Liberty Media okays up to $1 bln share repurchase

LOS ANGELES, March 10 (Reuters) - Liberty Media Corp (LINTA.O: Quote, Profile, Research) said on Monday its board of directors has authorized the repurchase of up to $1 billion of Liberty Entertainment common stock and up to $300 million of Liberty Capital common stock.

This authorization replaces the prior repurchase authorization of Liberty Capital common stock. The existing Liberty Interactive repurchase authorization remains in effect. (Reporting by Gina Keating)