Liberty Media Corporation is a holding company, which, through its subsidiaries is engaged in the video and on-line commerce, media, communications and entertainment industries. The Company operates in North America, South America, Europe and Asia. Its principal businesses and assets include QVC, Inc. and Starz, LLC and interests in The DIRECTV Group, Inc. and Expedia, Inc. It acquired RedEnvelope and Celebrate Express. Its subsidiaries include HSN, Inc., Interval Leisure Group, Inc., Ticketmaster Entertainment, Inc. and Tree.com, Inc., QVC, Inc., Expedia, Inc., Starz Entertainment, LLC, The DIRECTV Group, Inc., Starz Media, LLC, Time Warner Inc., Backcountry.com, Inc., Bodybuilding.com,LLC, PicksPal, Inc., Game Show Network, LLC, Leisure Arts, Inc., and WFRV and WJMN Television Station, Inc.