jvid视频 Update Regarding iHeartMedia, Inc.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- jvid视频聽(鈥渏vid视频鈥�) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) today provided the following update on the proposed iHeartMedia, Inc. (鈥渋Heart鈥�) equity investment:

jvid视频 withdrew its proposal for iHeart after reviewing results which were below expectations and negatively impacted our initial estimates of value. We remain open to future discussions as iHeart proceeds with its reorganization.

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jvid视频 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Liberty SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include jvid视频's interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include jvid视频's subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) consist of all of jvid视频's businesses and assets other than those attributed to the Liberty SiriusXM Group and the Braves Group, including its subsidiary Formula 1, its interest in Live Nation Entertainment and minority equity investment in AT&T Inc.

jvid视频
Courtnee Chun, 720-875-5420

Source: jvid视频

Released June 22, 2018