Liberty Media Corp. Announces When-Issued Trading and Trading Symbol Information in Connection with Upcoming Spin-Off

  Liberty Media Corp. Announces When-Issued Trading and Trading Symbol
  Information in Connection with Upcoming Spin-Off

Business Wire

ENGLEWOOD, Colo. -- January 8, 2013

Liberty Media Corporation (Nasdaq: LMCA and LMCB) (“Liberty”) has been advised
by Nasdaq that, in connection with Liberty’s upcoming spin-off (the
“Spin-Off”) of its wholly owned subsidiary Liberty Spinco, Inc. (“Spinco”)
(which, following the Spin-Off, will hold the businesses, assets and
liabilities of Liberty not associated with Starz, LLC), shares of Spinco’s
Series A and Series B common stock will trade on a when-issued basis on the
Nasdaq Global Select Market under the symbols “LMCAV” and “LMCBV,”
respectively, on January 10, 2013 and January 11, 2013. Shares of Spinco
common stock are expected to be issued in the Spin-Off, which will be effected
through the distribution (the “Distribution”) of shares of Spinco common stock
to holders of record of Liberty common stock at 5:00 p.m., New York City time,
on January 10, 2013. However, because Nasdaq has established January 14, 2013
as the ex-dividend date for the Distribution, and as a result of related “due
bill” trading procedures, persons acquiring shares of Liberty common stock in
the market through January 11, 2013 will still receive shares of Spinco common
stock in the Distribution. Liberty expects to complete the Distribution at
5:00 p.m., New York City time, on January 11, 2013. The issuance of Spinco
shares and the completion of the Spin-Off are subject to certain conditions.

If the Spin-Off is completed, it is expected that Spinco’s Series A and Series
B common stock will trade in the regular way on the Nasdaq Global Select
Market as follows:

  *Under the temporary symbols “LMCAD” and “LMCBD,” respectively, beginning
    on January 14, 2013.
  *Under the permanent symbols “LMCA” and “LMCB,” respectively, beginning on
    January 22, 2013.

Shortly prior to the Spin-Off, Liberty will change its name to “Starz” and
Spinco will change its name to “Liberty Media Corporation.” As a result of
these name changes and Spinco’s use of the “LMCA” and “LMCB” trading symbols
as described above, following the spin-off, Starz’s Series A and Series B
Liberty Capital common stock will begin trading under the new symbols “STRZA”
and “STRZB,” respectively, on the Nasdaq Global Select Market on January 14,
2013. Prior to such time, however, Liberty’s Series A and Series B Liberty
Capital common stock will continue to trade under the symbols “LMCA” and
“LMCB,” respectively.

About Liberty Media Corporation

Liberty Media (Nasdaq: LMCA, LMCB) owns interests in a broad range of media,
communications and entertainment businesses, including its subsidiaries
Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its
interests in Starz, LLC, SiriusXM, Live Nation Entertainment and Barnes &
Noble, and minority equity investments in Time Warner Inc. and Viacom.

This press release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, including
statements about the completion of our pending separation from Starz LLC, the
trading of our respective stocks, and other matters that are not historical
facts. These forward-looking statements involve many risks and uncertainties
that could cause actual results to differ materially from those expressed or
implied by such statements, including our ability to complete the separation
as planned and reported. These forward-looking statements speak only as of the
date of this press release, and Liberty Media expressly disclaims any
obligation or undertaking to disseminate any updates or revisions to any
forward-looking statement contained herein to reflect any change in Liberty
Media's expectations with regard thereto or any change in events, conditions
or circumstances on which any such statement is based. Please refer to the
publicly filed documents of Liberty Media, including the most recent Forms
10-Q and 10-K, for additional information about Liberty Media and about the
risks and uncertainties related to Liberty Media's business which may affect
the statements made in this press release.

Contact:

Liberty Media Corporation
Courtnee Ulrich, 720-875-5420
 
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