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Ascent Media Corporation Stock

Shareholder Information
Financial Information

 

Ascent Media Corporation Stock

What is Ascent Media Corporation?
Ascent Media Corporation is a holding company.  Through our principal operating subsidiary, Ascent Media Group, LLC, we are primarily engaged in the business of providing creative and network services to the media and entertainment industries in the United States, the United Kingdom and Singapore.

 

How many series of common stock does Ascent Media Corporation have outstanding?
We have two series of common stock outstanding:

• our series A common stock trades on NASDAQ under the symbol ASCMA
• our series B common stock is quoted on the OTC Bulletin Board, under the symbol ASCMB.

What is the difference between the series A and series B common stock?

• The series A stock (ASCMA) has one vote per share, while the series B stock (ASCMB) has ten votes per share.
• The series B stock is convertible at any time on a one-for-one basis for series A stock. The series A stock is not convertible or exchangeable.
• The series A stock is broadly held and actively traded; the series B stock is held by a relatively small number of holders and thinly traded.

How many shares of Ascent Media Corporation stock are outstanding?
As of October 31, 2008, Ascent Media Corporation has 13,399,099 Series A and 659,732 Series B shares outstanding.

How do I buy Ascent Media Corporation stock?
Ascent Media Corporation has no direct stock purchase program.  You can purchase Ascent Media Corporation stock through a broker.

What is Ascent Media Corporation's fiscal year?
Ascent Media Corporation's fiscal year runs from January 1 to December 31.

Does Ascent Media Corporation intend to pay cash dividends?
Ascent Media Corporation does not currently intend to pay cash dividends on its outstanding common stock. Any decisions regarding dividends will be made by our board of directors from time to time, in accordance with applicable law.

What year did Ascent Media Corporation become incorporated?
Ascent Media Corporation was incorporated on May 29, 2008.

 

When did Ascent Media Corporation become a public company?
Ascent Media Corporation was spun off as a separate public company on September 17, 2008, as a dividend payable to holders of Discovery Holding Company common stock.   In the spin off, Discovery Holding Company distributed one share of Ascent Media Corporation common stock for each 20 shares of Discovery Holding Company common stock outstanding.  Holders of Discovery Holding Company series A common stock received shares of Ascent Media Corporation series A common stock in the spin off, and holders of Discovery Holding Company Series B common stock received shares of Ascent Media Corporation series B common stock.  More information about the tax treatment of the spin off for Ascent Media Corporation shareholders who received Ascent Media Corporation common stock as dividends on their Discovery Holding Company common stock can be found at: Click here.

 

Is Ascent Media Corporation currently affiliated with Discovery Holding Company?
No.  Ascent Media Corporation and Discovery Holding Company are separate companies and are no longer affiliated with each other. 

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Shareholder Information

 

How do I obtain information about my account or transfer ownership of my stock?
You can contact Ascent Media Corporation's transfer agent at:

Computershare Trust Company, N.A.
250 Royall Street
Canton, MA 02021
Telephone:  (877) 453-1510

Please refer any questions related to the following types of information to our transfer agent:

• address changes
• stock certificates
• share transfers
• unpaid dividends

However, if you own shares through a brokerage firm, you need to contact the brokerage firm directly to change your account address.

 

What is a transfer agent?
A transfer agent and registrar for a publicly held company keeps records of every outstanding stock certificate and the name of the person to whom it is registered. When stock changes hands, the transfer agent updates the record of ownership of the stock. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited.  Ascent Media Corporation's transfer agent is Computershare.  The transfer agent does not maintain records of shares bought and sold through brokerage accounts and held in "street name".  Those records are maintained by the specific brokerages through whom shares are bought and sold.

 

Where can I find additional information about Ascent Media Corporation?
Ascent Media Corporation is subject to the information and reporting requirements of the Securities Exchange Act of 1934 and, in accordance with the Exchange Act, is required to file periodic reports, proxy statements and other information with the SEC.  You may review copies of any such information, including any exhibits and schedules thereto, at the SEC's public reference room, located at 100 F Street, N.E., Washington, D.C. 20549, as well as on the Internet website maintained by the SEC at www.sec.gov.  You may also request a copy of any of our filings with the SEC at no cost, by writing or emailing to:

 

Ascent Media Corporation

Investor Relations
520 Broadway, 5th Floor
Santa Monica, CA 90401
email: investor@ascentmedia.com

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Financial Information

When will Ascent Media Corporation report financial results?
Ascent Media Corporation will report its financial results through its SEC filings.  For the fiscal year ended December 31, 2008, Ascent Media Corporation will file its Form 10-K on or before March 31, 2009, and will file its Form 10-Qs, which contain the interim 2009 financial results, within 45 days after the end of its first, second and third fiscal quarters.

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