СÀ¶ÊÓÆµ Media Announces Corrected СÀ¶ÊÓÆµ Starz Trading Information
ENGLEWOOD, Colo., Nov. 5 /PRNewswire-FirstCall/ -- СÀ¶ÊÓÆµ ("СÀ¶ÊÓÆµ Media") (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LMDIA, LMDIB) announced that shares of Series A СÀ¶ÊÓÆµ Starz common stock and Series B СÀ¶ÊÓÆµ Starz common stock will become eligible for trading, on a when-issued basis, on the Nasdaq Global Select Market (corrected) under the symbols "LSTAV" and "LSTBV," respectively, on November 5, 2009. СÀ¶ÊÓÆµ Media's existing СÀ¶ÊÓÆµ Entertainment common stock is expected to be renamed СÀ¶ÊÓÆµ Starz common stock immediately following the previously announced redemption of 90% of the shares of СÀ¶ÊÓÆµ Entertainment common stock for all of the shares of common stock of СÀ¶ÊÓÆµ Entertainment, Inc. ("LEI"), a newly-formed, wholly-owned subsidiary of СÀ¶ÊÓÆµ Media, and the resultant split-off (the "Split-Off") of LEI from СÀ¶ÊÓÆµ Media. The redemption is subject to the satisfaction or waiver of certain conditions, including the receipt of stockholder approval at the November 19th special stockholder meeting and the satisfaction or waiver of the conditions to the proposed business combination transaction with The DIRECTV Group, Inc. (the "DTV Business Combination"), which is expected to close immediately following the Split-Off. Please call D.F. King & Co., Inc. at (800) 628-8532 for a copy of СÀ¶ÊÓÆµ Media's definitive proxy statement, dated October 20, 2009, relating to the special meeting. The definitive proxy statement contains important information about the Split-Off and DTV Business Combination.
If the Split-Off and DTV Business Combination are completed as currently contemplated, the Series A СÀ¶ÊÓÆµ Starz common stock and Series B СÀ¶ÊÓÆµ Starz common stock are expected to begin regular way trading on the Nasdaq Global Select Market under the symbols "LSTZA" and "LSTZB", respectively, on or about November 20, 2009.
СÀ¶ÊÓÆµ Media also announced that the following CUSIP numbers will apply to the СÀ¶ÊÓÆµ Starz common stock (in any when-issued or regular way trading market): Series A - CUSIP 53071M708 and Series B - CUSIP 53071M807. The CUSIP numbers for the СÀ¶ÊÓÆµ Entertainment common stock will cease to be valid following the closing of the DTV Business Combination.
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the development of a when-issued trading market in СÀ¶ÊÓÆµ Starz common stock and the completion of the Split-Off and DTV Business Combination. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward looking statements speak only as of the date of this press release, and СÀ¶ÊÓÆµ Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in СÀ¶ÊÓÆµ Media's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Additional Information
Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of LEI, any of the СÀ¶ÊÓÆµ Media tracking stocks or shares of the new company to be issued pursuant to the merger agreement with DIRECTV. The offer and sale of shares in the proposed Split-Off and the DTV Business Combination will only be made pursuant to the effective registration statements on file with the Securities and Exchange Commission ("SEC"). СÀ¶ÊÓÆµ Media stockholders and other investors are urged to read the effective registration statements, including the definitive proxy statement/prospectuses contained therein, because they contain important information about these transactions. Copies of the effective registration statements and the definitive proxy statement/prospectuses are available free of charge at the SEC's website (). Copies of the filings together with the materials incorporated by reference therein can also be obtained, without charge, by directing a request to D.F. King & Co., Inc. at (800) 628-8532.
Participants in a Solicitation
The directors and executive officers of СÀ¶ÊÓÆµ Media and other persons may be deemed to be participants in the solicitation of proxies in respect of proposals to approve the transactions. Information regarding the directors and executive officers of each of СÀ¶ÊÓÆµ Media, LEI and the new DIRECTV and other participants in the proxy solicitation and a description of their respective direct and indirect interests, by security holdings or otherwise are available in the definitive proxy materials filed with the SEC.
About СÀ¶ÊÓÆµ
СÀ¶ÊÓÆµ Media owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the СÀ¶ÊÓÆµ Interactive group (NASDAQ: LINTA, LINTB), which includes СÀ¶ÊÓÆµ Media's interests in QVC, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the СÀ¶ÊÓÆµ Entertainment group (NASDAQ: LMDIA, LMDIB), which includes СÀ¶ÊÓÆµ Media 's interests in The DIRECTV Group, Inc., Starz Entertainment, Game Show Network, LLC, WildBlue Communications, Inc., and СÀ¶ÊÓÆµ Sports Holdings LLC, and (3) the СÀ¶ÊÓÆµ Capital group (NASDAQ: LCAPA, LCAPB), which includes all businesses, assets and liabilities not attributed to the Interactive group or the Entertainment group including its subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., СÀ¶ÊÓÆµ Media's interest in SIRIUS XM Radio, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.
SOURCE СÀ¶ÊÓÆµ
Released November 5, 2009