CHICAGO (Standard&Poor's) Nov. 10, 2008--Standard&Poor's Ratings Services said today that its ratings on Liberty Media Corp., including the 'BB+' corporate credit rating, remain on CreditWatch with negative implications, where we initially placed them on Sept. 4, 2008 following the Liberty board of directors' authorization to proceed with a plan to distribute the businesses and assets attributed to Liberty Entertainment to existing Liberty Entertainment tracking stockholders. The split-off was originally expected to take place in fourth-quarter 2008. However, due to adverse conditions in the stock and credit markets, the company is postponing the split-off to first-quarter 2009 or, we believe, possibly indefinitely. Furthermore, the assets to be split off could be reconsidered as well. In the initial
