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Short Take: Liberty Media invests in iSky

Liberty Media, an AT&T-controlled cable television programming company, has invested in iSky, a consumer satellite data provider, as part of a $50 million second round of funding. Venture capital firm Kleiner Perkins Caufield & Byers and TV Guide also provided funding, though both already were investors. TV Guide will own 19 percent of iSky, while Kleiner owns 18 percent and Liberty holds a 17 percent stake. iSky, formerly KaStar, plans to offer its high-speed Net access service in late 2001.

Liberty Media, an AT&T-controlled cable television programming company, has invested in iSky, a consumer satellite data provider, as part of a $50 million second round of funding. Venture capital firm Kleiner Perkins Caufield & Byers and TV Guide also provided funding, though both already were investors. TV Guide will own 19 percent of iSky, while Kleiner owns 18 percent and Liberty holds a 17 percent stake. iSky, formerly KaStar, plans to offer its high-speed Net access service in late 2001.