FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses)	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	OMB APPROVAL
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1FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., ~~Name~~PUTS, ~~and~~CALLS, ~~Address~~WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of ~~Reporting~~Derivative ~~Person~~Security *2. ~~Malone,~~Conver- ~~John~~3. CTrans- 3A. Deemed 4. Transac- 5. Number of Deriv- 6. Date Exer- (~~Last~~Instr. 3) sion or action Execution tion Code ative Securities Ac- cisable and Ex- Exercise Date Date, (~~First~~Instr. 8) quired (~~Middle~~A) ~~c/o~~or ~~Liberty~~Dis- ~~Media~~piration ~~Corporation~~Date ~~12300~~Price ~~Liberty~~of ~~Boulevard~~(Month/ if any posed of (~~Street~~D) ~~Englewood,~~(Month/Day/ CODeriv- ~~80112~~Day/ (~~City~~Month/ (Instr. 3, 4, and 5) Year) ative Year) Day/ Security Year) -------------------------------------- ---------------- Date Expira- Exer- tion Code V (~~State~~A) (~~Zip~~D) cisable Date ----------------------------------------------------------------------------------------------------------------------------------- Subscription Rights $6.00 11/27/02 X 102,335 10/31/02 12/02/02 ----------------------------------------------------------------------------------------------------------------------------------- Subscription Rights $6.00 11/27/02 X 2,853,063 10/31/02 12/02/02 ----------------------------------------------------------------------------------------------------------------------------------- Subscription Rights $6.00 ~~Issuer~~11/27/02 ~~Name~~X ~~and~~933,862 ~~Ticker~~10/31/02 or12/02/02 ~~Trading~~----------------------------------------------------------------------------------------------------------------------------------- ~~Symbol~~Subscription ~~Liberty~~Rights ~~Media~~$6.00 ~~Corporation~~11/27/02 LX 41,760 ~~LMC~~10/31/02 12/02/02 ----------------------------------------------------------------------------------------------------------------------------------- Subscription Rights $6.B00 11/27/02 X 311,288 ~~LMC~~10/31/02 12/02/02 ----------------------------------------------------------------------------------------------------------------------------------- Subscription Rights $6.RT00 11/27/02 X 485 10/31/02 12/02/02 ----------------------------------------------------------------------------------------------------------------------------------- Subscription Rights $6.00 11/27/02 X 20 10/31/02 12/02/02 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature of Underlying Securities Derivative Derivative Form of Indirect (Instr. 3 and 4) Security Securities Derivative Beneficial (Instr. 5) Beneficially Securities: Ownership Owned Direct (D) or (Instr. 4) Following Indirect (I) Reported (Instr.R 4) Transaction(s) ----------------------- (Instr.S. ~~Identification~~4) Title Amount or Number of ~~Reporting~~Shares ~~Person~~----------------------------------------------------------------------------------------------- Series A Common Stock 102,335 if--0-- anD ~~entity~~----------------------------------------------------------------------------------------------- Series A Common Stock 2,853,063 --0-- I (~~voluntary~~1)(7) 4.----------------------------------------------------------------------------------------------- ~~Statement~~Series ~~for~~A Common Stock 933,862 --0-- I (~~Month/Day/Year~~2)(7) ~~November~~----------------------------------------------------------------------------------------------- 25Series A Common Stock 41,760 ~~2002~~--0-- I (3)(7) ----------------------------------------------------------------------------------------------- Series A Common Stock 311,288 --0-- I (4) ----------------------------------------------------------------------------------------------- Series A Common Stock 485 --0-- I (5) ----------------------------------------------------------------------------------------------- Series A Common Stock 20 --0-- D (6) ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- Explanation of Responses: (1) As the co-personal representative of the Estate of Bob Magness. If(2) ~~Amendment~~By Magness Securities, ~~Date~~LLC. of(3) ~~Original~~By Magness FT Investment Company, LLC. (~~Month/Day/Year~~4) 6By GMag, LLC. ~~Relationship~~(5) ofBy Reporting Person's daughter. (6) Owned jointly with Reporting Person's wife. (7) Pursuant to ~~Issuer~~General Instruction 4(~~Check~~b)(iv) ~~all~~to ~~applicable)~~Form X4, ~~Director~~the XReporting 10Person is reporting the exercise of subscription rights held by Magness Securities, LLC and Magness FT Investment Company, LLC and the corresponding acquisition of Series A Common Stock. However, since the Reporting Person only holds a 33% ~~Owner~~membership Xinterest ~~Officer~~in ~~(give~~Magness ~~title~~Securities, ~~below)~~LLC ~~Other~~and ~~(specify~~a ~~below)~~50% ~~Chairman~~interest in Magness FT investment Company, LLC, the Reporting Person disclaims beneficial ownership in such rights and Series A Common Stock except to the extent of his pecuniary interest therein. As co-personal representative of the ~~Board~~Estate 7of Bob Magness the reporting person is reporting the exercise of subscription rights held by the Estate of Bob Magness and the corresponding acquisition of Series A Common Stock. ~~Individual~~The orReporting ~~Joint~~Person disclaims beneficial ownership in such rights and Series A Common Stock except to the extent of his pecuniary interest therein. /~~Group~~s/ ~~Filing~~Raymond ~~(Check~~L. ~~Applicable~~Sutton ~~Line)~~12/2/02 X------------------------------------- ~~Form~~--------- ~~filed~~Raymond byL. ~~One~~Sutton as Attorney-in-Fact Date for Gary Magness **Signature of Reporting Person ~~Form~~Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by ~~More~~more than ~~One~~one ~~Reporting~~reporting ~~Person~~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. HTTP://WWW.SEC.GOV/DIVISION/CORPFIN/FORMS/FORM.HTM LAST UPDATE: 09/05/2002

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)
			Code	V	Amount	(A) or (D)	Price
Series A Common Stock	11/25/02		X		13	A	$6.00 per share		D
Series A Common Stock	11/27/02		X		781,096	A	$6.00 per share	10,714,116	D
Series A Common Stock	11/27/02		X		1,000,000	A	$6.00 per share	1,000,000	I	By GRAT
Series A Common Stock	11/27/02		X		1,000,000	A	$6.00 per share	1,000,000	I	By GRAT
Series A Common Stock	11/27/02		X		800,000	A	$6.00 per share	800,000	I	By GRAT
Series A Common Stock	11/27/02		X		800,000	A	$6.00 per share	800,000	I	By GRAT
Series A Common Stock	11/27/02		X		188,670	A	$6.00 per share	1,495,969	I	By spouse (fn1)
Series A Common Stock								784,146	I	By 401(k) Savings Plan (fn2)

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 Securities: 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

Subscription Rights (right to buy) (fn3)

$6.00

11/25/02

Immed.

12/2/02

Series A Common Stock

Subscription Rights (right to buy) (fn3)

$6.00

11/27/02

781,096

Immed.

12/2/02

Series A Common Stock

781,096

Subscription Rights (right to buy) (fn3)

$6.00

11/27/02

1,000,000

Immed.

12/2/02

Series A Common Stock

1,000,000

By GRAT

Subscription Rights (right to buy) (fn3)

$6.00

11/27/02

1,000,000

Immed.

12/2/02

Series A Common Stock

1,000,000

By GRAT

Subscription Rights (right to buy) (fn3)

$6.00

11/27/02

800,000

Immed.

12/2/02

Series A Common Stock

800,000

By GRAT

Subscription Rights (right to buy) (fn3)

$6.00

11/27/02

800,000

Immed.

12/2/02

Series A Common Stock

800,000

By GRAT

Subscription Rights (right to buy) (fn3)

$6.00

11/27/02

188,670

Immed.

12/2/02

Series A Common Stock

188,670

By spouse (fn1)

Explanation of Responses: (fn1) The reporting person has disclaimed beneficial ownership of these shares of the Issuer’s Series A Common Stock and Subscription Rights owned by his spouse. (fn2) Between 7/27/01 and 9/30/02 the reporting person acquired 49,067 shares of the Issuer’s Series A Common Stock under the Issuer’s 401(k) Savings Plan. The information in this filing is based on a report from the Plan Administrator as of 9/30/02. Participants in the Issuer’s 401(k) Savings Plan have the right to direct the vote and, in certain circumstances, the disposition of shares of Series A Common Stock held in the plan for the benefit of the participant. All of the shares held in the plan for the benefit of the reporting person are vested. (fn3) The rights offering is subject to termination or extension by Liberty Media Corporation at any time prior to consummation.

/s/ John C. Malone ** Signature of Reporting Person 11/27/02 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.

http://www.sec.gov/divisions/corpfin/forms/form4.htm

Last update: 09/05/2002

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