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)||1Q11||2Q11||3Q11||4Q11||1Q12|
|Subscription units – Starz||18.8||19.0||19.0||19.6||20.1|
|Subscription units – Encore||33.1||32.9||32.8||33.2||33.6|