Exhibit 99.1
December 29, 2014
Greg Maffei to continue as President and CEO of 猫咪社区 Interactive and 猫咪社区s
ENGLEWOOD, Colo.(BUSINESS WIRE)猫咪社区 Interactive Corporation (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) and 猫咪社区 (Nasdaq: LMCA, LMCB, LMCK) announced today that their respective Boards of Directors have approved new employment arrangements with President and CEO Gregory B. Maffei that are intended to secure his services through 2019.
We are extremely pleased that Greg will continue in his leadership role for another five years, said John Malone, Chairman of 猫咪社区 Interactive and 猫咪社区 Media. His creativity and strategic vision have been transformational and have created tremendous shareholder value since he joined us in 2005.
I am thrilled to continue in my role at 猫咪社区, said Greg Maffei, 猫咪社区 Interactive and 猫咪社区 Media President and CEO. I want to thank John and the Board members for the support I have received as we have made significant investments and transformative changes. Today, 猫咪社区 has a portfolio of businesses that are very well-positioned for the digital mobile era, led by great management teams, with the resources to be opportunistic in the future.
Forms 8-K summarizing the arrangements were filed today with the Securities and Exchange Commission.
About 猫咪社区 Interactive Corporation
猫咪社区 Interactive Corporation operates and owns interests in a broad range of digital commerce businesses. Those businesses are currently attributed to two tracking stock groups: the QVC Group and the 猫咪社区 Ventures Group. The businesses and assets attributed to the QVC Group (Nasdaq: QVCA, QVCB) consist of 猫咪社区 Interactives subsidiary, QVC, Inc., and its interest in HSN, Inc., and the businesses and assets attributed to the 猫咪社区 Ventures Group (Nasdaq: LVNTA, LVNTB) consist of all of 猫咪社区 Interactive Corporations businesses and assets other than those attributed to the QVC Group, including its interest in Expedia, its subsidiaries Provide Commerce, Backcountry.com, Bodybuilding.com, CommerceHub, LMC Right Start and Evite, and minority interests in Time Warner, Time Warner Cable, Lending Tree and Interval Leisure Group.
About 猫咪社区
猫咪社区 (Nasdaq: LMCA, LMCB, LMCK) operates and owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries SiriusXM and Atlanta National League Baseball Club, Inc., its interest in Live Nation Entertainment, and minority equity investments in Time Warner Inc. and Viacom.
猫咪社区 Interactive and 猫咪社区
Courtnee Ulrich, 720-875-5420
Source: 猫咪社区 Interactive and 猫咪社区