Liberty Corporation - Specimen Stock Certificate
Inv# SE1670 Stock
Specimen Stock printed by American Bank Note Company. Available in Red, Blue or Orange. Please specify color. The Liberty Corporation was a media company that was initially located in Greenville, South Carolina. At its height, Liberty owned 15 television stations affiliated with networks throughout the Midwest and Southern parts of the United States. Among its assets were the cable advertising sales group CableVantage Inc., the video production facility Take Ten Productions, and the broadcast equipment distributor Broadcast Merchandising Corporation. Liberty was established in 1919 when W. Frank Hipp, a former leading agent at Southeastern Life Insurance Company based in Spartanburg, decided to venture out independently. Within ten years, Liberty had expanded sufficiently to acquire his previous employer. The company entered the broadcasting sector in 1930 by purchasing WIS in Columbia, marking the beginning of what would later be known as the Broadcasting Company of the South, which was renamed Cosmos Broadcasting in 1965. Under the leadership of Francis Hipp, who took over from his father in 1943, Liberty restructured as a holding company, The Liberty Corporation, in 1967.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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