Form 4 MALONE JOHN C For: Jul 15 (10K)

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MALONE JOHN C

(Last)

(First)

(Middle)

12300 LIBERTY BLVD.

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LIBERTY MEDIA CORP [LINTA]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Liberty Interactive Common Stock	07/15/2009		S⁽¹⁾		47,500	D	$ 5.738 ⁽²⁾ ⁽⁴⁾	2,562,284	D
Series A Liberty Interactive Common Stock	07/16/2009		S⁽¹⁾		2,500	D	$ 5.889 ⁽³⁾ ⁽⁴⁾	2,559,784	D
Series A Liberty Interactive Common Stock								376,260 ⁽⁵⁾	I	By Spouse
Series A Liberty Interactive Common Stock								1,000,825	I	By Trust ⁽⁶⁾
Series A Liberty Interactive Common Stock								7,652 ⁽⁷⁾	I	By 401(k) Savings Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2009.

2. The price reflects a weighted average of sales made at prices ranging from $5.50 to $5.81.

3. The price reflects a weighted average of sales made at prices ranging from $5.74 to $5.99.

4. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.

5. The Reporting Person disclaims beneficial ownership of these shares owned by his spouse.

6. The Reporting Person is the sole trustee of and, with his spouse, retains a unitrust interest in the trust.

7. The number of shares represents equivalent shares based on the fair market value of the shares of Series A Liberty Interactive common stock held by the unitized stock fund under the Issuer's 401(k) Savings Plan based on a report from the Plan Administrator dated as of June 30, 2009. The Reporting Person has an interest in the unitized fund, which holds shares of the Issuer's Series A Liberty Interactive common stock, Series A Liberty Capital common stock, Series A Liberty Entertainment common stock and short-term investments.

	/s/ Craig Troyer, Attorney-in-fact	07/17/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

POWER OF ATTORNEY


Know all by these presents, that the undersigned
hereby constitutes and appoints each of Charles Y.
Tanabe, Maureen Sturgeon, Craig Troyer,and 
Debra A. Anderssen, signing singly, the undersigned's
true and lawful attorney-in-fact to:
       
1. Execute for and on behalf of the undersigned a Form 4
in accordance with Section 16(a) of the Securities 
Exchange Act of 1934 and the rules thereunder; and

2. Do and perform any and all acts for and on behalf of 
the undersigned which may be necessary or desirable to 
complete and execute any such Form 4, complete and execute 
any amendment or amendments thereto, and timely file such 
form with the United States Securities and Exchange 
Commission and any stock exchange or similar authority.

The undersigned hereby grants to each such attorney-in-fact 
full power and authority to do and perform any and every act 
and thing whatsoever requisite, necessary, or proper to be 
done in the exercise of any of the rights and powers herein 
granted, as fully to all intents and purposes as the 
undersigned might or could do if personally present, 
with full power of substitution or revocation, hereby 
ratifying and confirming all that such attorney-in-fact, 
or such attorney-in-fact's substitute or substitutes, 
shall lawfully do or cause to be done by virtue of this 
power of attorney and the rights and powers herein granted.  
The undersigned acknowledges that the foregoing 
attorneys-in-fact, in serving in such capacity at 
the request of the undersigned, are not assuming, 
nor is Liberty Media Corporation ("Liberty") assuming, 
any of the undersigned's responsibilities to comply 
with Section 16 of the Securities Act of 1934, and the 
undersigned agrees to indemnify and hold harmless each of 
the attorneys-in-fact from any liability or expense based 
on or arising from any action taken pursuant to this Power 
of Attorney.
       
The attorneys-in fact have the right to request that the 
undersigned provide as soon as  possible written confirmation 
of the transaction and the signing and filing of a Form 4 on 
behalf of the undersigned.
       
This Power of Attorney shall remain in full force and effect 
until the undersigned is no longer required to File Form 4 with 
respect to the undersigned's holdings of and transactions in 
securities issued by Liberty, unless earlier revoked by the 
undersigned in a signed writing delivered to the foregoing 
attorneys-in-fact.
       
IN WITNESS WHEREOF, the undersigned has caused this Power of 
Attorney to be executed as of this 22nd day of January, 2007.
       
       
       
/s/ John C. Malone
Signature
       
John C. Malone
Print Name

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