Starz Chairman and CEO Robert B. Clasen Announces Plan to Retire
20 August 2009 - 5:30AM
PR Newswire (US)
ENGLEWOOD, Colo., Aug. 19 /PRNewswire/ -- Starz, LLC, today
announced that Robert B. Clasen, chairman and CEO of Starz, LLC,
plans to retire around year-end. "During his 40-year career in the
industry, Bob has demonstrated his vision and management skills in
every phase of the business," said John Malone, chairman of Liberty
Media. "He has been a valuable member of our top management team
and I thank Bob for his leadership and contributions." "Bob has
been critical in the transformation and success of Starz," said
Greg Maffei, president and CEO of Liberty Media. "During his
tenure, Starz grew subscribers, doubled cash flow, expanded
original programming and added new services. Bob has been a great
asset to Starz and we are pleased he will remain with us for the
coming months to assist with the transition." "No job has provided
a greater measure of excitement and satisfaction than my tenure
with Starz," Clasen said. "It has been a privilege to be a part of
such a talented group of people and I am extremely proud of the
performance and financial results we have achieved. Our experienced
management, creative team, and overall employee base have created
the exceptional businesses that bring Starz programming to millions
of viewers worldwide. Our management team has never been stronger,
and Starz is well-positioned for success in the years ahead. I will
always be grateful to John, Greg, and Starz founder John Sie for
giving me this incredible opportunity." Clasen joined Starz
Entertainment in 2003, and assumed the position of CEO of Starz,
LLC, after Liberty Media Corp. acquired the entertainment assets of
IDT Corp. in 2006, creating Starz Media. Under his leadership,
Starz and Encore subscriber levels grew by 20 percent and cash flow
more than doubled. Starz became a leader in new products such as on
demand, HD and Internet delivery of movies. Clasen launched a new
movie studio, Overture Films, put the home video, syndication, and
animation businesses on a sound financial footing and led the
development of original programming for the channels, including the
acclaimed and anticipated new series "Spartacus: Blood and Sand"
that will premiere in January 2010. Liberty Media will conduct a
search for a new CEO and Clasen will remain with Starz until the
search is completed. Starz, LLC, is a controlled subsidiary that
operates Starz Media and Starz Entertainment
(http://www.starz.com/). Starz Media and Starz Entertainment are
attributed respectively to Liberty Capital Group (NASDAQ:LCAPA) and
Liberty Entertainment Group (NASDAQ:LMDIA), tracking stock groups
of Liberty Media Corporation. Contacts: Courtnee Ulrich Tom
Southwick Liberty Media Starz , LLC (720) 875-5420 (720) 852-5821
Heather Oshiro Liberty Media (720) 875-5433 DATASOURCE: Starz, LLC
CONTACT: Courtnee Ulrich, +1-720-875-5420, , or Heather Oshiro,
+1-720-875-5433, , both of Liberty Media; or Tom Southwick of Starz
, LLC, +1-720-852-5821, Web Site: http://www.starz.com/
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