Court of Appeals Affirms Judgment

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UNITED STATES COURT OF APPEALS AFFIRMS JUDGMENT
IN KENTUCKY SPEEDWAY LITIGATION

DAYTONA BEACH, Fla. – December 11, 2009 – International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) ("ISC") today announced the United States Court of Appeals for the Sixth Circuit has affirmed the lower court’s ruling in which it dismissed, in its entirety, the civil antitrust action brought by Kentucky Speedway, LLC against ISC and the National Association for Stock Car Auto Racing (“NASCAR”).    

“We are extremely pleased with today’s decision by the appeals court,” said ISC Chief Executive Officer Lesa France Kennedy.  “This ruling again reaffirms the validity of a business model that has significantly benefited the sport’s fans, business partners and other industry constituents for more than fifty years.  Further, this confirms NASCAR, much like other sport properties such as the NFL, MLB and the NBA, has the right to host its events when and where it decides is best for the sport and its fans.” 

International Speedway Corporation is a leading promoter of motorsports activities, currently promoting more than 100 racing events annually as well as numerous other motorsports-related activities.  The Company owns and/or operates 13 of the nation’s major motorsports entertainment facilities, including Daytona International Speedway® in Florida (home of the Daytona 500®); Talladega Superspeedway® in Alabama; Michigan International Speedway® located outside Detroit; Richmond International Raceway® in Virginia; Auto Club Speedway of Southern CaliforniaSM near Los Angeles; Kansas Speedway® in Kansas City, Kansas; Phoenix International Raceway® in Arizona; Chicagoland Speedway® and Route 66 RacewaySM near Chicago, Illinois;  Homestead-Miami SpeedwaySM in Florida; Martinsville Speedway® in Virginia; Darlington Raceway® in South Carolina; and Watkins Glen International® in New York.  In addition, ISC promotes major motorsports activities in Montreal, Quebec, through its wholly owned subsidiary, Stock-Car Montreal.

The Company also owns and operates MRN® Radio, the nation's largest independent sports radio network; the Daytona 500 ExperienceSM, the “Ultimate Motorsports Attraction” in Daytona Beach, Florida, and official attraction of NASCAR®; and Americrown Service CorporationSM, a subsidiary that provides catering services, food and beverage concessions, and produces and markets motorsports-related merchandise.  In addition, ISC has an indirect 50 percent interest in Motorsports Authentics®, which markets and distributes motorsports-related merchandise licensed by certain competitors in NASCAR racing.  For more information, visit the Company's Web site at www.iscmotorsports.com. 

 

 

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