cost of sales						2,222			—			—			2,222
	Operating						334			356			171			861
	Selling, general and administrative including stock-based compensation (notes 1 and 4)						253			88			93			434
	Depreciation and amortization						262			20			41			323

							3,071			464			305			3,840

			Operating income (loss)				491			87			(102	)		476
Other income (expense):
	Interest expense						(219	)		(11	)		(65	)		(295	)
	Dividend and interest income						23			30			86			139
	Share of earnings (losses) of affiliates, net						39			11			(25	)		25
	Realized and unrealized gains (losses) on financial instruments, net						(2	)		(36	)		131			93
	Gains on dispositions, net						12			—			623			635
	Other, net						4			(1	)		2			5

							(143	)		(7	)		752			602

		Earnings from continuing operations before income taxes and minority interests					348			80			650			1,078
Income tax benefit (expense) (note 5)							(141	)		(27	)		338			170
Minority interests in losses (earnings) of subsidiaries							(14	)		4			(9	)		(19	)

		Earnings from continuing operations					193			57			979			1,229
Earnings from discontinued operations, net of taxes							—			—			149			149

		Net earnings				$	193			57			1,128			1,378

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments						21			—			1			22
	Unrealized holding gains (losses) arising during the period						(33	)		25			(39	)		(47	)
	Recognition of previously unrealized gains on available-for-sale securities, net						—			—			(396	)		(396	)

				Other comprehensive earnings (loss)			(12	)		25			(434	)		(421	)

					Comprehensive earnings	$	181			82			694			957

STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2008
(unaudited)

					Attributed (note 1)

					Interactive Group			Entertainment Group			Capital Group			Consolidated Liberty
					amounts in millions
Cash flows from operating activities:
	Net earnings (loss)				$	217			5,566			(201	)		5,582
	Adjustments to reconcile net earnings (loss) to net cash provided (used) by operating activities:
		Depreciation and amortization				275			24			54			353
		Stock-based compensation				17			22			4			43
		Cash payments for stock-based compensation				(9	)		(10	)		—			(19	)
		Share of losses (earnings) of affiliates, net				(35	)		(198	)		23			(210	)
		Realized and unrealized losses on financial instruments, net				38			82			202			322
		Gains on disposition of assets, net				—			(3,666	)		(15	)		(3,681	)
		Minority interests in earnings of subsidiaries				17			—			4			21
		Intergroup tax allocation				109			31			(140	)		—
		Intergroup tax payments				(118	)		(49	)		167			—
		Other intergroup cash transfers, net				(63	)		3			60			—
		Deferred income tax benefit				(109	)		(1,739	)		(253	)		(2,101	)
		Other noncash charges, net				3			16			19			38
		Changes in operating assets and liabilities, net of the effects of acquisitions:
			Current assets			170			(58	)		(138	)		(26	)
			Payables and other current liabilities			(247	)		13			112			(122	)

				Net cash provided (used) by operating activities		265			37			(102	)		200

Cash flows from investing activities:
	Cash proceeds from dispositions					—			8			16			24
	Net proceeds from settlement of financial instruments					—			—			12			12
	Cash paid for acquisitions, net of cash acquired					(40	)		—			(6	)		(46	)
	Cash received in exchange transactions					—			465			—			465
	Capital expended for property and equipment					(67	)		(3	)		(22	)		(92	)
	Net sales of short term investments					—			—			67			67
	Investments in and loans to cost and equity investees					(340	)		(1,977	)		(200	)		(2,517	)
	Net decrease in restricted cash					—			—			340			340
	Other investing activities, net					(2	)		(12	)		(10	)		(24	)

				Net cash provided (used) by investing activities		(449	)		(1,519	)		197			(1,771	)

Cash flows from financing activities:
	Borrowings of debt					618			1,977			1,189			3,784
	Repayments of debt					(156	)		(2	)		(1,007	)		(1,165	)
	Repurchases of Liberty common stock					(75	)		—			(177	)		(252	)
	Intergroup cash transfers, net					—			450			(450	)		—
	Other financing activities, net					(42	)		(4	)		(22	)		(68	)

				Net cash provided (used) by financing activities		345			2,421			(467	)		2,299

Effect of foreign currency rates on cash						13			—			—			13

				Net increase (decrease) in cash and cash equivalents		174			939			(372	)		741
				Cash and cash equivalents at beginning of period		557			90			2,488			3,135

				Cash and cash equivalents at end period	$	731		$	1,029			2,116			3,876

STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2007
(unaudited)

					Attributed (note 1)

					Interactive Group			Entertainment Group			Capital Group			Consolidated Liberty
					amounts in millions
Cash flows from operating activities:
	Net earnings				$	193			57			1,128			1,378
	Adjustments to reconcile net earnings to net cash provided by operating activities:
		Earnings from discontinued operations				—			—			(149	)		(149	)
		Depreciation and amortization				262			20			41			323
		Stock-based compensation				22			17			1			40
		Payments of stock-based compensation				(33	)		—			(2	)		(35	)
		Share of losses (earnings) of affiliates, net				(39	)		(11	)		25			(25	)
		Realized and unrealized losses (gains) on financial instruments, net				2			36			(131	)		(93	)
		Gains on disposition of assets, net				(12	)		—			(623	)		(635	)
		Minority interests in earnings (losses) of subsidiaries				14			(3	)		8			19
		Intergroup tax allocation				116			19			(135	)		—
		Intergroup tax payments				(182	)		—			182			—
		Other intergroup cash transfers, net				(13	)		—			13			—
		Deferred income tax expense (benefit)				(46	)		8			(209	)		(247	)
		Other noncash charges (credits), net				(2	)		—			21			19
		Changes in operating assets and liabilities, net of the effects of acquisitions:
			Current assets			138			(45	)		(91	)		2
			Payables and other current liabilities			(195	)		10			104			(81	)

				Net cash provided by operating activities		225			108			183			516

Cash flows from investing activities:
	Cash proceeds from dispositions					12			—			508			520
	Net payments for settlement of financial instruments					—			—			(65	)		(65	)
	Cash paid for acquisitions, net of cash acquired					(120	)		—			(6	)		(126	)
	Cash received in exchange transactions					—			—			1,154			1,154
	Capital expended for property and equipment					(167	)		(3	)		(9	)		(179	)
	Net purchases of short term investments					—			—			(191	)		(191	)
	Investments in and loans to cost and equity investees					—			—			(810	)		(810	)
	Net increase in restricted cash					—			—			(734	)		(734	)
	Other investing activities, net					(4	)		16			7			19

				Net cash provided (used) by investing activities		(279	)		13			(146	)		(412	)

Cash flows from financing activities:
	Borrowings of debt					630			—			754			1,384
	Repayments of debt					(180	)		(1	)		(155	)		(336	)
	Repurchases of Liberty common stock					(531	)		—			(1,305	)		(1,836	)
	Contribution from minority owner					—			—			750			750
	Intergroup cash transfers, net					—			(141	)		141			—
	Other financing activities, net					(6	)					25			19

				Net cash provided (used) by financing activities		(87	)		(142	)		210			(19	)

Effect of foreign currency rates on cash						1			—			—			1

Net cash provided to discontinued operations:
	Cash provided by operating activities					—			—			8			8
	Cash used by investing activities					—			—			(9	)		(9	)
	Cash provided by financing activities					—			—			—			—
	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		(140	)		(21	)		248			87
				Cash and cash equivalents at beginning of period		946			91			2,070			3,107

				Cash and cash equivalents at end period	$	806		$	70			2,318			3,194

Notes to Attributed Financial Information

(unaudited)

(1): The assets attributed to our Interactive Group include our consolidated subsidiaries QVC, Inc., Provide Commerce, Inc., Backcountry.com, Inc., Bodybuilding.com, LLC and BuySeasons, Inc., and our interests in IAC/InterActiveCorp, GSI Commerce, Inc. and Expedia, Inc. Accordingly, the accompanying attributed financial information for the Interactive Group includes our investments in IAC/InterActiveCorp, Expedia and GSI, as well as the assets, liabilities, revenue, expenses and cash flows of QVC, Provide, Backcountry, Bodybuilding and BuySeasons,. 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 4 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 5 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, FUN Technologies, Inc and Liberty Sports Group, our minority equity interests in The DIRECTV Group, Inc., GSN, LLC and WildBlue Communications, Inc. and approximately $995 million of corporate 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, an equity collar on 110 million shares of DIRECTV common stock and $1,993 of borrowings against the put value of such collar 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 Starz Media, LLC, Atlanta National League Baseball Club, Inc., Leisure Arts, Inc., TruePosition, Inc. and WFRV and WJMN Television Station, Inc. and certain cost and 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 4 below for the debt obligations attributed to the Capital Group.

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

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

Notes to Attributed Financial Information (Continued)

(unaudited)

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

				June 30, 2008

				amounts in millions
Interactive Group
	IAC/InterActiveCorp			$	1,605	1,863
	Other				130	181

		Total attributed Interactive Group			1,735	2,044

Entertainment Group
	News Corporation				—	10,647
	Other				9	5

		Total attributed Entertainment Group			9	10,652

Capital Group
	Time Warner Inc. ("Time Warner")(a)				1,520	1,695
	Sprint Nextel Corporation(a)				830	1,150
	Motorola, Inc.(a)				543	1,187
	Viacom, Inc.				232	333
	Embarq Corporation(a)				207	216
	Other available-for-sale equity securities(a)				73	104
	Other available-for-sale debt securities				268	156
	Other cost investments and related receivables				32	32

		Total attributed Capital Group			3,705	4,873

			Consolidated Liberty	$	5,449	17,569

(a): Includes shares pledged as collateral for share borrowing arrangements.
(3): Included in the Interactive Group's and the Entertainment Group's equity method investments are our investments in Expedia and DIRECTV, respectively. The following table presents information regarding these investments:

	June 30, 2008							Share of earnings six months ended June 30,

	Percentage ownership			Carrying value				Share of earnings six months ended June 30,
	Percentage ownership			Carrying value		Fair value		2008		2007
	dollar amounts in millions
Expedia		24	%	$	1,332	$	1,272	$	35	$	30
DIRECTV		49	%	$	12,921	$	14,217	$	190	$	—

Notes to Attributed Financial Information (Continued)

(unaudited)

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

			June 30, 2008

			Outstanding principal		Carrying value
			amounts in millions
Interactive Group
	7.875% Senior Notes due 2009		$	670		668
	7.75% Senior Notes due 2009			233		234
	5.7% Senior Notes due 2013			803		801
	8.5% Senior Debentures due 2029			500		495
	8.25% Senior Debentures due 2030			902		895
	QVC bank credit facilities			4,486		4,486
	Other subsidiary debt			78		78

		Total Interactive Group debt		7,672		7,657

Entertainment Group
	3.25% Exchangeable Senior Debentures due 2031			551		328
	Liberty derivative borrowing			1,993		1,993
	Subsidiary debt			53		53

		Total Entertainment Group debt		2,597		2,374

Capital Group
	3.125% Exchangeable Senior Debentures due 2023			1,264		1,318
	4% Exchangeable Senior Debentures due 2029			869		486
	3.75% Exchangeable Senior Debentures due 2030			810		405
	3.5% Exchangeable Senior Debentures due 2031			499		276
	Liberty bank facility			750		750
	Other parent debt			625		625
	Subsidiary debt			88		88

		Total Capital Group debt		4,905		3,948

Total debt			$	15,174		13,979

(5): Cash and stock-based compensation expense for our corporate employees has 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. Amounts

Notes to Attributed Financial Information (Continued)

(unaudited)

allocated from the Capital Group to the Interactive Group and the Entertainment Group, including stock-based compensation, are as follows:

	Six months ended June 30,

	2008		2007
	amounts in millions
Interactive Group	$	10		8
Entertainment Group	$	6		7

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

(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.
(7): The Liberty Interactive common stock, the Liberty Entertainment common stock and the Liberty Capital common stock have voting and conversion rights under our amended charter. Following is a summary of those rights. Holders of Series A common stock of each group are entitled to one vote per share and holders of Series B common stock of each group are entitled to ten votes per share. Holders of Series C common stock of each group, if issued, 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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