猫咪社区 Media Announces Affirmation of Ruling by Delaware Supreme Court and Closing Specifics for Split-off

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 猫咪社区 (鈥溍ㄟ渖缜��) (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 猫咪社区鈥檚 猫咪社区 Capital and 猫咪社区 Starz tracking stock groups will not constitute a disposition of all or substantially all the assets of 猫咪社区 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, 猫咪社区 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, 猫咪社区 will change its name to 鈥溍ㄟ渖缜� Interactive Corporation,鈥� and the split-off entity (f/k/a 猫咪社区 CapStarz, Inc. and 猫咪社区 Splitco, Inc.) will change its name to 鈥溍ㄟ渖缜�.鈥� 猫咪社区 Media LLC, which is the issuer of the public indebtedness subject to the indenture litigation, will also change its name to 鈥溍ㄟ渖缜� Interactive LLC.鈥�

The shares of 猫咪社区 Capital common stock and 猫咪社区 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 猫咪社区 Interactive common stock (LINTA, LINTB) will not be affected by the closing.

About 猫咪社区

猫咪社区 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 猫咪社区 Interactive group (Nasdaq: LINTA, LINTB), which includes 猫咪社区's interests in QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com and Expedia, (2) the 猫咪社区 Starz group (Nasdaq: LSTZA, LSTZB), which includes 猫咪社区's interest in Starz, LLC, and (3) the 猫咪社区 Capital group (Nasdaq: LCAPA, LCAPB), which includes all businesses, assets and liabilities not attributed to the Interactive group or the Starz group including 猫咪社区鈥檚 subsidiaries the Atlanta National League Baseball Club, Inc., and TruePosition, Inc., 猫咪社区鈥檚 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 猫咪社区's tracking stocks. The offer and sale of shares in the proposed split-off will only be made pursuant to 猫咪社区 CapStarz鈥檚 effective registration statement. 猫咪社区 stockholders and other investors are urged to read the Form S-4 registration statement on file with the SEC, including 猫咪社区鈥檚 proxy statement/prospectus contained therein, because they contain important information about the split-off. Copies of 猫咪社区's and 猫咪社区 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 猫咪社区, 12300 猫咪社区 Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.

猫咪社区 Media
Courtnee Ulrich, 720-875-5420

Source: 猫咪社区 Media

Released September 21, 2011