SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   ----------

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                         Date of Report: MARCH 26, 2003
                 Date of Earliest Event Reported: MARCH 25, 2003

                            LIBERTY MEDIA CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

                                    DELAWARE
                 (State or Other Jurisdiction of Incorporation)

          0-20421                                    84-1288730
   (Commission File Number)            (I.R.S. Employer Identification No.)

                               12300 LIBERTY BLVD.
                            ENGLEWOOD, COLORADO 80112
          (Address of principal executive offices, including zip code)

       Registrant's telephone number, including area code: (720) 875-5400



ITEM 9. REGULATION FD DISCLOSURE; ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL
CONDITION

On March 25, 2003, Liberty Media Corporation (the "Company") issued a press
release (the "Press Release") setting forth supplemental financial information
regarding the Company's results of operations and financial condition for the
fourth quarter of 2002. The Press Release supplements information contained in
the Company's Form 10-K for the year ended December 31, 2002, which was filed
with the Securities and Exchange Commission (the "SEC") on March 25, 2003. The
information included in the Press Release is not meant to serve as a release of
financial results of the Company. The Press Release also includes certain
guidance for 2003.

This Form 8-K and the Press Release attached hereto as an Exhibit 99.1 are
being furnished to the SEC under Item 9 of Form 8-K in satisfaction of the
public disclosure requirements of Regulation FD. This Form 8-K and the Press
Release, insofar as they disclose historical information regarding Liberty's
results of operations or financial condition for the fourth quarter of 2003,
are also being furnished to the SEC under Item 12 of Form 8-K.




                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

Date: March 26, 2003

                                     LIBERTY MEDIA CORPORATION


                                     By:  /s/ Christopher W. Shean
                                          ----------------------------
                                          Name:  Christopher W. Shean
                                          Title: Senior Vice President
                                                     and Controller