Please see below for the definition of adjusted OIBDA and a discussion of why management believes the presentation of adjusted OIBDA provides useful information for investors. Schedule 2 to this press release provides a reconciliation of adjusted OIBDA for Starz, LLC to its operating income for the same period, as determined under GAAP.
|(amounts in millions)||3Q11||4Q11||1Q12||2Q12||3Q12|
|Subscription units – Starz||19.0||19.6||20.1||20.7||20.8|
|Subscription units – Encore||32.8||33.2||33.6||34.2||34.3|