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СÓÅÊÓƵ Media Board Increases Share Repurchase Authorization

Approves up to $1 Billion of Additional СÓÅÊÓƵ Interactive Repurchases

ENGLEWOOD, Colo., Oct. 31 /PRNewswire-FirstCall/ -- СÓÅÊÓƵ Media Corporation announced today that its board of directors has authorized the repurchase of up to an additional $1 billion of СÓÅÊÓƵ Interactive common stock. This authorization increases to $3 billion the total amount authorized to be repurchased since the СÓÅÊÓƵ Interactive shares began trading in May 2006

As of October 30, 2007, СÓÅÊÓƵ had repurchased approximately 98.7 million shares at an average cost per share of $20.15 for aggregate cash consideration of $1.991 billion. These repurchases represent approximately 14.1% of the shares outstanding at the time of creation of the СÓÅÊÓƵ Interactive tracking stock.

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 СÓÅÊÓƵ's cash resources, and the buyback program may be suspended or discontinued at any time without prior notice.

About СÓÅÊÓƵ

СÓÅÊÓƵ owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the СÓÅÊÓƵ Interactive group, which includes СÓÅÊÓƵ's interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the СÓÅÊÓƵ Capital group, which includes СÓÅÊÓƵ's interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see .

SOURCE СÓÅÊÓƵ

Released October 31, 2007