Liberty: Discovery Spinoff July 15

Liberty Media Corp. has set July 15 as the record date for its planned spinoff of Discovery Holding Co., a separate publicly traded entity that will include its 50% interest in Discovery Communications Inc. and its 100% stake in Ascent Media Group.

In a press release, Liberty said that in the spinoff, holders of Liberty series-A and series-B common stock will receive 0.10 shares of the corresponding series of DHC stock for every Liberty share they own.

DHC shares are expected to be distributed on or about July 21, and they will be listed on the NASDAQ stock exchange under the symbols “DISCA” and “DISCB.”