ENGLEWOOD, Colo., Dec. 23 /PRNewswire-FirstCall/ -- Liberty Media Corporation (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB) announced today that its Board of Directors has approved a new employment arrangement with President and CEO Gregory B. Maffei that will secure his services through 2014.

By Bloomberg, AP and Staff Reports Liberty Media Corp. says swapping its stake in Rupert Murdoch's News Corp. for an operating asset like DirecTV would be "attractive" and bolster Liberty's ability to distribute media content such as TV shows and movies.

Media conferences are great places for CEOs to strut their stuff and promote their companies. But it's the body language that tells what many of them are really thinking. And in the case of this week's UBS media conference in New York, the body language said that Rupert Murdoch's News Corp.

By Kimberly S. Johnson, The Denver Post Mar. 10--Douglas County-based Liberty Media may want to trade some of its Time Warner Inc. stock in exchange for some of Time Warner's assets. Liberty Media holds a 4 percent stake in New York-based media giant Time Warner, valued at $3.1 billion.

By Greg Griffin, The Denver Post Nov. 10--Greg Maffei got a call from his longtime friend John Malone about a month ago. The chairman of Liberty Media Corp. was looking for a chief executive and wondered if Maffei knew anyone for the job. Maffei, the chief financial officer at Oracle Corp.