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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 Celebrate and our interests in Expedia, Inc., HSN, Inc., Interval Leisure Group, Inc. and Tree.com, Inc. Our Liberty Starz common stock is intended to reflect the separate performance of our Starz Group which primarily includes our wholly-owned subsidiary Starz, LLC. 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 Starz Group.

The following tables present our assets, liabilities, revenue, expenses and cash flows as of and for the three months ended March 31, 2011 and 2010. The tables further present our assets, liabilities, revenue, expenses and cash flows that are attributed to the Interactive Group, the Starz Group and the Capital Group, respectively. The financial information should be read in conjunction with our unaudited condensed consolidated financial statements for the three months ended March 31, 2011 included in this Quarterly Report on Form 10-Q.

Notwithstanding the following attribution of assets, liabilities, revenue, expenses and cash flows to the Interactive Group, the Starz 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 Starz 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 Starz 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

	March 31, 2011

	amounts in millions
Summary balance sheet data:
Current assets	$	3,205	3,128
Investments in available-for-sale securities and other cost investments	$	1,207	1
Investments in affiliates, accounted for using the equity method	$	983	949
Total assets	$	17,551	16,294
Long-term debt, including current portion	$	6,619	5,180
Long-term deferred income tax liabilities	$	2,712	2,582
Attributed net assets	$	6,352	6,287

		Three months ended March 31,

		2011			2010
		amounts in millions
Summary operations data:
Revenue		$	2,159			2,025
Cost of sales			(1,377	)		(1,294	)
Operating expenses			(203	)		(186	)
Selling, general and administrative expenses(1)			(217	)		(186	)
Depreciation and amortization			(149	)		(141	)

	Operating income		213			218
Interest expense			(110	)		(147	)
Share of earnings of affiliates, net			20			23
Realized and unrealized gains (losses) on financial instruments			(79	)		25
Gains on disposition, net			—			364
Other income (expense), net			18			(26	)
Income tax expense			(9	)		(137	)

	Net earnings		53			320
Less net earnings attributable to noncontrolling interests			9			10

Net earnings attributable to Liberty Media Corporation shareholders		$	44			310

(1): Includes stock-based compensation of $16 million and $22 million for the three months ended March 31, 2011 and 2010, respectively.

SUMMARY ATTRIBUTED FINANCIAL DATA

Starz Group

	March 31, 2011

	amounts in millions
Summary balance sheet data:
Current assets	$	1,906	1,746
Total assets	$	2,743	2,539
Long-term debt, including current portion	$	81	68
Attributed net assets	$	2,302	2,246

		Three months ended March 31,

		2011			2010
		amounts in millions
Summary operations data:
Revenue		$	392			307
Operating expenses			(195	)		(165	)
Selling, general and administrative expenses(1)			(76	)		(45	)
Depreciation and amortization			(5	)		(5	)

	Operating income		116			92
Other income (expense), net			(2	)		1
Income tax expense			(61	)		(36	)

	Net earnings		53			57
Less net earnings attributable to noncontrolling interests			1			—

	Net earnings	$	52			57

(1): Includes stock-based compensation of $5 million and $6 million for the three months ended March 31, 2011 and 2010, respectively.

SUMMARY ATTRIBUTED FINANCIAL DATA

Capital Group

	March 31, 2011

	amounts in millions
Summary balance sheet data:
Current assets	$	1,993	1,721
Investments in available-for-sale securities and other cost investments	$	3,224	4,483
Total assets	$	6,465	8,189
Long-term debt, including current portion	$	750	2,033
Attributed net assets	$	2,906	2,780

		Three months ended March 31,

		2011			2010
		amounts in millions
Summary operations data:
Revenue		$	581			166
Operating expenses			(198	)		(105	)
Selling, general and administrative expenses(1)			(31	)		(115	)
Legal settlement			7			—
Depreciation and amortization			(16	)		(16	)

	Operating income (loss)		343			(70	)
Interest expense			(6	)		(23	)
Share of losses of affiliates, net (note 3)			(5	)		(14	)
Realized and unrealized gains on financial instruments, net			121			143
Other income, net			25			21
Income tax expense			(185	)		(35	)

	Net earnings	$	293			22

(1): Includes stock-based compensation of $6 million and $11 million for the three months ended March 31, 2011 and 2010, respectively.

BALANCE SHEET INFORMATION
March 31, 2011
(unaudited)

			Attributed (note 1)

			Interactive Group		Starz Group			Capital Group			Inter-group eliminations			Consolidated Liberty
			amounts in millions
Assets
Current assets:
	Cash and cash equivalents		$	1,239		1,044			1,154			—			3,437
	Trade and other receivables, net			638		229			25			—			892
	Inventory, net			1,120		—			—			—			1,120
	Program rights			—		425			—			—			425
	Short term marketable securities			111		149			165			—			425
	Restricted cash			16		21			614			—			651
	Other current assets			81		38			35			(23	)		131

		Total current assets		3,205		1,906			1,993			(23	)		7,081

Investments in available-for-sale securities and other cost investments (note 2)				1,207		98			3,224			—			4,529
Investments in affiliates, accounted for using the equity method (note 3)				983		—			89			—			1,072
Property and equipment, net				1,031		102			134			—			1,267
Goodwill				6,006		132			201			—			6,339
Trademarks				2,513		—			—			—			2,513
Other non-amortizable intangibles				—		—			153			—			153
Intangible assets subject to amortization, net				2,522		18			136			—			2,676
Deferred tax assets				—		—			263			(263	)		—
Other assets, at cost, net of accumulated amortization				84		487			272			—			843

		Total assets	$	17,551		2,743			6,465			(286	)		26,473

Liabilities and Equity
Current liabilities:
	Accounts payable		$	517		7			10			—			534
	Accrued liabilities			661		216			37			—			914
	Intergroup payable (receivable)			43		22			(65	)		—			—
	Financial instruments			9		2			1,131			—			1,142
	Current portion of debt (note 4)			519		23			750			—			1,292
	Current deferred tax liabilities			118		—			743			(23	)		838
	Deferred revenue			118		30			98			—			246
	Other current liabilities			52		13			76			—			141

		Total current liabilities		2,037		313			2,780			(23	)		5,107

Long-term debt (note 4)				6,100		58			—			—			6,158
Long-term financial instruments				88		—			—			—			88
Deferred income tax liabilities				2,712		29			—			(263	)		2,478
Deferred revenue				12		—			530			—			542
Other liabilities				164		45			250			—			459

		Total liabilities		11,113		445			3,560			(286	)		14,832
Equity/Attributed net assets				6,352		2,302			2,906			—			11,560
Noncontrolling interests in equity of subsidiaries				86		(4	)		(1	)		—			81

		Total liabilities and equity	$	17,551		2,743			6,465			(286	)		26,473

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS (LOSS) INFORMATION
Three months ended March 31, 2011
(unaudited)

				Attributed (note 1)

				Interactive Group			Starz Group			Capital Group			Consolidated Liberty
				amounts in millions
Revenue:
	Net retail sales			$	2,159			—			—			2,159
	Communications and programming services				—			392			581			973

					2,159			392			581			3,132

Operating costs and expenses:
	Cost of sales				1,377			—			—			1,377
	Operating				203			195			198			596
	Selling, general and administrative, including stock-based compensation (note 5)				217			76			31			324
	Legal settlement				—			—			(7	)		(7	)
	Depreciation and amortization				149			5			16			170

					1,946			276			238			2,460

		Operating income			213			116			343			672
Other income (expense):
	Interest expense				(110	)		(1	)		(6	)		(117	)
	Share of earnings (losses) of affiliates, net (note 3)				20			—			(5	)		15
	Realized and unrealized gains (losses) on financial instruments, net				(79	)		1			121			43
	Gains (losses) on dispositions, net				—			(2	)		—			(2	)
	Other, net				18			—			25			43

					(151	)		(2	)		135			(18	)

		Earnings before income taxes			62			114			478			654
Income tax expense					(9	)		(61	)		(185	)		(255	)

		Net earnings			53			53			293			399
Less net earnings attributable to noncontrolling interests					9			1			—			10

Net earnings attributable to Liberty Media Corporation shareholders				$	44			52			293			389

Net earnings				$	53			53			293			399

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments				48			—			—			48
	Unrealized holding losses arising during the period				—			—			(24	)		(24	)
	Recognition of previously unrealized gains on available-for-sale securities, net				—			(6	)		—			(6	)
	Share of other comprehensive earnings of equity affiliates				3			—			—			3
	Other				—			1			—			1

		Other comprehensive earnings (loss)			51			(5	)		(24	)		22

			Comprehensive earnings		104			48			269			421
Less comprehensive earnings attributable to the noncontrolling interests					6			1			—			7

Comprehensive earnings attributable to Liberty Media Corporation shareholders				$	98			47			269			414

STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS (LOSS) INFORMATION
Three months ended March 31, 2010
(unaudited)

				Attributed (note 1)

				Interactive Group			Starz Group			Capital Group			Consolidated Liberty
				amounts in millions
Revenue:
	Net retail sales			$	2,025			—			—			2,025
	Communications and programming services				—			307			166			473

					2,025			307			166			2,498

Operating costs and expenses:
	Cost of sales				1,294			—			—			1,294
	Operating				186			165			105			456
	Selling, general and administrative, including stock-based compensation (note 5)				186			45			115			346
	Depreciation and amortization				141			5			16			162

					1,807			215			236			2,258

		Operating income (loss)			218			92			(70	)		240
Other income (expense):
	Interest expense				(147	)		—			(23	)		(170	)
	Intergroup interest income (expense)				(4	)		2			2			—
	Share of earnings (losses) of affiliates, net (note 3)				23			—			(14	)		9
	Realized and unrealized gains (losses) on financial instruments, net				25			(1	)		143			167
	Gains (losses) on dispositions, net				364			—			(1	)		363
	Other, net				(22	)		—			20			(2	)

					239			1			127			367

		Earnings before income taxes			457			93			57			607
Income tax expense					(137	)		(36	)		(35	)		(208	)

		Net earnings			320			57			22			399
Less net earnings attributable to the noncontrolling interests					10			—			—			10

Net earnings attributable to Liberty Media Corporation shareholders				$	310			57			22			389

		Net earnings		$	320			57			22			399

Other comprehensive earnings (loss), net of taxes:
	Foreign currency translation adjustments				(52	)		—			—			(52	)
	Unrealized holding gains arising during the period				35			—			30			65
	Recognition of previously unrealized gains on available-for-sale securities, net				(112	)		—			—			(112	)
	Share of other comprehensive earnings of equity affiliates				5			—			—			5
	Reattribution of other comprehensive earnings between tracking stocks				(30	)		—			30			—
	Other				13			—			—			13

	Other comprehensive earnings (loss)				(141	)		—			60			(81	)

			Comprehensive earnings		179			57			82			318
Less comprehensive earnings attributable to the noncontrolling interests					9			—			—			9

Comprehensive earnings attributable to Liberty Media Corporation shareholders				$	170			57			82			309

STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2011
(unaudited)

				Attributed (note 1)

				Interactive Group			Starz Group			Capital Group			Consolidated Liberty
				amounts in millions
Cash flows from operating activities:
	Net earnings			$	53			53			293			399
	Adjustments to reconcile net earnings to net cash provided by operating activities:
		Depreciation and amortization			149			5			16			170
		Stock-based compensation			16			5			6			27
		Cash payments for stock based compensation			—			(2	)		(1	)		(3	)
		Noncash interest expense			2			—			—			2
		Share of losses (earnings) of affiliates, net			(20	)		—			5			(15	)
		Cash receipts from return on equity investments			5			—			—			5
		Realized and unrealized gains (losses) on financial instruments, net			79			(1	)		(121	)		(43	)
		Losses (gains) on disposition of assets, net			—			2			—			2
		Intergroup tax allocation			33			41			(74	)		—
		Intergroup tax payments			(69	)		59			10			—
		Deferred income tax (benefit) expense			(57	)		18			168			129
		Other noncash charges (credits), net			(17	)		16			(391	)		(392	)
		Changes in operating assets and liabilities
			Current and other assets		195			(70	)		(9	)		116
			Payables and other current liabilities		(281	)		57			180			(44	)

Net cash provided by operating activities					88			183			82			353

Cash flows from investing activities:
	Investments in and loans to cost and equity investees				(5	)		—			(19	)		(24	)
	Repayment of loan by cost and equity investees				—			—			134			134
	Capital expended for property and equipment				(41	)		(1	)		(2	)		(44	)
	Net sales (purchases) of short term investments				(111	)		(4	)		169			54
	Net decrease (increase) in restricted cash				(1	)		7			(86	)		(80	)
	Reattribution of cash				264			—			(264	)		—
	Other investing activities, net				1			(1	)		4			4

Net cash provided (used) by investing activities					107			1			(64	)		44

Cash flows from financing activities:
	Borrowings of debt				127			1			—			128
	Repayments of debt				(156	)		(19	)		—			(175	)
	Repurchases of Liberty common stock				—			—			(80	)		(80	)
	Other financing activities, net				(22	)		—			4			(18	)

Net cash used by financing activities					(51	)		(18	)		(76	)		(145	)

Effect of foreign currency rates on cash					6			—			—			6

	Net increase (decrease) in cash and cash equivalents				150			166			(58	)		258
	Cash and cash equivalents at beginning of period				1,089			878			1,212			3,179

	Cash and cash equivalents at end period			$	1,239			1,044			1,154			3,437

STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2010
(unaudited)

				Attributed (note 1)

				Interactive Group			Starz Group			Capital Group			Consolidated Liberty
				amounts in millions
Cash flows from operating activities:
	Net earnings			$	320			57			22			399
	Adjustments to reconcile net earnings to net cash provided by operating activities:
		Depreciation and amortization			141			5			16			162
		Stock-based compensation			22			6			11			39
		Cash payments for stock based compensation			—			(28	)		(1	)		(29	)
		Noncash interest expense			25			—			—			25
		Share of losses (earnings) of affiliates, net			(23	)		—			14			(9	)
		Cash receipts from return on equity investments			—			—			5			5
		Realized and unrealized gains (losses) on financial instruments, net			(25	)		1			(143	)		(167	)
		Losses (gains) on disposition of assets, net			(364	)		—			1			(363	)
		Intergroup tax allocation			81			24			(105	)		—
		Intergroup tax payments			(72	)		43			29			—
		Deferred income tax expense			42			11			38			91
		Other noncash charges, net			28			4			11			43
		Changes in operating assets and liabilities
			Current and other assets		204			(58	)		(47	)		99
			Payables and other current liabilities		(216	)		26			232			42

Net cash provided by operating activities					163			91			83			337

Cash flows from investing activities:
	Cash proceeds from dispositions				451			29			29			509
	Proceeds from settlement of financial instruments				(31	)		—			445			414
	Investments in and loans to cost and equity investees				—			—			(176	)		(176	)
	Repayment of loan by cost and equity investees				—			—			25			25
	Capital expended for property and equipment				(59	)		—			(2	)		(61	)
	Net sales of short term investments				—			—			35			35
	Net increase in restricted cash				(1	)		(20	)		(23	)		(44	)
	Reattribution of cash				807			—			(807	)		—
	Other investing activities, net				(8	)		—			—			(8	)

Net cash provided (used) by investing activities					1,159			9			(474	)		694

Cash flows from financing activities:
	Borrowings of debt				1,021			—			38			1,059
	Repayments of debt				(1,142	)		(1	)		(524	)		(1,667	)
	Intergroup debt borrowings/(repayments)				(316	)		158			158			—
	Repurchases of Liberty common stock				—			(40	)		(4	)		(44	)
	Other financing activities, net				(27	)		(6	)		46			13

Net cash provided (used) by financing activities					(464	)		111			(286	)		(639	)

Effect of foreign currency rates on cash					(11	)		—			—			(11	)

	Net increase (decrease) in cash and cash equivalents				847			211			(677	)		381
	Cash and cash equivalents at beginning of period				884			794			3,157			4,835

	Cash and cash equivalents at end period			$	1,731			1,005			2,480			5,216

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 Celebrate, and our interests in GSI Commerce, Inc., Expedia, Inc., HSN, Inc., Interval Leisure Group, Inc. and Tree.com, Inc. Accordingly, the accompanying attributed financial information for the Interactive Group includes our investments in IAC/InterActiveCorp, Expedia, GSI, HSN, Interval and Lending Tree, 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 Starz 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 Starz 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 Starz Group consists primarily of our subsidiary Starz, LLC and approximately $1,044 million of cash, including subsidiary cash. Accordingly, the accompanying attributed financial information for the Starz Group includes these investments and the assets, liabilities, revenue, expenses and cash flows of that consolidated subsidiaries.

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

The Capital Group consists of all of our businesses not included in the Interactive Group or the Starz Group, including our consolidated subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, 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 Starz Group. See note 4 below for the debt obligations attributed to the Capital Group.

On February 25, 2010, Liberty announced that its board of directors had resolved to effect the following changes in attribution between the Capital Group and the Interactive Group, effective immediately (the "February Reattribution"):

•

the change in attribution from the Interactive Group to the Capital Group of Liberty's 14.6% ownership interest in Live Nation Entertainment, Inc.;

•

the change in attribution from the Capital Group to the Interactive Group of the following debt securities:

•: $469 million in principal amount of 4% Exchangeable Senior Debentures due 2029 (the "2029 Exchangeables");
•: $460 million in principal amount of 3.75% Exchangeable Senior Debentures due 2030 (the "2030 Exchangeables"); and

Notes to Attributed Financial Information (Continued)

(unaudited)

•: $492 million in principal amount of 3.5% Exchangeable Senior Debentures due 2031 (the "2031 Exchangeables", and together with the 2029 Exchangeables and the 2030 Exchangeables, the "Exchangeable Notes");

•: the change in attribution from the Capital Group to the Interactive Group of approximately $830 million in net taxable income to be recognized ratably in tax years 2014 through 2018 as a result of the cancellation in April 2009 of $400 million in principal amount of 2029 Exchangeables and $350 million in principal amount of 2030 Exchangeables; and
•: the change in attribution from the Capital Group to the Interactive Group of $807 million in cash.

The Liberty Media board determined that the February Reattribution would enable the Interactive Group to obtain long-term debt financing on better terms than would have been available to it in the capital markets at that time and improve the liquidity of the Interactive Group. In addition, the Interactive Group's generation of meaningful taxable income would better position it to utilize more directly and efficiently the tax benefits associated with the Exchangeable Notes. Previously, the Interactive Group was using these tax benefits, which were then attributed to the Capital Group, and compensating the Capital Group for such use. Lastly, the Liberty Media board believed that Liberty Media's equity interests in Live Nation Entertainment should be reattributed to the Capital Group in order to position it to take advantage of potential synergies associated with the Capital Group's interests in Sirius XM Radio.

In establishing the terms of the February Reattribution, the Liberty Media board reviewed, among other things, (i) a range of estimated values for the Exchangeable Notes (between $482 million and $526 million), which took into account the trading prices of the Exchangeable Notes and their unique tax attributes, among other things, and (ii) the estimated value of Liberty Media's equity interests in Live Nation Entertainment (approximately $298 million), which was based on the $12 per share offer price in Liberty Media's tender offer for additional shares of Live Nation during February 2010. Consistent with Liberty Media's Management and Allocation Policies, the Liberty Media board determined that the exchange of assets and liabilities between the two groups in the February Reattribution was completed on a fair value basis.

Liberty has reflected the February Reattribution prospectively. This change in attribution had no effect on the balance sheet and results of operations attributed to the Starz Group.

On September 16, 2010, Liberty Media's board of directors approved a change in attribution of Liberty Media's interest in Starz Media, LLC along with $15 million in cash from the Capital Group to the Starz Group, effective September 30, 2010 (the "Starz Media Reattribution"). As a result of the Starz Media Reattribution, an intergroup payable of approximately $54.9 million owed by the Capital Group to the Starz Group has been extinguished, and its Starz Group has become attributed with approximately $53.7 million in bank debt, interest rate swaps and any shutdown costs associated with the winding down of the Overture Films business. Notwithstanding the Starz Media Reattribution, the board determined that certain tax benefits relating to the operation of the Starz Media, LLC business by the Capital Group that may be realized from any future sale or other disposition of that business by the Starz Group will remain attributed to the Capital Group.

The Starz Media Reattribution enabled the Starz Group to acquire the complementary Starz Media business. Starz Entertainment had been engaging in mutually beneficial content distribution and programming arrangements with Starz Media, and it was inefficient for these arrangements to be treated as inter-group transactions. Accordingly, the Liberty Media board reattributed Starz

Notes to Attributed Financial Information (Continued)

(unaudited)

Media, and its related debt, from the Capital Group to the Starz Group. This also enabled the Capital Group to repay indebtedness it owed to the Starz Group without using any of its cash reserves.

In establishing the terms of the Starz Reattribution, the Liberty Media board considered, among other things, (i) a range of estimated values for the Starz Media assets (between $95 million and $122 million), (ii) the $53.7 million in Starz Media liabilities to be assumed and (iii) the $54.9 million payable owed by the Capital Group to the Starz Group. Consistent with Liberty Media's Management and Allocation Policies, the Liberty Media board determined that the exchange of assets and liabilities between the two groups in the Starz Reattribution was completed on a fair value basis.

Liberty has reflected the Starz Media Reattribution prospectively. This change in attribution has no impact on the balance sheet and results of operations attributed to the Interactive Group.

On February 9, 2011, Liberty Media's Board of Directors approved the change in attribution of (i) approximately $1.138 billion principal amount of Liberty Media LLC's 3.125% Exchangeable Senior Debentures due 2023 (the "TWX Exchangeable Notes"), (ii) 21,785,130 shares of Time Warner Inc. common stock, 5,468,254 shares of Time Warner Cable Inc. common stock and 1,980,425 shares of AOL, Inc. common stock, which collectively represent the basket of securities into which the TWX Exchangeable Notes are exchangeable (the "Basket Securities") and (iii) $263.8 million in cash from the Capital Group to the Interactive Group, effective immediately (the "TWX Reattribution"). The TWX Reattribution had no effect on the assets and liabilities attributed to the Starz Group, nor did it effect any change to the obligor of the TWX Exchangeable Notes, which remains Liberty Media LLC.

The Liberty Media board determined to effect the TWX Reattribution in light of the proposed split-off, to eliminate ambiguity regarding the terms of this reattribution and to better align the TWX Exchangeable Notes with the tracking stock group that has the strongest cashflow generation. The reattribution of the TWX Exchangeable Notes was necessary to complete the pending proposed split-off because the obligor thereunder, Liberty Media LLC, will remain with Liberty Media following that split-off. The Liberty Media board believed that waiting to complete this reattribution until an unknowable time when the conditions to the split-off would be satisfied was creating confusion in the marketplace over the terms of the pending reattribution, including the amount of cash to be reattributed. In addition, and irrespective of the split-off, the Liberty Media board believes the Interactive Group is best positioned to fulfill the obligations under the Exchangeable Notes given its strong cash flow and solid credit position. Accordingly, the Liberty Media board decided to complete the TWX Reattribution at its February 9, 2011 board meeting.

In establishing the terms of the TWX Reattribution, the Liberty Media board reviewed, among other things, (i) the principal amount of the TWX Exchangeable Notes, (ii) a range of values for tax liabilities associated with the delivery of the Basket Securities (between $162 million and $168 million), (iii) a range of values in payment for the risk that the Basket Securities are worth less than the face amount of the TWX Exchangeable Notes at the first date on which the TWX Exchangeable Notes can be redeemed, which is March 30, 2013 (between $36 million to $55 million), and (iv) the estimated value of the Basket Securities, using closing market prices on February 8, 2011 ($1.2 billion in the aggregate).

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

Notes to Attributed Financial Information (Continued)

(unaudited)

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.

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

				March 31, 2011

				amounts in millions
Capital Group
	Time Warner Inc.(b)			$	444	1,101
	Time Warner Cable Inc.(b)				223	567
	Sprint Nextel Corporation(a)				214	301
	Motorola Solutions(c)				331	471
	Motorola Mobility(c)				158	—
	Viacom, Inc.				353	301
	Live Nation Entertainment, Inc.(d)				362	389
	Century Link, Inc.(a)				153	248
	Other available-for-sale equity securities(a)				308	308
	SIRIUS XM debt securities				393	384
	Other available-for-sale debt securities				274	404
	Other cost investments and related receivables				11	9

		Total attributed Capital Group			3,224	4,483

Interactive Group
	Time Warner Inc.(a)(b)				778	—
	Time Warner Cable Inc.(a)(b)				390	—
	Other				39	1

		Total attributed Interactive Group			1,207	1

Starz Group
	Other				98	67

		Total attributed Starz Group			98	67

			Consolidated Liberty	$	4,529	4,551

(a): Includes shares pledged as collateral for share borrowing arrangements.
(b): As discussed in note 1, certain of these securities were reattributed from the Capital Group to the Interactive Group in the first quarter of 2011.
(c): Effective January 4, 2011 Motorola, Inc. separated Motorola Mobility Holdings, Inc. in a 1 for 8 stock distribution. Motorola Inc. simultaneously completed a 1 for 7 reverse stock split and was renamed Motorola Solutions, Inc.
(d): During the first quarter of 2011, Liberty entered into a subscription agreement to acquire shares of Live Nation. Approximately 1.8 million shares were acquired immediately under the agreement for consideration of approximately $19 million. Additionally, under the agreement Liberty has agreed

Notes to Attributed Financial Information (Continued)

(unaudited)

to acquire an additional 5.5 million shares for consideration of $58 million, subject to Live Nation shareholder vote to be held at the annual meeting which must occur no later than June 30, 2011.

(3): The following table presents information regarding certain equity method investments:

									Share of earnings (losses) three months ended March 31,

		March 31, 2011
		Percentage ownership			Carrying value		Market value
		Percentage ownership			Carrying value		Market value		2011			2010
		dollar amounts in millions
Interactive Group
	Expedia		25	%	$	721	$	1,569	$	13		$	14
Capital Group
	Sirius(a)		40	%	$	—	$	4,269	$	(7	)	$	(8	)

(a): As of March 31, 2011, the Sirius Preferred Stock had a market value of $4,269 million based on the value of the common stock into which it is convertible.
(4): Debt attributed to the Interactive Group, the Starz Group and the Capital Group is comprised of the following:

			March 31, 2011

			Outstanding principal		Carrying value
			amounts in millions
Capital Group
	Liberty bank facility		$	750		750

		Total attributed Capital Group debt		750		750

Interactive Group
	5.7% Senior Notes due 2013			324		323
	8.5% Senior Debentures due 2029			287		284
	8.25% Senior Debentures due 2030			504		501
	3.125% Exchangeable Senior Debentures Due 2023			1,138		1,357
	4% Exchangeable Senior Debentures due 2029			469		283
	3.75% Exchangeable Senior Debentures due 2030			460		263
	3.5% Exchangeable Senior Debentures due 2031			488		345
	3.25% Exchangeable Senior Debentures due 2031			541		444
	QVC 7.125% Senior Secured Notes due 2017			500		500
	QVC 7.5% Senior Secured Notes due 2019			1,000		985
	QVC 7.375% Senior Secured Notes due 2020			500		500
	QVC Bank Credit Facilities			781		781
	Other subsidiary debt			53		53

		Total attributed Interactive Group debt		7,045		6,619

Starz Group
	Subsidiary debt			81		81

		Total attributed Starz Group debt		81		81

Total debt			$	7,876		7,450

Notes to Attributed Financial Information (Continued)

(unaudited)

(5): Cash and stock-based compensation expense for our corporate employees has been allocated among the Interactive Group, the Starz 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 allocated from the Capital Group to the Interactive Group and the Starz Group, including stock-based compensation, are as follows:

	Three months ended March 31,

	2011		2010
	amounts in millions
Interactive Group	$	21		17
Starz Group	$	7		4

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 Starz 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 Starz 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 Starz 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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Exhibit 99.1

BALANCE SHEET INFORMATION March 31, 2011 (unaudited)
STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS (LOSS) INFORMATION Three months ended March 31, 2011 (unaudited)
STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS (LOSS) INFORMATION Three months ended March 31, 2010 (unaudited)
STATEMENT OF CASH FLOWS INFORMATION Three months ended March 31, 2011 (unaudited)
Notes to Attributed Financial Information (unaudited)