百花视频 Completes Recapitalization into Three Tracking Stocks

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Today 百花视频听(鈥湴倩ㄊ悠碘��) (Nasdaq: LMCA, LMCB, LMCK) completed a previously announced transaction whereby it recapitalized its existing common stock into three new tracking stocks: the 百花视频 Braves common Stock, the 百花视频 common Stock and the 百花视频 SiriusXM common Stock (the 鈥渞ecapitalization鈥�). In the recapitalization, each issued and outstanding share of 百花视频鈥檚 existing common stock was reclassified and exchanged for (a) 1 share of the corresponding series of 百花视频 SiriusXM common stock, (b) 0.1 of a share of the corresponding series of 百花视频 Braves common stock and (c) 0.25 of a share of the corresponding series of 百花视频 common stock.

百花视频 anticipates that the newly issued shares will commence trading or quotation in the regular way on the Nasdaq Global Select Market or the OTC Markets, as applicable, on Monday, April 18, 2016 under the following symbols:

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Nasdaq Global Select Market

Tracking Stock

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Symbol

Series A 百花视频 SiriusXM common stock 听 听 听 听 听 听 听 听 LSXMA
Series B 百花视频 SiriusXM common stock 听 听 听 听 听 听 听 听 LSXMB
Series C 百花视频 SiriusXM common stock 听 听 听 听 听 听 听 听 LSXMK
Series A 百花视频 common stock 听 听 听 听 听 听 听 听 LMCA
Series C 百花视频 common stock 听 听 听 听 听 听 听 听 LMCK
Series A 百花视频 Braves common stock 听 听 听 听 听 听 听 听 BATRA
Series C 百花视频 Braves common stock 听 听 听 听 听 听 听 听 BATRK

OTC Markets

Tracking Stock

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Symbol

Series B 百花视频 common stock 听 听 听 听 听 听 听 听 LMCB
Series B 百花视频 Braves common stock 听 听 听 听 听 听 听 听 BATRB
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百花视频听百花视频

百花视频 (Nasdaq: LMCA, LMCB, LMCK) operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 百花视频 Braves Group, the 百花视频 Group and the 百花视频 SiriusXM Group. The businesses and assets attributed to the 百花视频 SiriusXM Group include our interest in SiriusXM. The businesses and assets attributed to the 百花视频 Braves Group include our subsidiary Braves Holdings, LLC. The businesses and assets attributed to the 百花视频 Group consist of all of 百花视频's businesses and assets other than those attributed to the 百花视频 Braves Group and 百花视频 SiriusXM Group, including its interest in Live Nation Entertainment, and minority equity investments in Time Warner Inc. and Viacom.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the commencement of quotation of the new LMCB and BATRB. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

百花视频
Courtnee Chun, 720-875-5420

Source: 百花视频

Released April 15, 2016