The Liberty Corporation (Public NYSE:LC) was a media corporation originally based out of Greenville, South Carolina. At its peak, The Liberty Corporation owned 15 network-affiliated television stations across the Midwest and Southern regions of the United States. On top of that, cable advertising sales group CableVantage Inc., video production facility Take Ten Productions and broadcast equipment distributor Broadcast Merchandising Corporation were also some of its assets.
The company formerly held Liberty Life Insurance Company and Pierce National Life Insurance Company, which it sold in 2000 to Royal Bank of Canada.
After the sale of its insurance division, the company employed approximately 1,400 people. The executive officers included chairman and CEO W. Hayne Hipp (who, with his family, owned about 25% of the company before its sale to Raycom Media), president and COO James M. Keelor, CFO Howard L. Schrott.
In August 2005, Liberty agreed to be bought out by Raycom Media. Raycom paid $987 million, or $47.35 per Liberty share, and assumed Liberty's debts of approximately $110 million in the buyout. The acquisition was completed in February 2006; After the closing of the purchase of Liberty, Raycom sold a number of stations, including two from the Liberty portfolio. They included ABC WWAY-TV in Wilmington, North Carolina to Morris Multimedia and CBS affiliate KGBT-TV in Harlingen-McAllen-Brownsville, Texas to Barrington Broadcasting.

CEO

Michael Fries

Chairman of the Board

John Malone

Director

John Dick

Director

Paul Gould

Director

J. Sparkman

Director

John Cole

Director

Larry Romrell

Director

Richard Green

Director

Miranda Curtis

Director

David Rapley

Director

David Wargo

CFO

Bernard Dvorak

Co-CFO

Charles Bracken

UPC Broadband

Gene Musselman
Latin America & VTR GlobalCom

MR
Strategy

SO

CTO

Balan Nair
Legal & Secretary

EM
Human Resources

AB

Investor Relations & Communi...

FW

Programming

RL

American Association of Retired Persons (AARP) is the currently the country’s eminent organization for people of the 50 and beyond. It attends to their various needs and concerns through systematic information and education support service coupled with efficient community activities and programs. All these are further provided by colligated network of present local chapters within districts and pulled off by volunteers throughout the country. AARP also offers its members a wide range of extra welfare services and benefits, including their own Modern Maturity magazine and the monthly Bulletin.

further defines American Association of Retired Persons, (AARP) as a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Andrus as American Association of Retired Persons, AARP now has over 30 million members, enabling it to act as a powerful advocate for older Americans on public policy issues such as social security and health care. AARP also distributes information on topics of interest to its members, sponsors community-service programs, and provides various services to its members. It publishes Modern Maturity and My Generation magazines and a members' bulletin. 1

The organization is a tax-exempt group which garners federal monetary resource, at about $86 million annually, from direct grants for such programs as tax counseling for the elderly to providing jobs for seniors under the "Senior Environmental Employment Program." Simpson rightfully raised the question over the use of a non-profit status for a group which makes millions selling its members medicine, insurance, and other products.
 
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