Englewood, Colo. - John Malone's Liberty Media Corp. (NASD: LINTA) on Monday announced that its board has authorized a plan to spin-off its Liberty Entertainment group, which holds a majority stake in DirecTV, GSN, Fun Technologies and Liberty Sports Holdings. "We believe a new asset-backed security will reduce the discount from fair value in our stock, thereby making it a more attractive currency, and will permit us to better pursue our strategic objectives," said Liberty Media president and CEO Greg Maffei.

Englewood, Colo. - Liberty Media (NASD: LINTA) announced on Wednesday that it plans to split off its Liberty Entertainment group, which includes the company's stakes in DirecTV, Starz, FUN Technologies, GSN, WildBlue Communications and Liberty Sports, into a separate public company.

Denver - Useful Networks, a unit of Liberty Media (NASD: LINTA) that develops location-based services for mobile phones, announced on Wednesday its acquisition of Canada-based KnowledgeWhere, a developer of location-aware mobile games, advertising and developer-enablement programs.

Los Angeles - Vongo, the Web video-on-demand service launched by Liberty Media's (NASD: LINTA) Starz unit back in 2006, is being shut down at the end of next month, according to a note on the website.

New York - Liberty Media (NASD: LINTA), the Colorado-based video and online commerce firm that owns QVC, would be open to exchanging its 2.8% stake in New York-based Time Warner (NYSE: TWX) for the dial-up Internet business of AOL, The Wall Street Journal reported on Tuesday. Liberty said that turning its Time Warner stake into a "cash-generating asset" would be "attractive," but added that no such deal is currently on the table.

Burbank, Calif. - Liberty Media's (NASD: LINTA) Starz Media said on Tuesday that it has added programming from Starz Entertainment and Manga Entertainment to Apple's (NASD: AAPL) iTunes Store. The company added shows including Starz's "Head Case" and "Hollywood Residential," as well as Manga's "Ghost in the Shell: Stand Alone Complex" and "Tokko."

Redwood City, Calif. - Video game developer and publisher Electronic Arts (NASD: ERTS) announced on Monday that it has partnered with Liberty Media's (NASD: LINTA) Starz Media unit to develop an animated movie prequel to its sci-fi game "Dead Space."

Englewood, Colo. - Liberty Media (NASD: LINTA), which owns interests in a broad range of media and entertainment companies, announced on Monday that it has acquired a controlling stake in Bodybuilding.com, a fitness site and retailer of sports nutrition products.

Toronto - John Malone's Liberty Media (NASD: LINTA) said on Friday that it will acquire Toronto-based FUN Technologies, a provider of online casual and fantasy sports games and sports information, in a deal valued at about $94 million.

Los Angeles - Manga Entertainment, a unit of Liberty Media's Starz Media, on Friday announced the launch of Manga.com, a site that will feature streaming video, product-related information and other editorial content on Japanese manga. The site will offer original entertainment, as well as clips from Manga Entertainment's library, which includes TV and movie titles such as "Ghost in the Shell," "Ninja Scroll" and "Street Fighter."