Liberty Media Corporation Announces FCC Approval of Application for De Jure
Control of SiriusXM
ENGLEWOOD, Colo. -- January 3, 2013
Liberty Media Corporation (Nasdaq: LMCA, LMCB) (“Liberty”) today announced
that it has received approval from the Federal Communications Commission for
the transfer of de jure control of SiriusXM to Liberty. Liberty expects to
complete the transfer of control of SiriusXM within 60 days.
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 our intention to acquire control of SiriusXM, 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 acquire control of SiriusXM. 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.
Liberty Media Corporation
Courtnee Ulrich, 720-875-5420
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