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ENGLEWOOD, Colo., Nov. 19 /PRNewswire-FirstCall/ -- Liberty Media Corporation ("Liberty Media") ( LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB) today announced that it has completed its previously announced split-off (the "Split-Off") of Liberty Entertainment, Inc.
The long-awaited restructuring of Liberty Media's Liberty Entertainment tracking stock got a boost last week after the company set a hard date — Nov. 19 — for a shareholder vote that would lead to the consolidation of its 57% interest in DirecTV and the spinoff of its Starz Entertainment premium
http://www.multichannel.com/article/366237-Starz_Is_Ready_To_Rise.php
ENGLEWOOD, Colo., Nov. 17 /PRNewswire-FirstCall/ -- Liberty Media Corporation (Nasdaq: LMDIA - News, LMDIB - News) announced it will host a conference call in conjunction with
http://finance.yahoo.com/news/Liberty-Media-Corporation-prnews-1653336971.html?x=0
Many people in the investment community – sell-side analysts in particular – seem to believe that Liberty Starz (LSTAV) should trade at a discount to its intrinsic value. Sell-side estimates of the magnitude of this discount range from 15% to 30%, significant numbers by any standard.
http://seekingalpha.com/article/173316-should-liberty-starz-trade-at-a-discount?source=yahoo
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Nov 21, 2009 (Wall Street Horizon via COMTEX) --
Liberty Media Corporation (LINTA)
Expected next earnings release: Announcement date: 2/25/2010 - Before Market Earnings Quarter: Q4 Announcement Status: Unconfirmed
Expected next investor conference call information: Conference Call Date: 11/9/2009 Conference Call Time (ET): 11:30 AM Conference Call URL: http://ir.libertymedia.com/phoenix.zhtml?c=61138&p=irol-EventDetails&EventId=2510429
Tags: conference corporate earnings market media
Companies: Liberty Media Corp - Interactive (LINTA)
Nov 21, 2009 (Wall Street Horizon via COMTEX) --
Liberty Media Capital (LCAPA)
Expected next earnings release: Announcement date: 2/25/2010 - Before Market Earnings Quarter: Q4 Announcement Status: Unconfirmed
Expected next investor conference call information: Conference Call Date: 11/9/2009 Conference Call Time (ET): 11:30 AM Conference Call URL: http://www.libertymedia.com/events
Tags: conference corporate earnings market media
Companies: Liberty Media Corp - Capital (LCAPA)
Nov 20, 2009 (SmarTrend(R) Spotlight via COMTEX) --
Liberty Media (NASDAQ:LINTA) upgraded to Buy from Hold, $13.25 target, at Citigroup. The stock closed yesterday at $10.74 on volume of 2,843,900 shares, below average daily volume of 4,037,026.
Liberty Media is currently above its 200-day moving average of $6.97 and should find resistance at its 50-day moving average of $11.40.
SmarTrend is bullish on shares of LINTA and our subscribers received an Uptrend alert on July 17, 2009 at $5.97, which has returned 79.9% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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Tags: market media nasdaq securities
Companies: Liberty Media Corp - Interactive (LINTA)
ENGLEWOOD, Colo., Nov 19, 2009 /PRNewswire-FirstCall via COMTEX/ --
Liberty Media Corporation ("Liberty Media") (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LMDIA, LMDIB) announced that, at the previously announced special meeting of stockholders held on November 19, 2009 at 9:30 a.m., ET time, the holders of Liberty Entertainment common stock entitled to vote thereat, approved, among other things, the split-off (the "Split-Off") of Liberty Entertainment, Inc. ("LEI") from Liberty Media and the business combination transaction between The DIRECTV Group, Inc. ("DIRECTV") and LEI (the "DTV Business Combination").
Assuming all other conditions to the Split-Off and the DTV Business Combination are satisfied or waived, Liberty Media will redeem 90% of the outstanding shares of Liberty Entertainment common stock in exchange for all of the outstanding shares of common stock of LEI at 5:00 pm, NYC time, tonight. Liberty Media will redeem 0.9 of each outstanding share of Liberty Entertainment common stock for 0.9 of a share of the corresponding series of common stock of LEI. Immediately after the completion of the Split-Off, the parties will complete the DTV Business Combination and each of LEI and DIRECTV will become wholly owned subsidiaries of a new public company to be named DIRECTV ("Holdings"). In the DTV Business Combination, (i) all shares of LEI common stock will be exchanged for shares of Holdings Class A common stock, other than the shares of LEI Series B common stock held by John C. Malone, Chairman of the Boards of Liberty Media, and certain related persons, which will be exchanged for shares of Holdings Class B common stock, and (ii) each share of DIRECTV common stock will be exchanged for one share of Holdings Class A common stock. Each share of Holdings Class A common stock will entitle the holder to one vote per share, and each share of Holdings Class B common stock will entitle the holder to 15 votes per share and to certain limited consent rights. The final exchange ratio for the LEI shares in the DTV Business Combination will be announced following the completion of the transactions.
Liberty Media also intends to complete the redesignation of the Liberty Entertainment common stock as Liberty Starz common stock immediately following the completion of the DTV Business Combination this evening.
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including 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 Liberty 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 Liberty 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 Liberty 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"). Liberty 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 (http://www.sec.gov). 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 Liberty 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 Liberty 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 Liberty Media Corporation
Liberty 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 Liberty Interactive group (Nasdaq: LINTA, LINTB), which includes Liberty Media's interests in QVC, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Entertainment group (Nasdaq: LMDIA, LMDIB), which includes Liberty Media's interests in The DIRECTV Group, Inc., Starz Entertainment and WildBlue Communications, Inc., and (3) the Liberty 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., Liberty Media's interest in SIRIUS XM Radio, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.
SOURCE Liberty Media Corporation
http://www.libertymedia.com
Tags: baseball business commerce communications entertainment equity executive media merger nasdaq radio sec securities security
Companies: Liberty Entertainment Inc (LSTAV), Liberty Media Corp - Capital (LCAPA), Liberty Media Corp - Capital (LCAPB), Liberty Media Corp - Entertainment (LMDIA), Liberty Media Corp - Entertainment (LMDIB), Liberty Media Corp - Interactive (LINTA), Liberty Media Corp - Interactive (LINTB)
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Pali Analyst Greenfield Says Cablevision Management Has Improved; Time Warner Debt Sale Underway, Cable Spin Off Set for March 27th; Liberty Media Raised to Neutral at JPMorgan (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1998/880583?cpt=8&wpid=523 http://www.zibb.
John Malone is known for orchestrating companies and transactions that are highly complex financially. On Monday, the Liberty Media (NSDQ: LINTA) chairman was it again. Liberty Media announced it would spin off its entertainment unit (Liberty Entertainment) and merge it with DirecTV (NYSE: DTV) in
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Major distributor of TV entertainment, sports and other programming including Discovery Channel, USA, QVC, Encore, and STARZ.
The Liberty Media Corporation is an American media conglomerate and the control is exercised by company Chairman John C. Malone, with a majority of the voting shares.
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