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Exhibit 21

THE LIBERTY CORPORATION AND SUBSIDIARIES
LIST OF SUBSIDIARIES
DECEMBER 31, 2003

|                        |                                       |                                     |                     |                                     |                |                               |     |        |     |                            |  | 
|----------------------- | ------------------------------------- | ----------------------------------- | ------------------- | ----------------------------------- | -------------- | ----------------------------- | --- | ------ | --- | -------------------------- |  | 
|                        |                                       |                                     |                     |                                     |                |                               |     |        |     | Percentage of Voting Stock
|                        |                                       |                                     |                     |                                     |                |                               |     |        |     | Owned by Immediate        
|                        |                                       |                                     |                     |                                     |                | Jurisdiction of Incorporation |     | Parent
|                        |                                       |                                     |                     |                                     |                |                               |     |       
|The Liberty Corporation |                                       | South Carolina                      |                     |                                     |                |                              
|                        | Cosmos Broadcasting Corporation       |                                     | South Carolina      |                                     |                | 100                           |    
|                        |                                       | CableVantage Inc.                   |                     | South Carolina                      |                |                               | 100 |       
|                        |                                       | Broadcast Merchandising Corporation |                     | South Carolina                      |                |                               | 100 |       
|                        |                                       | Civic Communications Corporation II |                     | Delaware                            |                |                               | 100 |       
|                        |                                       |                                     | TV-3, Inc.          |                                     | Mississippi    |                               |     | 100    |    
|                        |                                       |                                     |                     | WLBT, Inc.                          |                | Mississippi                   |     |        | 100 |                           
|                        |                                       |                                     |                     | Civic License Holding Company, Inc. |                | Delaware                      |     |        | 100 |                           
|                        |                                       |                                     |                     | CivCo, Inc.                         |                | Nevada                        |     |        | 100 |                           
|                        |                                       | LibCo, Inc.                         |                     | Nevada                              |                |                               | 100 |       
|                        |                                       | WLOX, Inc.                          |                     | Mississippi                         |                |                               | 100 |       
|                        |                                       | Tall Tower, LLC                     |                     | Texas                               |                |                               | 50  |       
|                        | Exchange Place Corporation            |                                     | North Carolina      |                                     |                | 100                           |    
|                        | Greensboro Holdings, Inc.             |                                     | South Carolina      |                                     |                | 100                           |    
|                        | State National Title Guaranty Company |                                     | Louisiana           |                                     |                | 100                           |    
|                        | Special Services Corporation          |                                     | South Carolina      |                                     |                | 100                           |    
|                        | Hampton Insurance Agency, Inc.        |                                     | South Carolina      |                                     |                | 100                           |    
|                        | Bent Tree Corporation                 |                                     | Georgia             |                                     |                | 100                           |    
|                        | TLC Business Ventures, Inc.           |                                     | South Carolina      |                                     |                | 100                           |    
|                        | Liberty Properties Group, Inc.        |                                     | South Carolina      |                                     |                | 100                           |    
|                        |                                       | Commerce Center of Greenville, Inc. |                     | South Carolina                      |                |                               | 100 |       
|                        |                                       | LIBCO of Florida, Inc.              |                     | Florida                             |                |                               | 100 |       
|                        |                                       | LPC of S. C., Inc.                  |                     | South Carolina                      |                |                               | 100 |       
|                        |                                       |                                     | Johnson/Liberty LLC |                                     | South Carolina |                               |     | 36     |    
|                        | LibertyWest, Inc.                     |                                     | Nevada              |                                     |                | 100                           |    

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