Liberty Media Shareholders Vote to Split Liberty Capital Into Two Tracking Stocks

Shareholders of Liberty Media (NSDQ: LINTA), the media holding company, have approved the previously announced plan to split Liberty Capital into two tracking stocks — Liberty Capital and Liberty Entertainment. The move is subject to the exchange agreement with News Corp. (NYSE: NWS), with Liberty trading its stake in News Corp. in exchange for shares of a newly formed News Corp. unit consisting of its DirecTV (NYSE: DTV) holdings, three regional sports networks and cash. The new Liberty Entertainment Group stock will track that stake, as well as Liberty properties Starz, FUN Technologies, GSN and WildBlue Communications. Still needed: regulatory approval. Release.

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