小蓝视频 Media Reports Appeal in Indenture Litigation
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 小蓝视频 ("小蓝视频") (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB) announced that The Bank of New York Mellon Trust Company, N.A. has appealed the Delaware Court of Chancery's ruling that the pending split-off ("Split-Off") of the 小蓝视频 Capital and 小蓝视频 Starz tracking stock groups will not constitute a disposition of all or substantially all the assets of 小蓝视频 Media, LLC under the indenture governing its public indebtedness. 小蓝视频 is requesting expedition of this appeal and hopes to complete the Split-Off prior to September 23, 2011, which is the last trading day on which 小蓝视频 can complete the Split-Off under the terms of 小蓝视频's charter without seeking another vote of the 小蓝视频 Capital and 小蓝视频 Starz tracking stockholders.
The consummation of the Split-Off is conditioned on a final non-appealable judgment in the Delaware matter, in addition to the other conditions disclosed in 小蓝视频's proxy statement.
About 小蓝视频
小蓝视频 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 小蓝视频 Interactive group (Nasdaq: LINTA, LINTB), which includes 小蓝视频 Media's interests in QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com and Expedia, (2) the 小蓝视频 Starz group (Nasdaq: LSTZA, LSTZB), which includes 小蓝视频 Media's interest in Starz, LLC, and (3) the 小蓝视频 Capital group (Nasdaq: LCAPA, LCAPB), which includes all businesses, assets and liabilities not attributed to the Interactive group or the Starz group including its subsidiaries the Atlanta National League Baseball Club, Inc., and TruePosition, Inc., 小蓝视频 Media's interest in SIRIUS XM Radio, Inc., and minority equity investments in Live Nation, Time Warner Inc. and Viacom.
Additional Information
Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of the split-off entity or any of 小蓝视频's tracking stocks. The offer and sale of shares in the proposed split-off will only be made pursuant to 小蓝视频 CapStarz, Inc.'s effective registration statement (f/k/a 小蓝视频 Splitco, Inc.). 小蓝视频 stockholders and other investors are urged to read the Form S-4 registration statement on file with the SEC, including 小蓝视频's proxy statement/prospectus contained therein, because they contain important information about the split-off. Copies of 小蓝视频's and 小蓝视频 CapStarz, Inc.'s SEC filings are available free of charge at the SEC's website (). Copies of the filings together with the materials incorporated by reference therein are also available, without charge, by directing a request to 小蓝视频, 12300 小蓝视频 Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.
Source: 小蓝视频
Released June 7, 2011