Live Meeting client has a really nice feature that allow the meeting to be recorded for viewing later either by people that could not attend or by people that want to review the meeting again.
The most common request I hear is that people want to save the recording in a more available format for easier offline viewing or distribution. Well, Microsoft listened and created a tool that converts the LM recording to a WMV file.
Simply download and install it.
When you have used the normal LM Recording Manager and processed the recording start the LM Recording Converter tool and start a conversion from LM to VMW
The tool is not perfect but it does its job fairly well and should be suitable for most people.