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Liberty Media Reports Fourth Quarter And Year End 2012 Financial Results

Share Repurchases

From November 1, 2012 through January 11, 2013, 0.7 million shares of Series A Liberty Capital common stock (Nasdaq: LMCA) were purchased at an average cost per share of $109.49 for total cash consideration of $78.2 million. After the completion of the Starz spin-off on January 11, 2013 through January 31, 2013, 0.5 million shares of Series A Liberty Capital common stock (Nasdaq: LMCA) were purchased at an average cost per share of $110.19 for total cash consideration of $52.1 million. Since the reclassification of the original Liberty Capital tracking stock on March 4, 2008 through January 11, 2013, 58.4 million shares have been repurchased at an average cost per share of $32.55 for total cash consideration of $1.9 billion. These repurchases represent 45.3% of the shares outstanding at the time of the introduction of the original Liberty Capital stock. Liberty Media has approximately $397.9 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 Atlanta National League Baseball Club, Inc., SiriusXM (beginning January 2013) and TruePosition, Inc., interests in Live Nation and minority equity investments in Barnes & Noble and Time Warner Inc.

FOOTNOTES

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 4:45 p.m. (ET) on February 27, 2013. 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.
 

NOTES

Unless otherwise noted, the foregoing discussion compares financial information for the three months and 12 months ended December 31, 2012 to the same period in 2011.

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