Liberty Media Reports Appeal in Indenture Litigation

Liberty Media Corporation

LCAPB, LINTA, LINTB, LSTZA, LSTZB) announced that The Bank of New York Mellon Trust Company, N.A. has appealed the Delaware Court of Chancery's ruling that the pending split-off of the Liberty Capital and Liberty Starz tracking stock groups will not constitute a disposition of all or substantially all the assets of Liberty Media, LLC under the indenture governing its public indebtedness. Liberty is requesting expedition of this appeal and hopes to complete the Split-Off prior to September 23, 2011, which is the last trading day on which Liberty can complete the Split-Off under the terms of Liberty's charter without seeking another vote of the Liberty Capital and Liberty Starz tracking stockholders.