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