Liberty Media Corporation ( LSTZA)

Q3 2011 Earnings Call

November 8, 2011 11:15 a.m. ET

Executives

Gregory Maffei – President, Chief Executive Officer

Christopher Shean – EVP, Chief Financial Officer

Chris Albrecht – President, CEO, Starz LLC

Analysts

Doug Mitchelson – Deutsche Bank

James Ratcliffe – Barclays Capital

Brandon Ross – BTIG

Benjamin Mogil – Stifel Nicolaus

Tony Wible – Janney Capital Markets

Martin Pyykkonen – Wedge Partners

Barton Crockett – Lazard Capital Market

Presentation

Operator

Good day and welcome to the Liberty Media Corporation quarterly earnings conference call. Today’s call is being recorded. This call includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements of our financial guidance, business strategies, market potential, future financial performance, new service and product launches and other materials that are not historical facts.

These forward-looking statements involves many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including without limitation possible changes and market acceptance of new products or services, competitive issues, regulatory issues that continue to assess the capital on terms acceptable to Liberty Media. These forward-looking statements speak only as of the date of this call and Liberty Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Media’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

On today’s call we will discuss certain non-GAAP financial measures including adjusted or EBITDA. The required definitions and reconciliations, preliminary notes, and schedules one, two, three, can be found at the end of the presentation. At this time for open the remarks and introduction I would like to turn the call over to the President and Chief Executive Officer Mr. Greg Maffei. Please go ahead sir.

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