Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Class Action

SAN DIEGO, Feb. 24, 2011 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an order of the United States District Court, Central District of California, Western Division:

TO: ALL PERSONS AND ENTITIES WHO HELD THE COMMON STOCK OF INTERMIX MEDIA, INC. ("INTERMIX") CONTINUOUSLY FROM JULY 18, 2005 (THE DATE THAT THE ACQUISITION OF INTERMIX BY THE NEWS CORPORATION FOR $12.00 PER SHARE (THE "ACQUISITION") WAS PUBLICLY ANNOUNCED) THROUGH AND INCLUDING SEPTEMBER 30, 2005 (THE CLOSING DATE OF THE ACQUISITION).

PLEASE READ THIS NOTICE CAREFULLY.  YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Central District of California, Western Division (the "Court"): that a settlement of this litigation (the "Action") for $45 million in cash for the benefit of the Class has been proposed.

A hearing will be held before the Honorable George H. King, at the Edward R. Roybal Federal Building and Courthouse, 255 East Temple Street, Los Angeles, CA 90012, at 9:30 a.m. on May 16, 2011 (i) to determine whether the proposed Settlement should be approved by the Court as fair, reasonable, and adequate; (ii) to determine whether the Settled Claims against Defendants and other Released Persons should be dismissed with prejudice; (iii) to determine whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) to consider the application of Plaintiff's Lead Counsel for attorneys' fees and expenses.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED BY THE PENDING SETTLEMENT, AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND.  If you have not yet received the full printed Notice of Settlement of Class Action (the "Notice") and Proof of Claim and Release form (the "Claim Form"), you may obtain copies of these documents by contacting the Claims Administrator:

Copies of the Notice and Claim Form may also be downloaded from the Claims Administrator's website at www.gilardi.com.

If you are a Class Member, in order to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form no later than June 22, 2011.  If you are a Class Member and did not timely and validly exclude yourself in accordance with the Notice of Pendency of Class Action mailed to former Intermix shareholders in November and December 2009, you will be bound by any Judgment entered in the Action whether or not you make a claim.  Any objections to the proposed Settlement, Plan of Allocation, and/or application for attorneys' fees and expenses must be filed with the Court and delivered to Plaintiff's Lead Counsel and Defendants' Counsel no later than April 21, 2011 in accordance with the instructions set forth in the Notice.  If you are a Class Member and do not submit a proper Claim Form, you will not share in the Settlement Fund but you will nevertheless be bound by the Judgment of the Court.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  Inquiries, other than requests for the Notice and Claim Form, may be made to Plaintiff's Lead Counsel:

Further information may be obtained by contacting the Claims Administrator.

By Order of The Court

SOURCE Robbins Geller Rudman & Dowd LLP