Standard&Poor's Ratings Services placed its 'BB-' corporate credit rating, as well as the 'BB-' senior unsecured debt rating, on Englewood, Colo.-based Liberty Media Corp. on CreditWatch with developing implications on June 25, 2010, meaning we could raise, lower, or affirm the ratings following our review. The CreditWatch placement was based on the company's plan to separate its Liberty Capital and Liberty Starz tracking stock groups from its Liberty Interactive tracking stock group. The plan would create a newly formed company (referred to as "Newco") encompassing the operations and assets of Liberty Capital and Liberty Starz. The proposed split-off will be effected by the redemption of all the outstanding shares of Liberty Capital and Liberty Starz tracking stocks in
