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Liberty Media Reports Third Quarter 2012 Financial Results

Share Repurchases

From August 1, 2012 through October 31, 2012, 0.2 million shares of Series A Liberty Capital common stock (Nasdaq: LMCA) were purchased at an average cost per share of $105.72 for total cash consideration of $22.3 million. Since the reclassification of the original Liberty Capital tracking stock on March 4, 2008 through October 31, 2012, 57.7 million shares have been repurchased at an average cost per share of $31.60 for total cash consideration of $1.8 billion. These repurchases represent 44.7% of the shares outstanding at the time of the introduction of the original Liberty Capital stock. Liberty Media has approximately $918 million remaining under its current stock repurchase authorization.

Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. Those interests include its subsidiaries Starz, LLC, Atlanta National League Baseball Club, Inc. and TruePosition, Inc., interests in SiriusXM and Live Nation and minority equity investments in Barnes & Noble, Time Warner Inc. and Viacom.

1)         Liberty Media’s President and CEO, Gregory B. Maffei, will discuss these highlights and other matters in Liberty Media’s earnings conference call which will begin at 11:45 a.m. (ET) on November 6, 2012. For information regarding how to access the call, please see “Important Notice” later in this document.
2) For a definition of adjusted OIBDA and applicable reconciliations see the accompanying schedules.


Unless otherwise noted, the foregoing discussion compares financial information for the three months ended September 30, 2012 to the same period in 2011.

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