Satellite TV at heart of Liberty split

September 03, 2008 "Converting the Liberty Entertainment tracking stock to an asset-backed security will create a stronger currency and allow greater flexibility to pursue our strategic objectives," Liberty president and CEO Greg Maffei said. Liberty Entertainment houses an approximately 50% stake in DirecTV; Starz Entertainment; 50% of cable channel GSN; regional sports networks; online casual games firm Fun Technologies; and a 37% stake in satellite broadband provider WildBlue Communications. Liberty Media said its executive officers also will serve as the executives of Liberty Entertainment.

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