UNITED STATES
                       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 (date of earliest event reported): AUGUST 4, 2005


                            LIBERTY MEDIA CORPORATION
             (Exact name of registrant as specified in its charter)


            DELAWARE                   0-20421               84-1288730
(State or other jurisdiction of      (Commission          (I.R.S. Employer
 incorporation or organization)      File Number)        Identification No.)


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


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

          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

/ / Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)
/ / Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)
/ / Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))
/ / Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))



ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On August 4, 2005, Liberty Media Corporation (the "Company") issued a press
release (the "Press Release") setting forth information, including financial
information regarding certain of its privately held assets, which supplements
the financial statements and related Management's Discussion and Analysis of
Financial Condition and Results of Operations contained in the Company's
Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, which was
filed with the Securities and Exchange Commission (the "SEC") on August 5, 2005.
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 2005.

This Form 8-K and the Press Release attached hereto as Exhibit 99.1, insofar as
they disclose historical information regarding Liberty's results of operations
or financial condition for the quarter ended June 30, 2005, are being furnished
to the SEC under Item 2.02 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: August 5, 2005

                                         LIBERTY MEDIA CORPORATION


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