Liberty Completes Final Stage of IDT Entertainment Acquisition
30 9월 2006 - 6:29AM
PR Newswire (US)
ENGLEWOOD, Colo. and NEWARK, N.J., Sept. 29 /PRNewswire-FirstCall/
-- Liberty Media Corporation (NASDAQ:LINTANASDAQ:LCAPA) and IDT
Corporation (NYSE:IDTNYSE:IDT.C) announced today the completion of
the final stage of Liberty's acquisition of IDT's Entertainment
Division. Today's closing encompasses the division's Australian and
Canadian operations and follows the closing of the U.S. and U.K.
operations which occurred on August 24, 2006. Liberty Media
Corporation is a holding company that owns interests in a broad
range of electronic retailing, media, communications and
entertainment businesses. Those interests are attributed to two
tracking stock groups: the Liberty Interactive group, which
includes Liberty's interests in QVC, Provide Commerce,
IAC/InterActiveCorp and Expedia, and the Liberty Capital group,
which includes all of Liberty's assets that are not attributed to
the Liberty Interactive group, including Liberty's interests in
Starz Entertainment Group and News Corporation. Starz Entertainment
Group LLC (SEG) is a premium movie service provider operating in
the United States. SEG offers 16 movie channels including the
flagship Starz(R) and Encore(R) brands with approximately 14.6
million and 26.4 million subscribers respectively. Starz
Entertainment Group airs more than 1,000 movies per month across
its pay TV channels and offers advanced services including Starz
HDTV, Starz On Demand and Vongo(SM). Starz Entertainment Group is a
wholly-owned subsidiary of Liberty Media Corporation that is
attributed to Liberty Capital Group. http://www.starz.com/. IDT
Corporation is an innovative and opportunistic multinational
holding company with operations that span various industries.
Through its Telecom subsidiary, IDT provides telecommunications
services worldwide to the retail and wholesale markets. IDT's
Capital division incubates newer businesses, and the company's
Spectrum subsidiary holds its spectrum license assets. IDT Telecom
provides retail and wholesale telecommunications services and
products, including pre-paid and rechargeable calling cards,
consumer local, long distance, and wireless phone services, and
wholesale carrier services. Through Net2Phone, the company also
provides a range of voice over Internet protocol (VoIP)
communications services. IDT Capital's operations include an Energy
Services Company (ESCO) in New York State, ethnic food
distribution, brochure distribution and other initiatives. IDT
Corporation's Class B Common Stock and Common Stock trade on the
New York Stock Exchange under the ticker symbols IDT and IDT.C,
respectively. DATASOURCE: Liberty Media Corporation CONTACT: John
Orr of Liberty Media Corporation, +1-720-875-5622; or Tom Southwick
of Starz, +1-720-852-5821; or Gil Nielsen of IDT Corporation,
+1-973-438-3553
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