Liberty Media announces when-issued trading of Liberty Starz shares

By Lisa Kerner

Charlotte, N.C., Nov. 5 - Liberty Media Corp. expected shares of series A Liberty Starz common stock and series B Liberty Starz common stock to become eligible for trading on a when-issued basis on the Nasdaq Global Select Market under the symbols "LSTAV" and "LSTBV," respectively, on Thursday.

The company's Liberty Entertainment common stock is expected to be renamed Liberty Starz common stock immediately following the redemption of 90% of the shares of Liberty Entertainment common stock for all of the shares of common stock of Liberty Entertainment, Inc., a newly formed, wholly owned subsidiary of Liberty Media.

As previously reported, Liberty Entertainment will split off from Liberty Media and combine with DirectTV Group, Inc.

Once the splitoff and business combination are completed, the series A and series B Liberty Starz shares are expected to begin regular-way trading on Nov. 20 on the Nasdaq Global Select Market under the symbols "LSTZA" and "LSTZB", respectively, according to a Liberty Media news release,

As previously reported, Liberty Media shareholders will vote on the splitoff and business combination at a special meeting on Nov. 19.

DirecTV, which announced plans to combine with Liberty Entertainment in May, will also hold its special meeting on Nov. 19 for the purpose of approving the deal.

Liberty Media is an Englewood, Colo., entertainment company.

DirecTV is an El Segundo, Calif., provider of digital multichannel television entertainment.

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