Liberty Media Announces When-Issued Trading Information for New Tracking Stock
February 28 2008 - 6:41PM
PR Newswire (US)
ENGLEWOOD, Colo., Feb. 28 /PRNewswire-FirstCall/ -- Liberty Media
Corporation (NASDAQ:LINTA/BNASDAQ:andNASDAQ:LCAPA/B) (Liberty) has
been advised by Nasdaq that shares of Series A Liberty
Entertainment tracking stock and Series B Liberty Entertainment
tracking stock will trade, on a when-issued basis, on the OTC
Bulletin Board under the symbols "LMDAV" and "LMDBV," respectively,
on March 3, 2008. Shares of Liberty Entertainment tracking stock
are intended to be issued in the previously announced
reclassification of Liberty Capital common stock into a
reclassified Liberty Capital tracking stock and a new Liberty
Entertainment tracking stock. The completion of the
reclassification is subject to certain conditions, including the
receipt of a tax opinion and the filing of Liberty's amended
charter with the Delaware Secretary of State. If the
reclassification is completed, it is expected that the Series A
Liberty Entertainment tracking stock and Series B Liberty
Entertainment tracking stock will begin regular way trading on the
Nasdaq Global Select Market under the symbols "LMDIA" and "LMDIB,"
respectively, on March 4, 2008. Additional Information Nothing in
this release shall constitute a solicitation to buy or an offer to
sell shares of the reclassified Liberty Capital tracking stock or
Liberty Entertainment tracking stock. The offer and sale of
Liberty's tracking stocks in the proposed reclassification will
only be made pursuant to Liberty's effective registration
statement. Liberty stockholders and other investors are urged to
read the registration statement, including the proxy
statement/prospectus contained therein, filed by Liberty with the
SEC, because it contains important information about the
transaction. A copy of the registration statement and the proxy
statement/prospectus are available free of charge at the SEC's
website (http://www.sec.gov/). About Liberty Media Corporation
Liberty Media Corporation owns a broad range of electronic
retailing, media, communications and entertainment businesses and
investments. Those interests are attributed to two tracking stock
groups: the Liberty Interactive group, which includes Liberty's
interests in QVC, Provide Commerce, IAC/InterActiveCorp, and
Expedia, and the Liberty Capital group which includes Liberty's
interests in DirecTV, Starz Entertainment, Time Warner and Sprint.
For more information, please see http://www.libertymedia.com/.
DATASOURCE: Liberty Media Corporation CONTACT: John Orr of Liberty
Media Corporation, +1-720-875-5622 Web site:
http://www.libertymedia.com/
Copyright