UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

 

Liberty Media Corporation

(Name of Issuer)

 

Series A Liberty Entertainment common stock, par value $.01 per share; and

Series B Liberty Entertainment common stock, par value $.01 per share

(Title of Class of Securities)

 

Series A Liberty Entertainment common stock: 53071M500; and

Series B Liberty Entertainment common stock: 53071M609

(CUSIP Number)

 

Larry D. Hunter, Esq.

The DIRECTV Group, Inc.

2230 East Imperial Highway

El Segundo, California 90245

(310) 964-5000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

With a copy to:

 

Frederick S. Green, Esq.

Michael E. Lubowitz, Esq.

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, New York 10153

(212) 310-8000

 

November 19, 2009

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. (However, see the Notes.)

 

(Continued on following pages)

 


 

 

CUSIP No.   53071M500

53071M609

 

 

1

Names of Reporting Persons
The DIRECTV Group, Inc.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
0

 

 

14

Type of Reporting Person
CO

 

2


 

 

This Amendment No. 1 amends the Schedule 13D filed on May 15, 2009 (the “Schedule 13D”).  The irrevocable proxy granted to The DIRECTV Group, Inc. (the “Reporting Person”) for 3,125,935 shares of Series A Liberty Entertainment common stock and 21,806,160 shares of Series B Liberty Entertainment common stock has been terminated in accordance with its terms.  Consequently, the Reporting Person is no longer the beneficial owner of any shares of common stock of the Issuer.  Accordingly, this Amendment No. 1 is the Reporting Person’s final amendment to Schedule 13D and is an exit filing.

 

 

Item 4.

Purpose of Transaction.

 

Item 4 of the Schedule 13D is hereby supplemented by adding the following:

 

On November 19, 2009, the Issuer consummated the split-off and the parties to the Agreement and Plan of Merger, dated as of May 3, 2009, and as amended as of July 29, 2009 and October 2, 2009, by and among Liberty Media Corporation, Liberty Entertainment, Inc., The DIRECTV Group, Inc., DIRECTV, DTVG One, Inc. and DTVG Two, Inc. (the “Merger Agreement”) consummated the transactions contemplated by the Merger Agreement.  As a result, pursuant to the terms of the Voting and Right of First Refusal Agreement, dated as of May 3, 2009, and as amended as of July 29, 2009 and October 2, 2009, by and among Liberty Entertainment, Inc., The DIRECTV Group, Inc., DIRECTV, Mr. John C. Malone, Mrs. Leslie Malone, The Tracy L. Neal Trust A and The Evan D. Malone Trust A, the proxy granted to the Reporting Person was terminated on the effective date of the split-off.  Consequently, the Reporting Person is no longer the beneficial owner of any shares of common stock of the Issuer.

 

Item 5.

Interest in Securities of the Issuer.

 

Item 5 of the Schedule 13D is hereby amended and restated in its entirety by the following:

 

(a) and (b)                    The responses of the Reporting Person to Rows (7) through (13) of the cover page of this Schedule 13D are incorporated herein by reference.  As of November 19, 2009, the Reporting Person owns no shares of Common Stock.  Except as set forth on Schedule 1, to the knowledge of the Reporting Person, no Schedule 1 Person beneficially owns shares of LMDIA or LMDIB.

 

(c)                                                             Except as described herein, neither the Reporting Person nor, to the knowledge of the Reporting Person, any Schedule 1 Person has acquired or disposed of any shares of Common Stock in the past 60 days.

 

(d)                                                            Not applicable.

 

(e)                                                             November 19, 2009

 

3


 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth on this statement is true, complete and correct.

 

Dated:  November 25, 2009

 

 

THE DIRECTV GROUP, INC.

 

 

 

 

 

 

By:

/s/ Keith U. Landenberger

 

 

Name: Keith U. Landenberger

 

 

Title: Senior Vice President

 

4


 

SCHEDULE 1

 

Directors and Executive Officers of The DIRECTV Group, Inc.

 

The name, residence or business address, present principal occupation or employment, citizenship and beneficial ownership of Liberty equity securities of the directors and executive officers of The DIRECTV Group, Inc. are set forth below.  Information regarding the Beneficial Ownership of Liberty Securities, Percent of Class and Voting Power with respect to Mr. John C. Malone and Mr. Gregory B. Maffei is obtained from the Liberty Proxy Statement dated as of October 20, 2009.

 

Name and
Position with The
DIRECTV
Group, Inc.

 

Residence or Business
Address, and
Citizenship

 

Principal Occupation
or Employment, If
Other Than As An
Executive Officer of
The DIRECTV Group,
Inc.

 

Beneficial Ownership of
Liberty Securities

 

Percent
of
Class
(%)

 

Voting Power
of LMDIA
and LMDIB
as one class
(%)

 

 

 

 

 

 

 

 

 

 

 

Neil R. Austrian,
Director

 

22 Ballwood Road
Old Greenwich, CT
06870

Citizen of the United
States.

 

Private Investor

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Ralph F. Boyd,
Jr., Director

 

Freddie Mac
8250 Jones Branch
Drive
MS A4A
McLean VA 22102

Citizen of the United
States.

 

Executive Vice President/Community Relations, Federal Home Loan Mortgage Corporation

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Chase Carey,
Director

 

New Corporation
1171 Avenue of the
Americas
New York, NY 10036

Citizen of the United
States.

 

Deputy Chairman, President and Chief Operating Officer of News Corporation

 

LMDIA 4,420(9)

 

*

 

*

 

 

 

 

 

 

 

 

 

 

 

Paul A. Gould,
Director

 

Allen & Company, LLC
711 Fifth Avenue
New York, NY 10022

Citizen of the United
State

 

Managing Director, Allen & Company, LLC

 

LMDIA: 496,696
LMDIB: 120,068

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charles R. Lee,
Director

 

Verizon
Communications
375 Park Avenue,
Suite 2405
New York, NY 10152

Citizen of the United

 

Retired Chairman and Co-Chief Executive Officer, Verizon Communications, Inc.

 

—

 

—

 

—

 

5


 

Name and
Position with The
DIRECTV
Group, Inc.

 

Residence or Business
Address, and
Citizenship

 

Principal Occupation
or Employment, If
Other Than As An
Executive Officer of
The DIRECTV Group,
Inc.

 

Beneficial Ownership of
Liberty Securities

 

Percent
of
Class
(%)

 

Voting Power
of LMDIA
and LMDIB
as one class
(%)

 

 

 

 

 

 

 

 

 

 

 

 

 

States.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Peter A. Lund,
Director

 

236 Locha Drive,
Jupiter, FL  33458

Citizen of the United
States.

 

Private Investor and Former President and Chief Executive Officer of CBS, Inc.

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Gregory B. Maffei,
Director

 

Liberty Media
Corporation
12300 Liberty Blvd.
Englewood, CO 80112

Citizen of the United
States.

 

Chief Executive Officer and President, Liberty Media Corporation

 

LMDIA 2,240,000 (2)(4)(5)

 

*

 

*

 

 

 

 

 

 

 

 

 

 

 

John C. Malone,
Chairman of the
Board, Director

 

Liberty Media
Corporation
12300 Liberty Blvd.
Englewood, CO 80112

Citizen of the United States.

 

Chairman of the Board, Liberty Media Corporation and Liberty Global, Inc.

 

LMDIA 3,369,000(1)(2)(3)(4)(5)(6)(7)

 

*

 

33.9

 

 

 

 

 

 

LMDIB 24,463,000(1)(5)(6)(8)

 

92.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Nancy S. Newcomb,
Director

 

130 West 79th Street, Suite 10A
New York, NY 10024

Citizen of the United States.

 

Retired Senior Corporate Officer, Citigroup, Inc.

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Haim Saban,
Director

 

Saban Capital Group, Inc.
10100 Santa Monica Blvd.
Los Angeles, CA 90067

Dual citizen of the United States and Israel.

 

Chairman and Chief Executive Officer, Saban Capital Group, Inc.

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Michael D. White,
Director

 

Pepsico International
700 Anderson Hill Road

 

Chief Executive Officer, PepsiCo International

 

—

 

—

 

—

 

6


 

Name and
Position with The
DIRECTV
Group, Inc.

 

Residence or Business
Address, and
Citizenship

 

Principal Occupation
or Employment, If
Other Than As An
Executive Officer of
The DIRECTV Group,
Inc.

 

Beneficial Ownership of
Liberty Securities

 

Percent
of
Class
(%)

 

Voting Power
of LMDIA
and LMDIB
as one class
(%)

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase, NY 10577

Citizen of the United States.

 

Vice Chairman, PepsiCo

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bruce B. Churchill,
Executive Vice President, President and Chief Executive Officer of DIRECTV Latin America, LLC and President—New Ventures

 

The DIRECTV Group, Inc.
One Rockefeller Plaza
New York, NY 10020

 

Citizen of the United States.

 

 

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Patrick T. Doyle,
Executive Vice President and Chief Financial Officer

 

The DIRECTV Group, Inc.
2230 East Imperial Highway
El Segundo, California 90245

Citizen of the United States.

 

 

 

LMDIA 2,000

 

*

 

*

 

 

 

 

 

 

 

 

 

 

 

Larry D. Hunter,
Chief Executive Officer

 

The DIRECTV Group, Inc.
2230 East Imperial Highway
El Segundo, California 90245

Citizen of the United States.

 

 

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Michael W. Palkovic,
Executive Vice President—Operations

 

The DIRECTV Group, Inc.
2230 East Imperial Highway
El Segundo, California 90245

Citizen of the United States.

 

 

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Romulo Pontual,
Executive Vice President and Chief Technology

 

The DIRECTV Group, Inc.
2230 East Imperial Highway
El Segundo, California 90245

 

 

 

—

 

—

 

—

 

7


 

Name and
Position with The
DIRECTV
Group, Inc.

 

Residence or Business
Address, and
Citizenship

 

Principal Occupation
or Employment, If
Other Than As An
Executive Officer of
The DIRECTV Group,
Inc.

 

Beneficial Ownership of
Liberty Securities

 

Percent
of
Class
(%)

 

Voting Power
of LMDIA
and LMDIB
as one class
(%)

 

 

 

 

 

 

 

 

 

 

 

Officer

 

 

Citizen of Brazil.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

J. William Little,
Senior Vice President and Treasurer

 

The DIRECTV Group, Inc.
One Rockefeller Plaza
New York, NY 10020

Citizen of the United States.

 

 

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

John Murphy, Senior Vice President, Controller and Chief Accounting Officer

 

The DIRECTV Group, Inc.
2230 East Imperial Highway
El Segundo, California 90245

Citizen of the United States.

 

 

 

—

 

—

 

—

 

* Less than one percent.

 

(1)                  Includes 301,008 LMDIA shares and 681,884 LMDIB shares held by Mr. Malone’s wife, Mrs. Leslie Malone, as to which shares Mr. Malone has disclaimed beneficial ownership.

 

(2)                  Includes shares held in the Liberty 401(k) Savings Plan as follows:

 

 

 

LMDIA

 

John C. Malone

 

1,318

 

Gregory B. Maffei

 

4,779

 

 

(3)                  Includes 660 LMDIA held by a trust with respect to which Mr. Malone is the sole trustee and, with his wife, retains a unitrust interest in the trust.

 

(4)                  Includes restricted shares, none of which is vested, as follows:

 

 

 

LMDIA

 

John C. Malone

 

251,419

 

Gregory B. Maffei

 

341,260

 

 

(5)                  Includes beneficial ownership of shares that may be acquired upon exercise of, or which relate to, stock options and stock appreciation rights exercisable within 60 days after March 31, 2009.  Mr. Malone has the right to convert the options to purchase LCAPB shares, LINTB shares and LMDIB shares into options to purchase LCAPA shares, LINTA shares and LMDIA shares, respectively.

 

 

 

LMDIA

 

LMDIB

 

John C. Malone

 

508,629

 

2,657,080

 

Gregory B. Maffei

 

1,894,300

 

—

 

 

8


 

(6)                  Includes 102,800 shares of LMDIA and 367,156 shares of LMDIB held by two trusts which are managed by an independent trustee, of which the beneficiaries are Mr. Malone’s adult children and in which Mr. Malone has no pecuniary interest. Mr. Malone retains the right to substitute assets held by the trusts and has disclaimed beneficial ownership of the shares held by the trusts.

 

(7)                  Includes 2,644,407 shares of LCAPA, 2,603,425 shares of LINTA and 2,187,098 shares of LMDIA pledged to Fidelity Brokerage Services, LLC (Fidelity) in connection with a margin loan facility extended by Fidelity to Mr. Malone.

 

(8)                  For more information about agreements in respect of certain of these shares, please see Item 6 of the Schedule 13D filed on May 15, 2009.

 

(9)                  Includes 3,980 shares held by Charles G. Carey 2002 Trust, 376 shares held by Charles. G Carey IRRA, 40 shares held by Charles G. Carey SEP, 12 shares held by Wendy G. Carey c/f Steven Carey and 12 shares held by Wendy G. Carey c/f Tara Casey.

 

9


 

Exhibit Index

 

Exhibit No.

 

Description

 

 

 

1

 

Agreement and Plan of Merger, dated as of May 3, 2009, by and among Liberty Media Corporation, Liberty Entertainment, Inc., The DIRECTV Group, Inc., DIRECTV, DTVG One, Inc. and DTVG Two, Inc. (incorporated by reference to Exhibit 10.1 to The DIRECTV Group, Inc. Current Report on Form 8-K (File No. 001-31945) filed on May 4, 2009).

 

 

 

2.

 

Amendment No. 1, dated as of July 29, 2009, to the Agreement and Plan of Merger, dated as of May 3, 2009, by and among Liberty Media Corporation, Liberty Entertainment, Inc., The DIRECTV Group, Inc., DIRECTV, DTVG One, Inc. and DTVG Two, Inc. (incorporated by reference to Exhibit 10.1 to The DIRECTV Group, Inc. Current Report on Form 8-K (File No. 001-31945) filed on July 30, 2009).

 

 

 

3.

 

Amendment No. 2, dated as of October 2, 2009, to the Agreement and Plan of Merger, dated as of May 3, 2009, by and among Liberty Media Corporation, Liberty Entertainment, Inc., The DIRECTV Group, Inc., DIRECTV, DTVG One, Inc. and DTVG Two, Inc. (incorporated by reference to Exhibit 10.1 to The DIRECTV Group, Inc. Current Report on Form 8-K (File No. 001-31945) filed on October 2, 2009).

 

 

 

4.

 

Voting and Right of First Refusal Agreement, dated as of May 3, 2009, by and among Liberty Entertainment, Inc., The DIRECTV Group, Inc., DIRECTV, Mr. John C. Malone, Mrs. Leslie Malone, The Tracy L. Neal Trust A and The Evan D. Malone Trust A (incorporated by reference to Exhibit 10.3 to The DIRECTV Group, Inc. Current Report on Form 8-K (File No. 001-31945) filed on May 4, 2009).

 

 

 

5.

 

Amendment No. 1, dated as of July 29, 2009, to the Voting and Right of First Refusal Agreement, dated as of May 3, 2009, by and among Liberty Entertainment, Inc., The DIRECTV Group, Inc., DIRECTV, Dr. John C. Malone, Mrs. Leslie Malone, The Tracy L. Neal Trust A and The Evan D. Malone Trust A (incorporated by reference to Exhibit 10.2 to The DIRECTV Group, Inc. Current Report on Form 8-K (File No. 001-31945) filed on July 30, 2009).

 

 

 

6.

 

Amendment No. 2, dated as of October 2, 2009, to the Voting and Right of First Refusal Agreement, dated as of May 3, 2009, by and among Liberty Entertainment, Inc., The DIRECTV Group, Inc., DIRECTV, Dr. John C. Malone, Mrs. Leslie Malone, The Tracy L. Neal Trust A and The Evan D. Malone Trust A (incorporated by reference to Exhibit 10.2 to The DIRECTV Group, Inc. Current Report on Form 8-K (File No. 001-31945) filed on October 2, 2009).

 

10