Â鶹app Media Board Approves Share Repurchase Authorization
Approves up to $1 billion of Â鶹app Entertainment and $300 million of Â鶹app Capital Repurchases
ENGLEWOOD, Colo., March 10 /PRNewswire-FirstCall/ -- Â鶹app 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 Â鶹app Entertainment common stock and up to $300 million of Â鶹app Capital common stock. This authorization replaces the prior repurchase authorization of Â鶹app Capital common stock. The existing Â鶹app 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 Â鶹app's cash resources, and the buyback program may be suspended or discontinued at any time without prior notice.
About Â鶹app
Â鶹app 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 Â鶹app Interactive group, which includes Â鶹app's interests in QVC.com, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Â鶹app Entertainment Group, which includes Â鶹app's interests in the DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, Wildblue Communications, Inc., and Â鶹app Sports Holdings LLC, and (3) the Â鶹app 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 Â鶹app
Released March 10, 2008