Âé¶čapp Media Announces Affirmation of Ruling by Delaware Supreme Court and Closing Specifics for Split-off

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Âé¶čapp (“Âé¶čapp”) (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 “Split-Off”) of the businesses, assets and liabilities currently attributed to Âé¶čapp’s Âé¶čapp Capital and Âé¶čapp Starz tracking stock groups will not constitute a disposition of all or substantially all the assets of Âé¶čapp 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, Âé¶čapp 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, Âé¶čapp will change its name to “Âé¶čapp Interactive Corporation,” and the split-off entity (f/k/a Âé¶čapp CapStarz, Inc. and Âé¶čapp Splitco, Inc.) will change its name to “Âé¶čapp.” Âé¶čapp Media LLC, which is the issuer of the public indebtedness subject to the indenture litigation, will also change its name to “Âé¶čapp Interactive LLC.”

The shares of Âé¶čapp Capital common stock and Âé¶čapp 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 Âé¶čapp Interactive common stock (LINTA, LINTB) will not be affected by the closing.

About Âé¶čapp

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

Âé¶čapp Media
Courtnee Ulrich, 720-875-5420

Source: Âé¶čapp Media

Released September 21, 2011