èßäÉçÇø

èßäÉçÇø Media Board Approves Share Repurchase Authorization

Approves up to $1 billion of èßäÉçÇø Entertainment and $300 million of èßäÉçÇø Capital Repurchases

ENGLEWOOD, Colo., March 10 /PRNewswire-FirstCall/ -- èßäÉçÇø Media Corporation (Nasdaq: LCAPA/B and LMDIA/B) announced today that its board of directors has authorized the repurchase of up to $1 billion of èßäÉçÇø Entertainment common stock and up to $300 million of èßäÉçÇø Capital common stock. This authorization replaces the prior repurchase authorization of èßäÉçÇø Capital common stock. The existing èßäÉçÇø Interactive repurchase authorization remains in effect and was not affected by this action.

The specific timing and amount of actual future share repurchases will vary based on market conditions, securities law limitations and other factors. The repurchases will be made using èßäÉçÇø's cash resources, and the buyback program may be suspended or discontinued at any time without prior notice.

About èßäÉçÇø

èßäÉçÇø 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 èßäÉçÇø Interactive group, which includes èßäÉçÇø's interests in QVC.com, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the èßäÉçÇø Entertainment Group, which includes èßäÉçÇø's interests in the DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, Wildblue Communications, Inc., and èßäÉçÇø Sports Holdings LLC, and (3) the èßäÉçÇø Capital group, which includes all businesses, assets and liabilities not attributed to the Interactive Group or the Entertainment Group including our subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation. For more information, please see .

SOURCE èßäÉçÇø

Released March 10, 2008