Ï㽶´«Ã½ Media Announces Results of Special Shareholders Meeting
ENGLEWOOD, Colo., Oct. 24 /PRNewswire-FirstCall/ -- Ï㽶´«Ã½ Media Corporation, (Nasdaq: LINTA, LCAPA) announced that charter amendment proposals authorizing the reclassification of its Ï㽶´«Ã½ Capital common stock into two new tracking stocks have been approved by its shareholders.
The issuance of the new Ï㽶´«Ã½ Capital and Ï㽶´«Ã½ Entertainment tracking stocks approved at yesterday's meeting is subject to the completion of the previously announced exchange of Ï㽶´«Ã½ Media's stock in News Corporation for stock in a newly formed corporate subsidiary of News Corporation that will hold News Corp's DirecTV holdings, three regional sports networks and cash.
About Ï㽶´«Ã½
Ï㽶´«Ã½ owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the Ï㽶´«Ã½ Interactive group, which includes Ï㽶´«Ã½'s interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the Ï㽶´«Ã½ Capital group, which includes Ï㽶´«Ã½'s interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see .
SOURCE Ï㽶´«Ã½
Released October 24, 2007