UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): November 14, 2022

LIBERTY MEDIA CORPORATION

(Exact name of registrant as specified in its charter)

12300 Liberty Blvd.

Englewood, Colorado 80112

(Address of principal executive offices and zip code)

Registrant's telephone number, including area code: (720) 875-5400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

Formula 1 is hosting a lender presentation on November 14, 2022 in connection with the proposed refinancing of its $2.9 billion term loan B facility and $500 million first lien revolving credit facility, which is expected to be refinanced with a combination of a new $725 million term loan A (with an expected maturity of approximately 5 years), a $1.7 billion term loan B (with an expected maturity of approximately 7 years) and a $500 million revolving credit facility (with an expected maturity of approximately 5 years), and the use of approximately $500 million of cash on Formula 1’s balance sheet.

In advance of the lender presentation, Liberty Media Corporation (the “Company”) is furnishing to the Securities and Exchange Commission (the “SEC”) a slide from such lender presentation containing certain results of operations and financial condition of its Formula 1 business.

The lender presentation is being made available only to prospective lenders of Formula 1 and will not be made available to the public.

This Item 2.02/7.01 and the presentation excerpt attached hereto as Exhibit 99.1 is being furnished to the SEC and shall not be deemed to be “filed” for any purpose.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 14, 2022