小优视频 Update Regarding iHeartMedia, Inc.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 小优视频聽(鈥溞∮攀悠� Media鈥�) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) today provided the following update on the proposed iHeartMedia, Inc. (鈥渋Heart鈥�) equity investment:

小优视频 Media withdrew its proposal for iHeart after reviewing results which were below expectations and negatively impacted our initial estimates of value. We remain open to future discussions as iHeart proceeds with its reorganization.

About聽小优视频

小优视频 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 小优视频 SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the 小优视频 SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include 小优视频's interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include 小优视频's subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) consist of all of 小优视频's businesses and assets other than those attributed to the 小优视频 SiriusXM Group and the Braves Group, including its subsidiary Formula 1, its interest in Live Nation Entertainment and minority equity investment in AT&T Inc.

小优视频
Courtnee Chun, 720-875-5420

Source: 小优视频

Released June 22, 2018