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Exhibit 99.1

Unaudited Attributed Financial Information for Tracking Stock Groups

On May 9, 2006, we completed a restructuring and recapitalization pursuant to which we issued two new tracking stocks, one ("Liberty Interactive Stock") intended to reflect the separate performance of our businesses engaged in video and on-line commerce, the second ("Old Liberty Capital Stock") intended to reflect the separate performance of all of our assets and businesses not attributed to the Interactive Group. Each share of our existing Series A and Series B common stock was exchanged for .25 of a share of the same series of Liberty Interactive Stock and .05 of a share of the same series of Liberty Capital Stock.

On March 3, 2008, we completed a reclassification of our Old Liberty Capital Stock, whereby each share of Old Liberty Capital Stock was reclassified into four shares of the same series of Liberty Entertainment Stock and one share of the same series of Liberty Capital Stock. Our Liberty Entertainment Stock is intended to reflect the separate performance of our Entertainment Group, which is comprised of certain of our businesses previously attributed to the Capital Group and which are engaged in video programming, direct-to-home satellite distribution and communications. Our Capital Group is comprised of our assets and businesses not attributed to either the Interactive Group or the Entertainment Group.

The following tables present our assets, liabilities, revenue, expenses and cash flows as of and for the years ended December 31, 2008, 2007 and 2006. 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 audited financial statements for the years ended December 31, 2008, 2007 and 2006 included in this Annual Report on Form 10-K. The attributed financial information presented in the tables has been prepared assuming the restructuring and the reclassification had been completed as of January 1, 2006.

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 capital structure does not affect the ownership or the respective legal title to our assets or responsibility for our liabilities. We and our subsidiaries each continue to be responsible for our respective liabilities. Holders of Liberty Interactive Stock, Liberty Entertainment Stock and Liberty Capital Stock are holders of our 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 issuance of Liberty Interactive Stock, Liberty Entertainment Stock and Liberty Capital Stock does not affect the rights of our creditors.

SUMMARY ATTRIBUTED FINANCIAL DATA

Interactive Group

	December 31,

	2008		2007		2006
	amounts in millions
Summary Balance Sheet Data:
Current assets	$	3,282		2,921		2,984
Cost investments	$	739		2,044		2,572
Equity investments	$	901		1,311		1,358
Total assets	$	17,487		19,326		19,820
Long-term debt, including current portion	$	7,131		7,177		6,383
Deferred income tax liabilities, noncurrent	$	1,999		2,670		3,057
Attributed net assts	$	6,303		7,530		8,561

			Years ended December 31,

			2008			2007			2006
			amounts in millions
Summary Operations Data:
Revenue			$	8,079			7,802			7,326
Cost of goods sold				(5,224	)		(4,925	)		(4,565	)
Operating expenses				(748	)		(712	)		(668	)
Selling, general and administrative expenses(1)				(584	)		(516	)		(472	)
Depreciation and amortization				(561	)		(536	)		(491	)
Impairment of long-lived assets				(56	)		—			—

		Operating income		906			1,113			1,130
Interest expense				(473	)		(465	)		(417	)
Share of earnings (losses) of affiliates				(1,192	)		77			47
Other than temporary declines in fair value of investments				(440	)		—			—
Other income (expense), net				(39	)		51			83
Income tax benefit (expense)				493			(306	)		(210	)
Minority interests in earnings of subsidiaries				(36	)		(29	)		(35	)

	Earnings (loss) before cumulative effect of accounting change			(781	)		441			598
Cumulative effect of accounting change, net of taxes				—			—			(87	)

		Net earnings (loss)	$	(781	)		441			511

(1): Includes stock-based compensation of $32 million, $35 million and $59 million for the years ended December 31, 2008, 2007 and 2006, respectively.

SUMMARY ATTRIBUTED FINANCIAL DATA

Entertainment Group

	December 31,

	2008		2007		2006
	amounts in millions
Summary Balance Sheet Data:
Current assets	$	1,631		793		804
Cost investments	$	2		10,652		11,160
Equity investments	$	13,366		249		253
Total assets	$	16,322		13,808		14,340
Long-term debt, including current portion	$	2,033		473		176
Deferred income tax liabilities, noncurrent	$	1,735		3,521		3,703
Attributed net assts	$	12,180		9,457		9,797

			Years ended December 31,

			2008			2007			2006
			amounts in millions
Summary Operations Data:
Revenue			$	1,391			1,136			1,075
Operating expenses				(863	)		(728	)		(768	)
Selling, general and administrative expenses(1)				(220	)		(199	)		(141	)
Depreciation and amortization				(48	)		(37	)		(41	)
Impairment of long-lived assets				(1,262	)		(41	)		(113	)

		Operating income (loss)		(1,002	)		131			12
Interest expense				(74	)		(25	)		(31	)
Share of earnings of affiliates				418			13			14
Gains (losses) on dispositions of assets, net				3,661			(1	)		—
Other income, net				502			74			25
Income tax benefit (expense)				1,347			(77	)		(43	)
Minority interests in losses of subsidiaries				—			21			10

	Earnings (loss) before cumulative effect of accounting change			4,852			136			(13	)
Cumulative effect of accounting change, net of taxes				—			—			(2	)

		Net earnings (loss)	$	4,852			136			(15	)

(1): Includes stock-based compensation of $16 million, $46 million and $2 million for the years ended December 31, 2008, 2007 and 2006, respectively.

SUMMARY ATTRIBUTED FINANCIAL DATA

Capital Group

	December 31,

	2008		2007		2006
	amounts in millions
Summary Balance Sheet Data:
Current assets	$	2,973		2,759		2,972
Cost investments	$	2,118		4,873		7,890
Total assets	$	8,361		12,679		13,509
Long-term debt, including current portion	$	3,063		4,065		2,464
Deferred income tax liabilities, noncurrent	$	1,166		2,267		2,901
Attributed net assets	$	1,121		2,599		3,275

			Years ended December 31,

			2008			2007			2006
			amounts in millions
Summary Operations Data:
Revenue			$	617			485			212
Operating expenses				(515	)		(480	)		(164	)
Selling, general and administrative expenses(1)				(398	)		(227	)		(119	)
Depreciation and amortization				(101	)		(102	)		(50	)
Impairment of long-lived assets				(251	)		(182	)		—

		Operating loss		(648	)		(506	)		(121	)
Interest expense				(172	)		(151	)		(232	)
Realized and unrealized gains (losses) on derivative instruments, net				(292	)		1,261			(268	)
Gain on dispositions, net				16			635			607
Other income, net				75			114			139
Income tax benefit				439			62			1
Minority interests in earnings of subsidiaries				(8	)		(27	)		(2	)

	Earnings (loss) from continuing operations			(590	)		1,388			124
Earnings from discontinued operations, net of taxes				—			149			220

		Net earnings (loss)	$	(590	)		1,537			344

(1): Includes stock-based compensation of $2 million, $12 million and $6 million for the years ended December 31, 2008, 2007 and 2006, respectively.

BALANCE SHEET INFORMATION
December 31, 2008
(unaudited)

			Attributed (note 1)

			Interactive Group		Entertainment Group		Capital Group			Inter-group eliminations			Consolidated Liberty
			amounts in millions
Assets
Current assets:
	Cash and cash equivalents		$	832		807		1,496			—			3,135
	Trade and other receivables, net			1,171		236		156			—			1,563
	Inventory, net			1,032		—		—			—			1,032
	Program rights			—		498		—			(1	)		497
	Financial instruments			—		38		1,119			—			1,157
	Current deferred tax assets			201		47		—			(248	)		—
	Other current assets			46		5		202			(18	)		235

		Total current assets		3,282		1,631		2,973			(267	)		7,619

Investments in available-for-sale securities and other cost investments (note 2)				739		2		2,118			—			2,859
Long-term financial instruments				—		162		1,166			—			1,328
Investments in affiliates, accounted for using the equity method (note 3)				901		13,366		223			—			14,490
Property and equipment, net				1,064		120		147			—			1,331
Goodwill				5,859		486		205			—			6,550
Trademarks				2,491		6		14			—			2,511
Other non-amortizable intangibles				—		—		158			—			158
Intangible assets subject to amortization, net				3,115		144		230			—			3,489
Other assets, at cost, net of accumulated amortization				36		405		1,127			—			1,568

		Total assets	$	17,487		16,322		8,361			(267	)		41,903

Liabilities and Equity
Current liabilities:
	Accounts payable		$	513		13		24			—			550
	Accrued interest			57		—		46			—			103
	Other accrued liabilities			684		150		166			(1	)		999
	Intergroup payable/receivable			71		15		(86	)		—			—
	Financial instruments			155		—		398			—			553
	Current portion of debt (note 4)			175		256		437			—			868
	Accrued stock compensation			17		176		3			—			196
	Current deferred tax liabilities			—		—		1,029			(248	)		781
	Other current liabilities			38		7		68			(15	)		98

		Total current liabilities		1,710		617		2,085			(264	)		4,148

Long-term debt (note 4)				6,956		1,777		2,626			—			11,359
Long-term financial instruments				178		—		11			—			189
Deferred income tax liabilities (note 6)				1,999		1,735		1,166			—			4,900
Other liabilities				187		13		1,351			(1	)		1,550

		Total liabilities		11,030		4,142		7,239			(265	)		22,146
Minority interests in equity of subsidiaries				154		—		1			—			155
Equity/Attributed net assets				6,303		12,180		1,121			(2	)		19,602

		Total liabilities and equity	$	17,487		16,322		8,361			(267	)		41,903

BALANCE SHEET INFORMATION
December 31, 2007
(unaudited)

			Attributed (note 1)

			Interactive Group		Entertainment Group			Capital Group			Inter-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
	Financial instruments			—		—			23			—			23
	Current deferred tax assets			149		—			—			(149	)		—
	Other current assets			61		5			93			(15	)		144

		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
Long-term financial instruments				14		29			1,547			—			1,590
Investments in affiliates, accounted for using the equity method (note 3)				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				43		402			1,412			—			1,857

		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	)		—			—
	Financial instruments			16		—			1,190			—			1,206
	Current portion of debt (note 4)			13		3			175			—			191
	Accrued stock compensation			20		164			23			—			207
	Current deferred tax liabilities			—		—			242			(149	)		93
	Other current liabilities			46		6			51			(15	)		88

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

Long-term debt (note 4)				7,164		470			3,890			—			11,524
Long-term financial instruments				79		—			97			—			176
Deferred income tax liabilities (note 6)				2,670		3,521			2,267			—			8,458
Other liabilities				271		26			1,268			—			1,565

		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

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS (LOSS) INFORMATION
Year ended December 31, 2008
(unaudited)

				Attributed (note 1)

				Interactive Group			Entertainment Group			Capital Group			Inter-group eliminations			Consolidated Liberty
				amounts in millions
Revenue:
	Net retail sales			$	8,079			—			—			—			8,079
	Communications and programming services				—			1,391			617			(3	)		2,005

					8,079			1,391			617			(3	)		10,084

Operating costs and expenses:
	Cost of sales				5,224			—			—			—			5,224
	Operating				748			863			515			—			2,126
	Selling, general and administrative, including stock-based compensation (notes 1 and 5)				584			220			398			—			1,202
	Depreciation and amortization				561			48			101			—			710
	Impairment of long-lived assets				56			1,262			251			—			1,569

					7,173			2,393			1,265			—			10,831

			Operating income (loss)		906			(1,002	)		(648	)		(3	)		(747	)
Other income (expense):
	Interest expense				(473	)		(74	)		(172	)		—			(719	)
	Dividend and interest income				22			16			136			—			174
	Share of earnings (losses) of affiliates, net				(1,192	)		418			(64	)		—			(838	)
	Realized and unrealized gains (losses) on financial instruments, net				(240	)		498			(292	)		—			(34	)
	Gains on dispositions of assets, net				2			3,661			16			—			3,679
	Other than temporary declines in fair value of investments				(440	)		—			(1	)		—			(441	)
	Gain on early extinguishment of debt				240			—			—			—			240
	Other, net				(63	)		(12	)		4			—			(71	)

					(2,144	)		4,507			(373	)		—			1,990

		Earnings (loss) before income taxes and minority interests			(1,238	)		3,505			(1,021	)		(3	)		1,243
Income tax benefit (note 6)					493			1,347			439			1			2,280
Minority interests in earnings of subsidiaries					(36	)		—			(8	)		—			(44	)

		Net earnings (loss)		$	(781	)		4,852			(590	)		(2	)		3,479

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments				(37	)		—			(9	)		—			(46	)
	Unrealized holding losses arising during the period				(498	)		(312	)		(2	)		—			(812	)
	Recognition of previously unrealized losses (gains) on available-for-sale securities, net				272			(2,273	)		1			—			(2,000	)
	Share of other comprehensive earnings of equity affiliates				(10	)		(33	)		—			—			(43	)
	Other				(60	)		—			(2	)		—			(62	)

			Other comprehensive loss		(333	)		(2,618	)		(12	)		—			(2,963	)

Comprehensive earnings (loss)				$	(1,114	)		2,234			(602	)		(2	)		516

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS (LOSS) 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				4,925			—			—			4,925
	Operating				712			728			480			1,920
	Selling, general and administrative, including stock-based compensation (notes 1 and 5)				516			199			227			942
	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 of assets, 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
Earnings from discontinued operations, net of taxes					—			—			149			149

		Net earnings		$	441			136			1,537			2,114

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments				96			—			(1	)		95
	Unrealized holding losses arising during the period				(394	)		(317	)		(845	)		(1,556	)
	Recognition of previously unrealized gains on available-for-sale securities, net				—			—			(375	)		(375	)
	Share of other comprehensive earnings of equity affiliates				3			—			—			3
	Other				(46	)		—			—			(46	)

			Other comprehensive loss		(341	)		(317	)		(1,221	)		(1,879	)

Comprehensive earnings (loss)				$	100			(181	)		316			235

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS 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				668			768			164			1,600
	Selling, general and administrative, including stock-based compensation (notes 1 and 5)				472			141			119			732
	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
Earnings from discontinued operations, net of taxes					—			—			220			220
Cumulative effect of accounting change, net of taxes					(87	)		(2	)		—			(89	)

		Net earnings (loss)		$	511			(15	)		344			840

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments				108			3			(1	)		110
	Unrealized holding gains arising during the period				351			1,851			403			2,605
	Recognition of previously unrealized gains on available-for-sale securities, net				—			—			(185	)		(185	)
	Share of other comprehensive earnings of equity affiliates				1			—			—			1

	Other comprehensive earnings				460			1,854			217			2,531

Comprehensive earnings				$	971			1,839			561			3,371

STATEMENT OF CASH FLOWS INFORMATION
Year ended December 31, 2008
(unaudited)

					Attributed (note 1)

					Interactive Group			Entertainment Group			Capital Group			Inter-group eliminations			Consolidated Liberty
					amounts in millions
Cash flows from operating activities:
	Net earnings (loss)				$	(781	)		4,852			(590	)		(2	)		3,479
	Adjustments to reconcile net earnings (loss) to net cash provided (used) by operating activities:
		Depreciation and amortization				561			48			101			—			710
		Impairment of long-lived assets				56			1,262			251			—			1,569
		Stock-based compensation				32			16			2			—			50
		Cash payments for stock-based compensation				(9	)		(14	)		(1	)		—			(24	)
		Noncash interest expense				7			51			1			—			59
		Share of losses (earnings) of affiliates, net				1,192			(418	)		64			—			838
		Realized and unrealized losses (gains) on financial instruments, net				240			(498	)		292			—			34
		Gains on dispositions of assets, net				(2	)		(3,661	)		(16	)		—			(3,679	)
		Other than temporary declines in fair value of investments				440			—			1			—			441
		Minority interests in earnings of subsidiaries				36			—			8			—			44
		Deferred income tax benefit				(828	)		(1,433	)		(300	)		—			(2,561	)
		Other noncash charges (credits), net				(178	)		—			98			—			(80	)
		Intergroup tax allocation				239			83			(322	)		—			—
		Intergroup tax payments				(190	)		(81	)		271			—			—
		Other intergroup cash transfers, net				(68	)		9			59			—			—
		Changes in operating assets and liabilities, net of the effects of acquisitions:
			Current assets			(74	)		23			(132	)		3			(180	)
			Payables and other current liabilities			(165	)		(13	)		123			(1	)		(56	)

				Net cash provided (used) by operating activities		508			226			(90	)		—			644

Cash flows from investing activities:
	Cash proceeds from dispositions					18			8			17			—			43
	Proceeds from settlement of derivatives					—			45			33			—			78
	Cash received in exchange transactions					—			463			—			—			463
	Cash paid for acquisitions, net of cash acquired					(69	)		(7	)		(1	)		—			(77	)
	Investment in and loans to cost and equity investees					(340	)		(1,996	)		(232	)		—			(2,568	)
	Capital expenditures					(166	)		(8	)		(29	)		—			(203	)
	Net purchases of short term investments					—			—			(25	)		—			(25	)
	Net decrease in restricted cash					—			—			383			—			383
	Other investing activities, net					16			(13	)		(74	)		—			(71	)

				Net cash provided (used) by investing activities		(541	)		(1,508	)		72			—			(1,977	)

Cash flows from financing activities:
	Borrowings of debt					1,483			2,159			1,548			—			5,190
	Repayments of debt					(1,437	)		(232	)		(1,323	)		—			(2,992	)
	Repurchases of Liberty common stock					(75	)		—			(462	)		—			(537	)
	Settlement of financial instruments					(56	)		(13	)		(277	)		—			(346	)
	Intergroup cash transfers, net					—			450			(450	)		—			—
	Reattribution of cash					380			(380	)		—			—			—
	Other financing activities, net					(17	)		15			3			—			1

				Net cash provided (used) by financing activities		278			1,999			(961	)		—			1,316

Effect of foreign currency rates on cash						30			—			(13	)		—			17

Net increase (decrease) in cash and cash equivalents						275			717			(992	)		—			—
Cash and cash equivalents at beginning of year						557			90			2,488			—			3,135

Cash and cash equivalents at end of year					$	832			807			1,496			—			3,135

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 dispositions 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
		Deferred income tax expense (benefit)				(128	)		48			200			120
		Other noncash charges (credits), net				(1	)		—			142			141
		Intergroup tax allocation				278			28			(306	)		—
		Intergroup tax payments				(321	)		(50	)		371			—
		Other intergroup cash transfers, net				54			—			(54	)		—
		Changes in operating assets and liabilities, net of the effects of acquisitions:
			Current assets			(290	)		19			(165	)		(436	)
			Payables and other current liabilities			87			(40	)		230			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 derivatives					—			—			75			75
	Cash received in exchange transactions					—			—			1,154			1,154
	Cash paid for acquisitions, net of cash acquired					(236	)		(105	)		(7	)		(348	)
	Investment in special purpose entity					—			—			(750	)		(750	)
	Capital expenditures					(289	)		(11	)		(16	)		(316	)
	Net sales of short term investments					—			—			34			34
	Net increase in restricted stock					—			—			(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	)
	Intergroup cash transfers, net					—			(111	)		111			—
	Repurchases of Liberty common stock					(1,224	)		—			(1,305	)		(2,529	)
	Contribution from minority owner					—			—			751			751
	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 dispositions 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
	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 expenditures					(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 by 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

Notes to Attributed Financial Information

(unaudited)

(1): The assets attributed to our Interactive Group as of December 31, 2008 include our consolidated subsidiaries QVC, Inc., Provide Commerce, Inc., Backcountry.com, Inc., Bodybuilding.com, LLC and BuySeasons, Inc., and our noncontrolling interests in IAC/InterActiveCorp, Expedia, Inc., GSI Commerce, Inc., HSN, Inc., Interval Leisure Group, Inc., Ticketmaster Entertainment, Inc. and Tree.com, Inc. Accordingly, the accompanying attributed financial information for the Interactive Group includes the foregoing investments, 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 Holdings, LLC, our noncontrolling equity interests in The DIRECTV Group, Inc., GSN, LLC and WildBlue Communications, Inc. and approximately $633 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, an equity collar on 98.75 million shares of DIRECTV common stock and $1,981 million 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., TruePosition, Inc., Leisure Arts, 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 we do not attribute 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

(unaudited)

(2): Investments in AFS securities, which are recorded at their respective fair market values, and other cost investments are summarized as follows:

			December 31,

			2008		2007
			amounts in millions
Capital Group
	Time Warner Inc.(a)		$	1,033		1,695
	Sprint Nextel Corporation(a)			160		1,150
	Motorola, Inc.(a)			328		1,187
	Viacom, Inc.			145		333
	Embarq Corporation(a)			157		216
	Other AFS equity securities(a)			40		104
	Other AFS debt securities			224		156
	Other cost investments and related receivables			31		32

		Total attributed Capital Group		2,118		4,873

Interactive Group
	IAC/InterActiveCorp			638		1,863
	Other AFS securities			101		181

		Total attributed Interactive Group		739		2,044

Entertainment Group
	News Corporation			—		10,647
	Other			2		5

		Total attributed Entertainment Group		2		10,652

	Consolidated Liberty		$	2,859		17,569

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

(3): The following table presents information regarding certain equity method investments attributed to each of the Interactive Group and the Entertainment Group:

		December 31, 2008							Share of earnings (losses) Years ended December 31,

		Percentage ownership			Carrying value		Market value		Share of earnings (losses) Years ended December 31,
		Percentage ownership			Carrying value		Market value		2008			2007		2006
		dollar amounts in millions
Interactive Group
	Expedia		24	%	$	559		570		(726	)		68		50
Entertainment Group
	DIRECTV		54	%	$	13,085		12,571		404			—		—

Our share of losses of Expedia for the year ended December 31, 2008 includes the write off of our excess basis in the amount of $119 million.

Notes to Attributed Financial Information

(unaudited)

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

			December 31, 2008

			Outstanding principal		Carrying value
			amounts in millions
Interactive Group
	7.875% Senior Notes due 2009		$	104		104
	7.75% Senior Notes due 2009			13		13
	5.7% Senior Notes due 2013			803		801
	8.5% Senior Debentures due 2029			287		284
	8.25% Senior Debentures due 2030			505		501
	3.25% Exchangeable Senior Debentures due 2031			551		138
	QVC bank credit facilities			5,230		5,230
	Other subsidiary debt			60		60

		Total Interactive Group debt		7,553		7,131

Capital Group
	3.125% Exchangeable Senior Debentures due 2023			1,264		918
	4% Exchangeable Senior Debentures due 2029			869		256
	3.75% Exchangeable Senior Debentures due 2030			810		241
	3.5% Exchangeable Senior Debentures due 2031			497		138
	Liberty bank facility			750		750
	Liberty derivative loan			625		625
	Subsidiary debt			135		135

		Total Capital Group debt		4,950		3,063

Entertainment Group
	DIRECTV Collar Loan			1,981		1,981
	Subsidiary debt			52		52

		Total Entertainment Group debt		2,033		2,033

Total debt			$	14,536		12,227

(5): Cash 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. 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 compensation derived from the equity awards for the respective tracking stock. 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

Notes to Attributed Financial Information

(unaudited)

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

	Years ended December 31,

	2008		2007		2006
	amounts in millions
Interactive Group	$	19		17		13
Entertainment Group	$	11		19		12

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.

Interactive Group

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

		Years ended December 31,

		2008			2007			2006
		amounts in millions
Current:
	Federal	$	(220	)		(280	)		(305	)
	State and local		(19	)		(64	)		(57	)
	Foreign		(96	)		(90	)		(110	)

			(335	)		(434	)		(472	)

Deferred:
	Federal		708			94			197
	State and local		110			33			62
	Foreign		10			1			3

			828			128			262

Income tax benefit (expense)		$	493			(306	)		(210	)

Notes to 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,

		2008			2007			2006
		amounts in millions
Computed expected tax benefit (expense)		$	446			(262	)		(283	)
Change in estimated foreign and state tax rates			4			(6	)		132
State and local income taxes, net of federal income taxes			57			(19	)		(23	)
Foreign taxes, net of foreign tax credits			28			(10	)		(20	)
Change in valuation allowance affecting tax expense			15			5			(14	)
Minority interest			(13	)		(10	)		(12	)
Nondeductible losses related to the Company's common stock			(57	)		—			—
Recognition of tax benefits (expense) not previously recognized, net			19			(5	)		(5	)
Disqualifying disposition of incentive stock options not deductible for book purposes			—			—			14
Other, net			(6	)		1			1

	Income tax benefit (expense)	$	493			(306	)		(210	)

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,

			2008		2007
			amounts in millions
Deferred tax assets:
	Net operating and capital loss carryforwards		$	42		43
	Accrued stock compensation			11		11
	Other accrued liabilities			197		148
	Deferred revenue			9		11
	Investments			181		—
	Other future deductible amounts			121		100

		Deferred tax assets		561		313
	Valuation allowance			—		(12	)

		Net deferred tax assets		561		301

Deferred tax liabilities:
	Investments			—		594
	Intangible assets			1,959		2,083
	Discount on exchangeable debentures			300		—
	Other			100		145

		Deferred tax liabilities		2,359		2,822

Net deferred tax liabilities			$	1,798		2,521

Notes to Attributed Financial Information

(unaudited)

Entertainment Group

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

		Years ended December 31,

		2008			2007			2006
		amounts in millions
Current:
	Federal	$	(74	)		(28	)		(24	)
	State and local		(11	)		1			—
	Foreign		(1	)		(2	)		(2	)

			(86	)		(29	)		(26	)

Deferred:
	Federal		1,276			(38	)		(12	)
	State and local		157			(10	)		(5	)
	Foreign		—			—			—

			1,433			(48	)		(17	)

Income tax benefit (expense)		$	1,347			(77	)		(43	)

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,

		2008			2007			2006
		amounts in millions
Computed expected tax expense		$	(1,226	)		(75	)		(10	)
Nontaxable exchange of investments for subsidiaries and cash			2,933			—			—
State and local income taxes, net of federal income taxes			92			(6	)		(3	)
Change in valuation allowance affecting tax expense			(10	)		(4	)		(6	)
Impairment of goodwill not deductible for tax purposes			(442	)		(11	)		(39	)
Dividends received deduction			—			12			12
Other, net			—			7			3

	Income tax benefit (expense)	$	1,347			(77	)		(43	)

Notes to 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,

			2008			2007
			amounts in millions
Deferred tax assets:
	Net operating and capital loss carryforwards		$	37			1
	Accrued stock compensation			69			65
	Intangible assets			—			47
	Other future deductible amounts			11			3

		Deferred tax assets		117			116
	Valuation allowance			(45	)		(33	)

		Net deferred tax assets		72			83

Deferred tax liabilities:
	Investments			1,699			3,396
	Discount on exchangeable debentures			—			193
	Other			61			15

		Deferred tax liabilities		1,760			3,604

Net deferred tax liabilities			$	1,688			3,521

Capital Group

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

		Years ended December 31,

		2008		2007			2006
		amounts in millions
Current:
	Federal	$	127		281			(184	)
	State and local		9		(18	)		(35	)
	Foreign		3		(1	)		—

			139		262			(219	)

Deferred:
	Federal		266		(208	)		177
	State and local		34		8			42
	Foreign		—		—			1

			300		(200	)		220

Income tax benefit		$	439		62			1

Notes to 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,

	2008			2007			2006
	amounts in millions
Computed expected tax benefit (expense)	$	361			(463	)		(43	)
Nontaxable exchange of investments for subsidiaries and cash		(2	)		541			—
State and local income taxes, net of federal income taxes		28			(10	)		(8	)
Change in valuation allowance affecting tax expense		(3	)		(10	)		96
Disposition of nondeductible goodwill in sales transaction		—			—			(43	)
Recognition of tax benefit not previously recognized, net		56			—			—
Other, net		(1	)		4			(1	)

Income tax benefit	$	439			62			1

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,

			2008			2007
			amounts in millions
Deferred tax assets:
	Net operating and capital loss carryforwards		$	287			271
	Accrued liabilities			70			72
	Deferred revenue			359			302
	Other future deductible amounts			17			68

		Deferred tax assets		733			713
	Valuation allowance			(17	)		(18	)

		Net deferred tax assets		716			695

Deferred tax liabilities:
	Investments			1,414			1,982
	Intangible assets			146			248
	Discount on exchangeable debentures			1,351			974
	Other			—			—

		Deferred tax liabilities		2,911			3,204

Net deferred tax liabilities			$	2,195			2,509

(7): The Liberty Interactive Stock, the Liberty Entertainment Stock and the Liberty Capital 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 the holders of only Series A and Series B Liberty Interactive Stock, the

Notes to Attributed Financial Information

(unaudited)

approval of the holders of only Series A and Series B Liberty Entertainment Stock or the approval of the holders of only Series A and Series B Liberty Capital Stock.

At the option of the holder, each share of Series B common stock will be 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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Unaudited Attributed Financial Information for Tracking Stock Groups