NEW YORK (Standard&Poor's) May 17, 2006--Standard&Poor's Ratings Services said today its ratings, including the 'BB+' corporate credit rating, on Englewood, Colo.-based Liberty Media Corp. remain on CreditWatch, where they were placed with negative implications on Nov. 10, 2005. Liberty announced on May 16, 2006, that it entered into a binding term sheet to acquire IDT Entertainment Inc. from IDT Corp. IDT Entertainment is a creator of computer graphic (CG) animated and live action programming. "The CreditWatch listing continues to reflect uncertainty surrounding Liberty's longer-term plan regarding its Liberty Capital and Liberty Interactive tracking stocks, which may or may not lead to a spin-off," said Standard&Poor's credit analyst Andy Liu. Liberty will need to own
