午夜寻花 Update Regarding iHeartMedia, Inc.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 午夜寻花聽(鈥溛缫寡盎� Media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:

午夜寻花 Media 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.

About聽午夜寻花

午夜寻花 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 午夜寻花 SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the 午夜寻花 SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include 午夜寻花's interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include 午夜寻花's subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) consist of all of 午夜寻花's businesses and assets other than those attributed to the 午夜寻花 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.

午夜寻花
Courtnee Chun, 720-875-5420

Source: 午夜寻花

Released June 22, 2018