BALA CYNWYD, Pa., May 5, 2009 (GLOBE NEWSWIRE) -- Law offices of Brodsky & Smith, LLC announces that it is investigating the legal ramifications of the proposed merger of The DirecTV Group, Inc. ("DIRECTV" or the "Company") (Nasdaq:DTV) with Liberty Media Corporation ("Liberty"). DIRECTV and Liberty entered into definitive agreements for and related to the combination of DIRECTV with Liberty Entertainment, Inc., a wholly owned subsidiary of Liberty. Under the terms of the agreement, DIRECTV will issue two classes of stock: Class A, which will be publicly listed and will entitle each holder of such shares to one vote per share, and Class B, which will not be publicly listed and which will entitle each holder of such shares to 15 votes per share. The holders of the common stock of DIRECTV will be entitled to receive one share of DIRECTV class A common stock for each share of DIRECTV common stock held.
If you are a DIRECTV shareholder and wish to discuss the legal ramifications of the proposed merger with Liberty, you may e-mail or call the law offices of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.