Building Value, not Empires: Mike Fries, CEO of Liberty Global, named Ernst & Young National Entrepreneur Of The Year® 2012

Building Value, not Empires: Mike Fries, CEO of Liberty Global, named Ernst &
    Young National Entrepreneur Of The Year® 2012 Media, Entertainment and
                        Communications Category Winner

Fries honored for pushing the envelope by expanding into unchartered markets
and fueling company growth through innovative methods

PR Newswire

NEW YORK, Nov. 18, 2012

NEW YORK, Nov. 18, 2012 /PRNewswire/ --Mike Fries, CEO of Liberty Global, 
was named the Ernst & Young National Entrepreneur Of The Year^® 2012 Media,
Entertainment and Communications Category Award winner. Ernst & Young's
Entrepreneur Of The Year is the country's most prestigious business award for
entrepreneurs. The award encourages entrepreneurial activity and recognizes
leaders and visionaries who demonstrate innovation, financial success and
personal commitment as they create and build world-class businesses.

Fries was recognized for his foresight and ability to expand the company into
regions of the world not yet explored by other cable providers and in which
nine million homes are still watching analog television. It was Fries'
critical leadership that helped create a global organization that generated
$10 billion in revenues, has 20 million customers and operates in 13
countries. Liberty Global (LGI) is currently the second largest cable TV
company in the world, behind Comcast. Fries was honored at the Entrepreneur Of
The Year Awards gala, the culminating event of the Ernst & Young Strategic
Growth Forum^® in Palm Springs, Calif. The Forum is the nation's premier
gathering of high-growth, market-leading companies. Awards were given in nine
additional categories. The Ernst & Young Entrepreneur Of The Year Award
winners were selected by an independent panel of judges from 244 regional
award recipients.

"Mike Fries is the visionary behind the leading cable company, employing more
than 21,000 people and connecting 13 countries with the digital world," said
Bryan Pearce, Americas Director, Entrepreneur Of The Year, Ernst & Young LLP.
"With a laser focus on innovation, Fries continues to enhance Liberty Global's
Internet, voice and video services, bringing an amazing entertainment
experience as well as simplicity to societies across the globe." 

The right to free media

LGI was born in 1989 and Fries' first job was to travel the globe, drum up new
business opportunities and lead the company's first deals. In 1990, he found
himself driving around rural Hungary in meetings with local officials. He was
beaming presentations intended to teach communists about profit and value
creation onto the walls of ranches and town halls. The fall of communism had
given local governments network systems and rights that they didn't know how
to use. Mike was there with a solution, and the result was the launch of the
first international cable network, HBO Hungary.

LGI's success, driven by Fries, can be measured by the fact that it has
connected many different countries to the digital world, enabling them to
discover and experience its endless possibilities. Nearly all of the countries
he's connected have disparate linguistic, cultural, political and regulatory
challenges. Entering markets under great stress or scrutiny was a feat in
itself, and achieving success in them is a challenge most companies would not
have been able to navigate.

Building value, not empires

Fries works diligently to foster a culture of creativity and innovation at all
levels within LGI. Fries chairs a Strategy Lab where key executives debate and
analyze ideas on new services, new products and disruptive technologies. LGI
also recently launched an innovation portal called

"Spark" where all employees are encouraged to contribute their own ideas.
Fries tries to develop a space for personal growth and expression in the
workplace. He recently championed the launch of a year-long leadership
session, "Fast Forward," which focuses on developing the company's next
generation of leaders. Forty young leaders within the company are invited to
meet with members of LGI leadership and cable industry pioneers to work
together to tackle some of the company's most challenging business

The time between 2001 and 2004 played a crucial role in creating LGI's unique
corporate culture. As Fries says, "We're entrepreneurial, period. Lean, fast
– a 'family' venture." To reinforce this family feeling, he's currently
working to revitalize a shared company vision around the globe, fostering a
culture of communication and cooperation across borders. The branded campaign,
"One Company," also includes high-energy town hall meetings led by Fries
across operations, engaging employees by helping them understand the company's
vision, strategies and products and interacting through Q&A.

National Entrepreneur Of The Year 2012 Media Entertainment and Communications

In addition to Fries, the Ernst & Young National Entrepreneur Of The Year 
Media, Entertainment and Communications finalists were: Tim Sullivan, CEO,, based in Provo, Utah,is the world's largest online collection of
family history records and resources, giving individuals of many ages, races
and backgrounds chapters of their own authentic, unique family stories; Tom
Bedecarre, CEO, AKQA, based in San Francisco, Calif., is one of the world's
most respected ad agencies helping global brands win in the digital age by
bringing ideas and innovation to the most forward-thinking companies; Bob
Brisco, CEO and Director, Internet Brands, Inc., based in El Segundo, Calif.,
is a new media company that operates online media, community and e-commerce
sites in vertical markets. The company also develops and licenses internet
software and social media applications.

National Entrepreneur Of The Year^® 2012 Overall Award winner

Hamdi Ulukaya, Founder of Chobani, was named the Ernst & Young National
Entrepreneur Of The Year^® 2012 Overall Award winner.

Video and photos

To view video clips of all of the Entrepreneur Of The Year winners, please
visit Photos of the winners are also available by request.


Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards
are nationally sponsored in the United States by SAP America and the Ewing
Marion Kauffman Foundation.

About Ernst & Young's Entrepreneur Of The Year

Ernst & Young's Entrepreneur Of The Year is the world's most prestigious
business award for entrepreneurs. The unique award makes a difference through
the way it encourages entrepreneurial activity among those with potential and
recognizes the contribution of people who inspire others with their vision,
leadership and achievement. As the first and only truly global award of its
kind, Entrepreneur Of The Year celebrates those who are building and leading
successful, growing and dynamic businesses, recognizing them through regional,
national and global awards programs in more than 140 cities in 50 countries.

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