Ascent Entertainment Comments on Senior Secured Discount Notes

Apr 27, 2001, 01:00 ET from Liberty Media Corporation

    DENVER, April 27 /PRNewswire/ -- Ascent Entertainment Group, Inc., a
 wholly owned subsidiary of Liberty Media Corporation (NYSE:   LMG.A, LMG.B),
 commented today on its 11 7/8% Senior Secured Discount Notes Due 2004 that
 remain outstanding.  Under the terms of the indenture for the Notes, Ascent is
 required to make an offer to repurchase all of the outstanding bonds within
 one year from the sale of certain assets if it does not reinvest the proceeds
 from such sale in replacement assets or apply the proceeds to certain existing
 outstanding indebtedness.  Ascent's sale of the sports teams in 2000
 constituted a sale of assets for purposes of the indenture.  At this time,
 Ascent continues to evaluate various options with respect to its obligations
 on the remaining outstanding bonds, however, no final determination has been
 made.
 
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SOURCE Liberty Media Corporation
    DENVER, April 27 /PRNewswire/ -- Ascent Entertainment Group, Inc., a
 wholly owned subsidiary of Liberty Media Corporation (NYSE:   LMG.A, LMG.B),
 commented today on its 11 7/8% Senior Secured Discount Notes Due 2004 that
 remain outstanding.  Under the terms of the indenture for the Notes, Ascent is
 required to make an offer to repurchase all of the outstanding bonds within
 one year from the sale of certain assets if it does not reinvest the proceeds
 from such sale in replacement assets or apply the proceeds to certain existing
 outstanding indebtedness.  Ascent's sale of the sports teams in 2000
 constituted a sale of assets for purposes of the indenture.  At this time,
 Ascent continues to evaluate various options with respect to its obligations
 on the remaining outstanding bonds, however, no final determination has been
 made.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X69545549
 
 SOURCE  Liberty Media Corporation