UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D. C. 20549
FORM 11-K
x
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ANNUAL REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended
December 31, 2007
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OR
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o
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TRANSITION REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from
to
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Commission file number 000-51990
LIBERTY MEDIA 401(k) SAVINGS
PLAN
(Full title of the
Plan)
LIBERTY MEDIA CORPORATION
(Issuer of the
securities held pursuant to the Plan)
12300
Liberty Boulevard
Englewood,
Colorado 80112
(Address of its
principal executive office)
REQUIRED INFORMATION
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Page No.
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Financial Statements:
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Report
of Independent Registered Public Accounting Firm
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1
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Statements
of Net Assets Available for Participant Benefits, December 31, 2007 and
2006
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2
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Statements
of Changes in Net Assets Available for Participant Benefits, Years ended
December 31, 2007 and 2006
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3
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Notes to
Financial Statements, December 31, 2007 and 2006
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4 - 10
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Schedule 1 -
Schedule H, Line 4i Schedule of Assets (Held at End of Year),
December 31, 2007
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11
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Schedule 2
Schedule H, Line 4a Schedule of Delinquent Participant Contributions, Year
ended December 31, 2007
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12
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Exhibit -
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23-Consent
of KPMG LLP
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SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the members of the Plan
Committee have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
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LIBERTY MEDIA
401(k) SAVINGS PLAN
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(Name
of Plan)
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By
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/s/ Christopher W.
Shean
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Christopher W. Shean
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Member of Plan
Committee
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June 2, 2008
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Report of Independent Registered Public Accounting
Firm
The Plan Committee
Liberty Media 401(k) Savings
Plan:
We have audited the
accompanying statements of net assets available for participant benefits of the
Liberty Media 401(k) Savings Plan (the Liberty Plan) as of December 31,
2007 and 2006, and the related statements of changes in net assets available
for participant benefits for the years then ended. These financial statements are the
responsibility of the Liberty Plans management. Our responsibility is to express an opinion
on these financial statements based on our audits.
We conducted our audits
in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial
statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the
financial statements referred to above present fairly, in all material
respects, the net assets available for participant benefits of the Liberty Plan
as of December 31, 2007 and 2006, and the changes in net assets available
for participant benefits for the years then ended in conformity with U.S.
generally accepted accounting principles.
Our audits were performed
for the purpose of forming an opinion on the basic financial statements taken
as a whole. The supplemental schedule of
assets (held at end of year) as of December 31, 2007 and schedule of
delinquent participant contributions for the year ended December 31, 2007
are presented for the purpose of additional analysis and are not a required
part of the basic financial statements but are supplementary information
required by the Department of Labors Rules and Regulations for Reporting
and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the
responsibility of the Liberty Plans management. The supplemental schedules have been
subjected to the auditing procedures applied in the audits of the basic
financial statements and, in our opinion, are fairly stated in all material
respects in relation to the basic financial statements taken as a whole.
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KPMG LLP
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Denver, Colorado
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May 29, 2008
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1
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Statements of Net Assets Available
for Participant
Benefits
December 31,
2007 and 2006
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2007
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2006
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amounts in thousands
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Contributions
Receivable:
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Participant
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$
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301
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Employer
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252
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553
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Investments, at
fair value:
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Liberty Capital
Stock Fund (notes 1 and 2)
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16,972
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17,246
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Liberty
Interactive Stock Fund (notes 1 and 2)
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13,436
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18,922
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Discovery
Holding Stock Fund (note 1)
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5,155
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4,659
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Liberty Global
Stock Fund (note 1)
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8,195
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Mutual funds
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83,014
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62,014
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Brokeragelink
accounts (note 2)
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1,478
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202
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120,055
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111,238
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Participant
loans (note 2)
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1,158
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1,233
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Payable for
required refunds of excess contributions and earnings thereon
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(1,219
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(740
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Net assets
available for participant benefits
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$
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119,994
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112,284
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See accompanying notes to
financial statements.
2
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Statements of Changes in Net Assets Available
for Participant
Benefits
Years ended December 31,
2007 and 2006
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2007
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2006
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amounts in thousands
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Contributions:
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Employer
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$
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8,220
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6,657
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Participant
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11,165
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8,471
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Rollovers
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7,184
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2,464
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26,569
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17,592
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Net investment
income:
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Net appreciation
in fair value of investments
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5,364
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14,632
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Interest and
dividend income
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5,506
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3,270
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10,870
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17,902
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Total
contributions and net investment income
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37,439
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35,494
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Administrative
expenses
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(238
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(314
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Refund of excess
contributions and earnings thereon
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(1,187
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(740
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Distributions to
participants
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(28,304
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(9,450
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Increase in net
assets available for participant benefits
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7,710
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24,990
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Net assets
available for participant benefits:
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Beginning of
year
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112,284
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87,294
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End of year
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$
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119,994
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112,284
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See accompanying notes to
financial statements.
3
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Notes to Financial Statements
December 31,
2007 and 2006
(1)
Summary
of Significant Accounting Policies
Basis of Presentation
The accompanying
financial statements of the Liberty Media 401(k) Savings Plan (the Liberty
Plan) have been prepared on the accrual basis and present the net assets
available for participant benefits and the changes in those net assets. The sponsor of the Liberty Plan is Liberty
Media LLC (Liberty), a wholly owned subsidiary of Liberty Media Corporation (New
Liberty).
Trust Fund Managed by
Fidelity Management Trust Company (Trustee)
Under the terms of a
trust agreement between Liberty and the Trustee, the Trustee manages a trust
fund on behalf of the Liberty Plan and has been granted authority concerning
purchases and sales of investments for the trust fund. The Trustee may invest up to 100% of the
assets of the Liberty Plan in employer securities without regard to any
fiduciary requirement to diversify Liberty Plan assets. Additionally, the Liberty Plan is allowed to
invest in non-employer securities.
Investments
Investments are reflected
in the accompanying financial statements at fair value. Fair value represents the closing prices for
those securities having readily available market quotations.
On May 9, 2006, New
Liberty completed a restructuring (the Restructuring) pursuant to which a
direct, wholly owned subsidiary of New Liberty merged (the Merger) with and
into Liberty and New Liberty became the new publicly traded parent company of
Liberty. Immediately prior to the
Merger, New Liberty was a direct, wholly owned subsidiary of Liberty. In the Merger, each holder of Libertys
common stock, including the Liberty Plan through the Liberty Media Stock Fund,
received for each share of Libertys Series A common stock held immediately
prior to the Merger, 0.25 of a share of Liberty Interactive Series A
common stock and 0.05 of a share of the Liberty Capital Series A common
stock, and for each share of Libertys Series B common stock held
immediately prior to the Merger, 0.25 of a share of the Liberty Interactive Series B
common stock and 0.05 of a share of the Liberty Capital Series B common
stock, in each case, with cash in lieu of any fractional shares.
The Liberty Capital Stock
Fund, the Liberty Interactive Stock Fund, the Liberty Global Stock Fund, and
the Discovery Holding Stock Fund are unitized funds that are measured in units
rather than shares. The Liberty Capital
Stock Fund consists mostly of Series A Liberty Capital common stock (LCAPA)
with an insignificant amount of cash or cash equivalents. The Liberty Interactive Stock Fund consists
mostly of Series A Liberty Interactive common stock (LINTA) with an
insignificant amount of cash or cash equivalents.
4
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Notes to Financial
Statements
The Discovery Holding
Stock Fund consists mostly of Discovery Holding Company (DHC) Series A
common stock with an insignificant amount of cash or cash equivalents.
Prior to November 12,
2007, the Liberty Global Stock Fund consisted mostly of Liberty Global, Inc.
(LGI) Series A common stock with an insignificant amount of cash or cash
equivalents. LGI was formed in May 2005
in connection with the business combination transaction between Liberty Media
International, Inc., a former subsidiary of Liberty, and UnitedGlobalCom, Inc. Effective November 12, 2007, the Liberty
Plan liquidated all holdings of the Liberty Global Stock Fund and used the
proceeds to purchase shares of the Spartan International Index Fund.
The following closing
market prices have been used to value investments in the Liberty Plans
unitized stock funds:
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December 31,
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2007
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2006
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Series A
Liberty Capital common stock
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$
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116.49
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97.98
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Series A
Liberty Interactive common stock
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$
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19.08
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21.57
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LGI
Series A common stock
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N/A
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29.15
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DHC
Series A common stock
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$
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25.14
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16.09
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Changes in market values
after the Liberty Plans year end are not reflected in the accompanying
financial statements.
Securities and investment
transactions are accounted for on the trade date. The cost basis of such shares distributed is
determined using the average cost method.
Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as
earned on an accrual basis.
Distributions to
Participants
Distributions requested
by participants are recorded when paid.
Income Taxes
The Internal Revenue
Service (the IRS) has determined and informed Liberty by a letter dated June 1,
2005 (the IRS Determination Letter), that the Liberty Plan and related trust
are designed in accordance with applicable sections of the Internal Revenue
Code (IRC). Once qualified, the
Liberty Plan is required to operate in conformity with the IRC to maintain its qualification. The Liberty Plan administrator is not aware
of any course of action or series of events that have occurred that might
adversely affect the Liberty Plans qualified status.
Plan Expenses
Any employer contribution
amounts forfeited pursuant to the terms of the Liberty Plan may be used to pay
Liberty Plan expenses, except that the fees charged by the Trustee for
participant loans are paid by the borrowing participant. Any additional
administrative expenses of the Liberty Plan are paid by Liberty.
5
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Notes to Financial
Statements
Use of Estimates
The preparation of financial statements in conformity
with U.S. generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of additions and deductions
during the reporting period. Actual results could differ significantly from
those estimates.
(2)
Description
of the Liberty Plan
The following description of the Liberty Plan is
provided for general information purposes only. Participants should refer to
the plan document for more complete information. The Liberty Plan is subject to
the provisions of the Employee Retirement Income Security Act of 1974, as
amended (ERISA).
General
The Liberty Plan is a defined contribution plan
sponsored by Liberty, which enables participating employees of Liberty and its
qualifying subsidiaries to receive an interest in New Liberty and to receive
benefits upon retirement. Employees of Liberty and certain 80% or more owned
subsidiaries who are at least 18 years of age and (i) have worked at least
three consecutive months or (ii) have completed one year of service (as
defined in the Liberty Plan document) are eligible to participate in the
Liberty Plan.
Contributions
Participants may make (i) pre-tax contributions
to the Liberty Plan of up to 75% of their compensation, as defined and/or (ii) after-tax
contributions up to 10% of their compensation. Pursuant to the terms of the
Liberty Plan, Liberty and certain subsidiaries may make matching contributions
equal to 100% of participant contributions, up to a maximum match of 10% of
eligible compensation, and certain other subsidiaries may make matching
contributions equal to $.50 for each $1.00 contributed by the participants up
to a maximum match of 4% of eligible compensation. All participant
contributions and employer matching contributions are subject to limitations as
determined annually by the IRS. Employee pre-tax contributions and combined
employee pre-tax, employee after-tax and employer match contributions per
participant (excluding catch-up contributions) were limited to $15,500 and
$45,000, respectively, in 2007 and $15,000 and $44,000 respectively in 2006. Catch-up
contributions, as defined in the Economic Growth and Tax Relief Reconciliation
Act of 2001, are permitted for those eligible employees and are not matched by
the employer. Liberty and its subsidiaries reserve the right to change the
matching contribution amounts at any time.
Participants who are fully vested in their employer
contributions can direct the employer contributions to any investment in the
Liberty Plan. Employer contributions for participants who are not fully vested
are invested in the Liberty Capital Stock Fund and the Liberty Interactive
Stock Fund, as determined by the Plan Committee. Unvested employer
contributions made in 2007 and 2006 subsequent to the Restructuring were
invested 45% in the Liberty Capital Stock Fund and 55% in the Liberty
Interactive Stock Fund. Employee contributions may be invested in any
investment in the Liberty Plan, including the Liberty Capital Stock Fund and
Liberty Interactive Stock Fund.
6
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Notes to Financial
Statements
Nonparticipant-Directed
Investments
As noted above, employer contributions of 100% vested
participants can be invested in any investment in the Liberty Plan. The
accompanying statements of changes in net assets available for participant
benefits do not present activity based on participant-directed and
nonparticipant-directed investments. Plan information, including information
regarding participant-directed and nonparticipant-directed investments, about
the significant components of the changes in net assets relating to the Liberty
Capital Stock Fund, the Liberty Interactive Stock Fund and the Liberty Media
Stock Fund for the years ended December 31, 2007 and 2006, are as follows:
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2007
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2006
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Liberty
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Liberty
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Liberty
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Liberty
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Liberty
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Capital
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Interactive
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Capital
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Interactive
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Media
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Stock Fund
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Stock Fund
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Stock Fund
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Stock Fund
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Stock Fund
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amounts in thousands
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Balance at
beginning of year
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$
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17,246
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18,922
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28,653
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Conversion of
shares from Liberty Media Stock Fund (see note 1)
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14,474
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16,775
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(31,249
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)
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Contributions
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Employer
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2,631
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3,108
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1,133
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1,374
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1,992
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Participant
|
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349
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|
328
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|
119
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|
125
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|
281
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Rollovers
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96
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8
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7
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Interest income
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14
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15
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6
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8
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7
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Net appreciation
(depreciation) in fair value of stock fund
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3,303
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(1,231
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)
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2,786
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2,238
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3,461
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Net forfeiture
credit (debit)
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235
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(143
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)
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56
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(44
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)
|
16
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Distributions to
participants
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(5,727
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)
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(5,875
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)
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(628
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)
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(701
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)
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(1,318
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)
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Exchanges out
and transfer of assets
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(927
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)
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(1,704
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)
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(570
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)
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(776
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)
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(1,739
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)
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Net loan
activity
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(25
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)
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12
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|
2
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|
5
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(14
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)
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Administrative
expenses
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(223
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)
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(4
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)
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(139
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)
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(82
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)
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(90
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)
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Balance at end
of year
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$
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16,972
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13,436
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17,246
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18,922
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Rollovers
Participants may elect to rollover amounts from other
qualified plans or individual retirement accounts into the Liberty Plan provided
that certain conditions are met.
Participant Accounts
Each participants account is credited with (a) the
participants deferral contributions, (b) employer matching contributions,
and (c) allocations of plan earnings and losses, as determined by the plan
document. The benefit to which a participant is entitled is the benefit that
can be provided from the participants vested account.
7
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Notes to Financial
Statements
Participant Loans
Participants may borrow from their fund accounts a
minimum of $1,000 up to the lesser of $50,000 or 50% of their vested account
balance. Loans, other than those transferred from other plans, must be repaid
within five years and bear interest at a rate equal to the prime rate of
interest in effect on the day in which the loan was made plus 1%. The interest
rate determined on any date will apply to all loans made after that date until
an updated prime rate (plus 1%) is implemented by the Plan Committee. Loans
transferred from other plans retain the repayment terms and interest rates in
effect at the time of transfer. Loans are secured by the vested balance in the
participants account. At December 31, 2007, outstanding loans had
interest rates ranging from 5% to 9.25%. Principal and interest are paid
ratably through monthly payroll deductions or through the use of coupon books
or automatic bank draft after termination of employment.
Forfeitures
Forfeitures of employer contributions (due to
participants termination prior to full vesting) are first used to pay Liberty
Plan expenses, with any excess used to reduce Libertys future matching
contributions. Forfeitures aggregated $393,000 and $216,000 during 2007 and
2006, respectively. Forfeitures of $231,000 and $309,000 were used to pay
Liberty Plan expenses during 2007 and 2006, respectively. Unused forfeitures
aggregated $195,000 and $41,000 at December 31, 2007 and 2006,
respectively.
Investment Options
As of December 31, 2007, the Liberty Plan has
various investment options including 12 mutual funds and three unitized stock
funds. The mutual funds include money market, bond and domestic and
international stock funds. The stock funds range from small to large cap funds
and include growth and value funds. The Liberty Plan also provides seven asset
allocation funds based on target retirement dates. In addition, during 2007 the
Liberty Plan began to offer a brokerage option, Brokeragelink, whereby
participants can elect to invest in publicly traded stocks and mutual funds not
offered directly by the Liberty Plan. A complete list of investment options can
be found on Schedule 1 to this Annual Report on Form 11-K. Plan
participants may change investment options and contribution percentages on a daily
basis for all vested account balances.
Benefit Payments
Distributions from the Liberty Plan may be made to a
participant upon attaining the age of 59-1/2, death, total disability,
financial hardship or termination of employment. Distributions and other
withdrawals are processed on a daily basis.
Vesting
Participant contributions are always fully vested. Participants
acquire a vested right in employer matching contributions, other than employer
contributions transferred from other plans, as follows:
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Vesting
|
|
Years of service
|
|
percentage
|
|
|
|
|
|
Less than 1
|
|
0
|
%
|
1 year
|
|
33
|
%
|
2 years
|
|
66
|
%
|
3 years
|
|
100
|
%
|
8
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Notes to Financial
Statements
Employer matching contributions transferred from other
plans vest according to the terms specified in the transferor plans.
Plan Termination
Although Liberty has not expressed any intent to
terminate the Liberty Plan, it may do so at any time, subject to the provisions
of ERISA. The Liberty Plan provides for full and immediate vesting of all
participant rights upon termination of the Liberty Plan.
Effective April 4, 2007, and as a result of a
sale of On Command Corporation, a subsidiary of Liberty, a partial plan
termination occurred. In connection therewith, employees of On Command
Corporation, who were active participants in the Liberty Plan on April 4,
2007 became fully vested in their employer contributions upon the partial plan
termination.
Risks and Uncertainties
The Liberty Plan invests in various investment
securities. Investment securities are exposed to various risks such as interest
rate, market, and credit risks. Due to the level of risk associated with
certain investment securities, it is at least reasonably possible that changes
in the values of investment securities will occur in the near term and that
such changes could materially affect participants account balances and the
amounts reported in the statement of net assets available for participant
benefits.
The Liberty Plan has concentrations of investments in
the Liberty Capital Stock Fund and the Liberty Interactive Stock Fund. Changes
in the values of the Liberty Capital Stock Fund and the Liberty Interactive
Stock Fund could materially impact the net assets available for participant
benefits due to these concentrations.
(3)
Investments
The fair value of individual investments that
represent 5% or more of the Liberty Plans net assets at December 31, 2007
and 2006 are as follows:
|
|
Fair value at
|
|
|
|
December 31,
|
|
Investment
|
|
2007
|
|
2006
|
|
|
|
amounts in thousands
|
|
|
|
|
|
|
|
Liberty Capital
Stock Fund
|
|
$
|
16,972
|
|
17,246
|
|
Liberty
Interactive Stock Fund
|
|
$
|
13,436
|
|
18,922
|
|
Liberty Global
Stock Fund
|
|
$
|
|
|
8,195
|
|
Templeton
Foreign A
|
|
$
|
6,944
|
|
|
|
Spartan US
Equity Index
|
|
$
|
8,986
|
|
8,626
|
|
Fidelity Equity
Income
|
|
$
|
8,907
|
|
8,758
|
|
Fidelity
Retirement Money Market Account
|
|
$
|
7,036
|
|
5,634
|
|
Baron Growth
Fund
|
|
$
|
7,604
|
|
6,595
|
|
Spartan
International Index Fund
|
|
$
|
11,069
|
|
|
|
9
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Notes to Financial
Statements
During the years ended December 31,
2007 and 2006, the Liberty Plans investments (including gains and losses on
investments bought and sold, as well as held during the year) appreciated in
value as follows:
|
|
Year ended December 31,
|
|
|
|
2007
|
|
2006
|
|
|
|
amounts in thousands
|
|
|
|
|
|
|
|
Liberty Media
Stock Fund
|
|
$
|
|
|
3,461
|
|
Liberty Capital
Stock Fund
|
|
3,303
|
|
2,786
|
|
Liberty
Interactive Stock Fund
|
|
(1,231
|
)
|
2,238
|
|
Liberty Global
Stock Fund
|
|
2,132
|
|
1,868
|
|
Discovery
Holding Stock Fund
|
|
2,347
|
|
244
|
|
Mutual funds and
Brokeragelink accounts
|
|
(1,187
|
)
|
4,035
|
|
|
|
$
|
5,364
|
|
14,632
|
|
(4)
Related Party
Transactions
Certain plan investments are shares of registered
investment companies managed by the Trustee. Therefore, these transactions
qualify as party-in-interest.
(5)
Subsequent
Event
On March 3, 2008, New Liberty completed a
reclassification of its Liberty Capital common stock whereby each share of Series A
Liberty Capital common stock was reclassified as one share of the reclassified Series A
Liberty Capital common stock and four shares of the new Series A Liberty
Entertainment common stock.
(6)
Nonexempt
Transactions
During 2007 the Liberty Plan did not deposit certain
employee contributions on a timely basis as required by ERISA. Such untimely
deposits are deemed to be a loan with a party in interest and are prohibited
under Section 406(a) of ERISA. Employee contributions deposited
untimely amounted to $148,170 and resulted in lost earnings of $5,338. Liberty
has made additional contributions to credit these lost earnings to participant
accounts.
10
Schedule
1
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Schedule H, Line 4i -
Schedule of Assets (Held at End of Year)
December 31, 2007
Identity of
|
|
Description of investment
|
|
|
|
issue
|
|
including par value
|
|
Fair value
|
|
|
|
|
|
amounts in thousands
|
|
|
|
|
|
|
|
Liberty Capital Stock Fund
|
|
Series A
common stock, par value $0.01 per share (historical cost basis $11,618,431)
|
|
$
|
16,731
|
|
|
|
Cash and cash
equivalents and other pending transactions
|
|
241
|
|
|
|
|
|
16,972
|
|
|
|
|
|
|
|
Liberty Interactive Stock Fund
|
|
Series A
common stock, par value $0.01 per share (historical cost basis $12,978,332)
|
|
13,317
|
|
|
|
Cash and cash
equivalents and other pending transactions
|
|
119
|
|
|
|
|
|
13,436
|
|
|
|
|
|
|
|
Discovery Holding Stock Fund
|
|
Series A
common stock, par value $0.01 per share (historical cost basis - $3,101,084)
|
|
4,988
|
|
|
|
Cash and cash
equivalents and other pending transactions
|
|
167
|
|
|
|
|
|
5,155
|
|
|
|
|
|
|
|
Templeton Foreign A
|
|
Mutual fund
|
|
6,944
|
|
|
|
|
|
|
|
Spartan US Equity Index
|
|
Mutual fund
|
|
8,986
|
|
|
|
|
|
|
|
Spartan International Index Fund
|
|
Mutual fund
|
|
11,069
|
|
|
|
|
|
|
|
PIMCO High Yield
Fund Administrative Class
|
|
Mutual fund
|
|
2,035
|
|
|
|
|
|
|
|
ALLIANZ NFJ Small Cap Value
|
|
Mutual fund
|
|
4,395
|
|
|
|
|
|
|
|
Baron Growth Fund
|
|
Mutual fund
|
|
7,604
|
|
|
|
|
|
|
|
Davis NY Venture A
|
|
Mutual fund
|
|
2,856
|
|
|
|
|
|
|
|
Fidelity Retirement Money Market Account
|
|
Mutual fund
|
|
7,036
|
|
|
|
|
|
|
|
Fidelity Equity Income
|
|
Mutual fund
|
|
8,907
|
|
|
|
|
|
|
|
Fidelity Investment Grade Bond
|
|
Mutual fund
|
|
4,095
|
|
|
|
|
|
|
|
Fidelity Blue Chip Growth Fund
|
|
Mutual fund
|
|
3,033
|
|
|
|
|
|
|
|
Fidelity Low-Priced Stock Fund
|
|
Mutual fund
|
|
3,995
|
|
|
|
|
|
|
|
Fidelity Freedom Income Fund
|
|
Mutual fund
|
|
348
|
|
|
|
|
|
|
|
Fidelity Freedom 2000 Fund
|
|
Mutual fund
|
|
238
|
|
|
|
|
|
|
|
Fidelity Freedom 2010 Fund
|
|
Mutual fund
|
|
1,486
|
|
|
|
|
|
|
|
Fidelity Freedom 2020 Fund
|
|
Mutual fund
|
|
3,829
|
|
|
|
|
|
|
|
Fidelity Freedom 2030 Fund
|
|
Mutual fund
|
|
3,648
|
|
|
|
|
|
|
|
Fidelity Freedom 2040 Fund
|
|
Mutual fund
|
|
2,391
|
|
|
|
|
|
|
|
Fidelity Freedom 2050 Fund
|
|
Mutual fund
|
|
119
|
|
|
|
|
|
|
|
Brokeragelink accounts
|
|
Brokerage option
|
|
1,478
|
|
|
|
|
|
|
|
Participant loans
|
|
Interest rates
ranging from 5% to 9.25% with maturity dates through December, 2012
|
|
1,158
|
|
|
|
|
|
|
|
|
|
|
|
$
|
121,213
|
|
All investments
are held by Fidelity Management Trust Company, Inc., which is a
party-in-interest to the Liberty Plan.
Liberty Media LLC is the plan sponsor, which is a party-in-interest to
the Liberty Plan.
See accompanying report of independent registered public accounting
firm.
11
Schedule 2
LIBERTY MEDIA 401(k) SAVINGS
PLAN
Schedule H, Line 4a
Schedule of Delinquent Participant Contributions
Year ended December, 31,
2007
|
|
(b)
|
|
|
|
|
|
|
|
|
|
Relationship to
|
|
|
|
|
|
|
|
(a)
|
|
plan, employer,
|
|
(c)
|
|
(d)
|
|
(e)
|
|
Identity of
|
|
or other
|
|
Description of transactions,
|
|
Amount on
|
|
Lost
|
|
party involved
|
|
party-in-interest
|
|
including rate of interest
|
|
line 4a
|
|
earnings
|
|
|
|
|
|
|
|
|
|
|
|
Liberty Media
LLC
|
|
Plan sponsor
|
|
2007 employee
deferrals and loan repayments not deposited to the Liberty Plan in a timely
manner.
|
|
$
|
148,170
|
|
$
|
5,338
|
|
|
|
|
|
|
|
|
|
|
|
|
|
It was noted that there were unintentional delays by
Liberty in submitting 2007 employee deferrals and loan repayments to the
trustee. Lost earnings and contributions were contributed to the Liberty Plan
in 2007.
See accompanying report of independent registered public accounting
firm.
12
EXHIBIT
INDEX
Shown below are the exhibits which are filed or furnished as a part of
this Report -
23-Consent of KPMG LLP
13
Liberty Media Corp. - Liberty Cap Class A Common Stock (MM) (NASDAQ:LCAPA)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Liberty Media Corp. - Liberty Cap Class A Common Stock (MM) (NASDAQ:LCAPA)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024