Montgomery, McCracken, Walker & Rhoads Announces Settlement Hearing Scheduled August 6, 2012; If you owned directly or beneficially Series B Liberty Entertainment Tracking Stock as of October 9, 2009, Your Rights May be Affected

WILMINGTON, Del., June 8, 2012 /PRNewswire/ -- The following statement is being issued by Montgomery, McCracken, Walker & Rhoads, LLP regarding Liberty Media Tracking Stock Litigation.

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

BLACKTHORN PARTNERS, L.P., a Delaware limited partnership, on behalf of itself and all others similarly situated, Plaintiff, v. JOHN C. MALONE, EVAN D. MALONE, GREGORY B. MAFFEI, ROBERT R. BENNETT, DONNE F. FISHER, MALCOLM IAN GRANT GILCHRIST, PAUL A. GOULD, DAVID E. RAPLEY, M. LAVOY ROBINSON, and LARRY E. ROMRELL Defendants. C.A. No. 5260-CS

TO: ALL BENEFICIAL AND RECORD OWNERS OF SERIES B LIBERTY ENTERTAINMENT TRACKING STOCK (CUSIP: 53071M609; TICKER SYMBOL: LMDIB) AS OF OCTOBER 9, 2009, OTHER THAN DEFENDANTS AND THEIR AFFILIATES.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Court of Chancery for the State of Delaware, that a hearing will be held on August 6, 2012 at 10:00 a.m., at the New Castle County Courthouse, 500 North King Street, Wilmington, Delaware 19801, for the purpose of: (1) determining whether a settlement (the "Settlement") of the claims asserted against the Defendants in the case captioned above (the "Ac­tion") should be approved by the Court as fair, reasonable, adequate and in the best interests of the Class (as defined in an order entered in the Action on January 14, 2011); (2) determining whether an Order and Final Judgment dismissing the Action with prejudice and extinguishing and releasing all Settled Claims (as defined in the Stipulation and Agreement of Compromise, Settlement and Release filed in the Ac­tion (the "Stipulation")) should be entered by the Court; (3) considering the application of Blackthorn's counsel in the Action for an award of attorneys' fees and expenses as provided in the Stipulation; and (4) ruling on such other matters as the Court may deem appropriate. If you owned directly or beneficially Series B Liberty Entertain­ment Tracking Stock as of October 9, 2009, your rights are affected by the Settle­ment. If you have not received a copy of the detailed NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT OF CLASS ACTION, SETTLEMENT HEARING AND RIGHT TO APPEAR, Proof of Claim form and Substitute Form W-9, you may obtain copies by immediately writing to Liberty Media Shareholder Litiga­tion Settlement, c/o Heffler Claims Administration, P.O. Box 59090, Philadelphia, PA 19102-9090, or you can download copies at www.LMDIBsettlement.hrsclaims.com. If you are a member of the Class, you must submit a Proof of Claim form and/or Sub­stitute Form W-9 and supporting documentation no later than August 7, 2012, in order to obtain a payment under the terms of the Settlement. PLEASE DO NOT CONTACT THE COURT ABOUT THE SETTLEMENT. If you have any questions about the Settlement, you may contact Class counsel: R. Montgomery Donaldson, Esquire, MONTGOMERY, McCRACKEN, WALKER & RHOADS, LLP, 1105 North Market Street, Suite 1500, Wilmington, Delaware 19801, (302) 504-7840 or go to the website: www.LMDIBsettlement.hrsclaims.com.

SOURCE Montgomery, McCracken, Walker & Rhoads, LLP