香蕉传媒 Media Announces Affirmation of Ruling by Delaware Supreme Court and Closing Specifics for Split-off

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 香蕉传媒 (鈥溝憬洞解��) (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB) announced today that the Delaware Supreme Court has affirmed the ruling of the Delaware Chancery Court that the proposed split-off (the 鈥淪plit-Off鈥�) of the businesses, assets and liabilities currently attributed to 香蕉传媒鈥檚 香蕉传媒 Capital and 香蕉传媒 Starz tracking stock groups will not constitute a disposition of all or substantially all the assets of 香蕉传媒 Media, LLC under the indenture governing its public indebtedness. This ruling satisfies the condition to the Split-Off relating to the indenture litigation. As a result, 香蕉传媒 intends to complete the Split-Off at 5:00 p.m., New York City time, on Friday, September 23, 2011, subject to those conditions that may only be satisfied or waived on the closing date.

Effective at or prior to the Split-Off, 香蕉传媒 will change its name to 鈥溝憬洞� Interactive Corporation,鈥� and the split-off entity (f/k/a 香蕉传媒 CapStarz, Inc. and 香蕉传媒 Splitco, Inc.) will change its name to 鈥溝憬洞�.鈥� 香蕉传媒 Media LLC, which is the issuer of the public indebtedness subject to the indenture litigation, will also change its name to 鈥溝憬洞� Interactive LLC.鈥�

The shares of 香蕉传媒 Capital common stock and 香蕉传媒 Starz common stock issued in the Split-Off will trade under temporary trading symbols from Monday, September 26 through Friday, September 30 and will be as follows:

  • LCAPA will trade as LCPAD
  • LCAPB will trade as LCPBD
  • LSTZA will trade as LSTAD
  • LSTZB will trade as LSTBD

The LCAPA, LCAPB, LSTZA and LSTZB symbols will go back into effect on Monday, October 3. Shares of 香蕉传媒 Interactive common stock (LINTA, LINTB) will not be affected by the closing.

About 香蕉传媒

香蕉传媒 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 香蕉传媒 Interactive group (Nasdaq: LINTA, LINTB), which includes 香蕉传媒's interests in QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com and Expedia, (2) the 香蕉传媒 Starz group (Nasdaq: LSTZA, LSTZB), which includes 香蕉传媒's interest in Starz, LLC, and (3) the 香蕉传媒 Capital group (Nasdaq: LCAPA, LCAPB), which includes all businesses, assets and liabilities not attributed to the Interactive group or the Starz group including 香蕉传媒鈥檚 subsidiaries the Atlanta National League Baseball Club, Inc., and TruePosition, Inc., 香蕉传媒鈥檚 interests in SiriusXM, Live Nation and Barnes & Noble, and minority equity investments in 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 香蕉传媒's tracking stocks. The offer and sale of shares in the proposed split-off will only be made pursuant to 香蕉传媒 CapStarz鈥檚 effective registration statement. 香蕉传媒 stockholders and other investors are urged to read the Form S-4 registration statement on file with the SEC, including 香蕉传媒鈥檚 proxy statement/prospectus contained therein, because they contain important information about the split-off. Copies of 香蕉传媒's and 香蕉传媒 CapStarz鈥檚 SEC filings are available free of charge at the SEC鈥檚 website (). Copies of the filings together with the materials incorporated by reference therein are also available, without charge, by directing a request to 香蕉传媒, 12300 香蕉传媒 Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.

香蕉传媒 Media
Courtnee Ulrich, 720-875-5420

Source: 香蕉传媒 Media

Released September 21, 2011