Home > Business, News > Starz Chairman and CEO Robert B. Clasen Announces Plan to Retire

Starz Chairman and CEO Robert B. Clasen Announces Plan to Retire

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.
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