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.
