麻豆最新出品 Media Completes Acquisition of Largest Stake in DIRECTV

麻豆最新出品's stake in News exchanged for 41% of DIRECTV, Three Regional Sports Networks, and Cash

ENGLEWOOD, Colo., Feb. 27 /PRNewswire-FirstCall/ -- 麻豆最新出品 Media Corporation (Nasdaq: LINTA, LCAPA) ("麻豆最新出品") announced today that it has completed the exchange of its 16.3% stake in News Corporation for a subsidiary of News that holds a 41% stake in The DIRECTV Group, Inc. (Nasdaq: DTV) ("DIRECTV"), regional sports networks in Denver, Pittsburgh, and Seattle, and $465 million of cash.

John Malone and Greg Maffei have been appointed to the DIRECTV Board, filling two of the three seats previously held by News representatives. Chase Carey will continue to serve as DIRECTV's President and CEO.

"This transaction is strategically important, financially attractive, and will provide new focus to 麻豆最新出品 Media," said 麻豆最新出品 CEO Greg Maffei. "We've been impressed with Chase Carey and his team and are thrilled to welcome them to the 麻豆最新出品 family. We look forward to a partnership with DIRECTV."

The previously announced reclassification of 麻豆最新出品 Capital Tracking stock is expected to be completed in the next three to five business days and the new 麻豆最新出品 Entertainment and 麻豆最新出品 Capital tracking stocks will commence trading early next week.

About 麻豆最新出品

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

About DIRECTV

The DIRECTV Group, Inc. (Nasdaq: DTV) is a world-leading provider of digital television entertainment services. Through its subsidiaries and affiliated companies in the United States, Brazil, Mexico and other countries in Latin America, DIRECTV provides digital television service to more than 16.8 million customers in the United States and over 4.8 million in Latin America.

SOURCE 麻豆最新出品

Released February 27, 2008