FAQ

Liberty Media Corporation owns interests in a broad range of media, entertainment and sports businesses. Those interests are attributed to two tracking stock groups: the Liberty Live Group and the Formula One Group.

• The Liberty Formula One common stock and the Liberty Live common stock are intended to track and reflect the economic performance of the businesses, assets and liabilities attributed to the Formula Group and the Liberty Live Group, respectively.
• Series A common stock has one vote per share, Series B common stock has ten votes per share and Series C common stock is non-voting stock (subject to certain exceptions in the case of Series C common stock).
• Series B common stock is exchangeable at any time by the holder on a one-for-one basis for Series A common stock. Series A and Series C common stock are not exchangeable at any time by the holder of such stock.

• The Series A and Series C Liberty Formula One common stock trade on the Nasdaq Global Select Market under the stock symbols FWONA and FWONK, respectively. The Series B Liberty Formula One common stock is quoted on the OTC Markets under the symbol FWONB.
• The Series A and Series C Liberty Live common stock trade on the Nasdaq Global Select Market under the stock symbols LLYVA and LLYVK, respectively. The Series B Liberty Live common stock is quoted on the OTC Markets under the symbol LLYVB.

On September 9, 2024, Liberty Media competed the transaction with Sirius XM whereby the Liberty SiriusXM tracking stock group was separated by means of a redemptive split-off into a separate company. This company was subsequently combined with Sirius XM Holdings Inc. to create a new public company that continues to operate under the Sirius XM name and brand (NASDAQ: SIRI). As a result, Liberty SiriusXM is no longer a tracking stock group of Liberty Media.

No additional action needs to be taken by shareholders. As part of the transaction, Liberty SiriusXM shareholders received [0.83] shares of the new Sirius XM common stock (NASDAQ: SIRI) for each outstanding share of Liberty SiriusXM common stock previously held, with cash paid in lieu of fractional shares. If you have further questions, please call Broadridge, Liberty Media Corporation’s transfer agent at (888) 789-8415.

The split-off and reclassification were structured not to be taxable to Liberty shareholders; additional information on tax implications can be found in the filed S-4 here.

• The split-off and reclassification were structured not to be taxable to Liberty shareholders; additional information on tax implications can be found in the filed S-4 here.

• No additional action needs to be taken by shareholders. In the reclassification, each outstanding share of Liberty SiriusXM common stock was reclassified into one share of the corresponding series of new Liberty SiriusXM common stock and 0.2500 of a share of the corresponding series of Liberty Live common stock, and each outstanding share of Liberty Formula One common stock was reclassified into one share of the corresponding series of new Liberty Formula One common stock and 0.0428 of a share of the corresponding series of Liberty Live common stock. If you have further questions, please call Broadridge, Liberty Media Corporation’s transfer agent at (888) 789-8415.

• Liberty Media completed the split-off of Atlanta Braves Holdings, Inc. on July 18, 2023. As a result, Liberty Media and Atlanta Braves Holdings are separate publicly traded companies. Atlanta Braves Holdings consists of the assets and liabilities previously attributed to the Braves Group tracking stock of Liberty Media, including the Atlanta Braves baseball club and the associated mixed-use development project, The Battery Atlanta. Atlanta Braves Holdings, Inc. stock trades under the same tickers as the previous Braves Group tracking stock (NASDAQ: BATRA, BATRK; OTC: BATRB).

Each holder of the then-Liberty Media Corporation Series A common stock received 0.25 of a share of Liberty Interactive Series A common stock and 0.05 of a share of Liberty Capital Series A common stock for each share of old Liberty Series A common stock held; and each holder of the then-Liberty Media Corporation Series B common stock received 0.25 of a share of Liberty Interactive Series B common stock and 0.05 of a share of Liberty Capital Series B common stock for each share of old Liberty Series B common stock held.

With the reclassification of Liberty Capital in March 2008, each holder of Liberty Capital group Series A common stock received 4 shares of Liberty Entertainment Series A common stock and maintained existing holdings of Liberty Capital group Series A common stock.

Each holder of Liberty Capital group Series B common stock received 4 shares of Liberty Entertainment Series B common stock and maintained existing holdings of Liberty Capital group Series B common stock.

Shares of Liberty Interactive were not affected by the reclassification of the Liberty Capital common stock.

Each holder of Liberty Interactive Corporation's Liberty Capital Series A common stock received 1 share of Liberty Media's Liberty Capital Series A common stock.

Each holder of Liberty Interactive Corporation's Liberty Capital Series B common stock received 1 share of Liberty Media's Liberty Capital Series B common stock.

Each holder of Liberty Interactive Corporation's Liberty Starz Series A common stock received 1 share of Liberty Media's Liberty Starz Series A common stock.

Each holder of Liberty Interactive Corporation's Liberty Starz Series B common stock received 1 share of Liberty Media's Liberty Starz Series B common stock.

On November 28, 2011, Liberty Media eliminated its tracking stock structure by converting each share of its Liberty Starz common stock into 0.88129 of a share of the corresponding series of Liberty Capital common stock. In connection with that transaction, Liberty Capital common stock began trading under the new Nasdaq symbols of LMCA and LMCB beginning on November 29, 2011. The ticker symbols LCAPA and LCAPB are no longer used.

On November 28, 2011, Liberty Media eliminated its tracking stock structure by converting each share of its Liberty Starz common stock into 0.88129 of a share of the corresponding series of Liberty Capital common stock. In connection with that transaction, Liberty Capital common stock began trading under the new Nasdaq symbols of LMCA and LMCB beginning on November 29, 2011. Investors can no longer purchase LSTZA and LSTZB shares.

Liberty Media has no direct stock purchase plan. You can purchase Liberty Formula One common stock or Liberty Live common stock through a broker.

On May 9, 2006, shares of the entity formerly known as Liberty Media Corporation were exchanged for shares of the Liberty Interactive and Liberty Capital tracking stocks and the old Liberty Media Corporation Series A and Series B shares, which traded under the L and LMC.B ticker symbols, ceased trading. Investors can no longer purchase L or LMC.B shares.

On March 3, 2008, holders of Liberty Capital tracking stock were issued shares of Liberty Entertainment tracking stock.

On November 20, 2009, holders of Liberty Entertainment tracking stock were issued shares of DIRECTV and Liberty Starz tracking stock. Liberty Entertainment Series A and Series B shares, which traded under the LMDIA and LMDIB ticker symbols, ceased trading.

On September 23, 2011, Liberty Interactive Corporation redeemed all of the shares of its Liberty Capital common stock in exchange for shares of Liberty Media's Liberty Capital common stock, and redeemed all of the shares of its Liberty Starz common stock for shares of Liberty Media's Liberty Starz common stock.

Following these redemptions, Liberty Media, which previously existed as a subsidiary of Liberty Interactive Corporation, was split-off from Liberty Interactive Corporation. The redemptions and split-off had no effect on the holders of Liberty Interactive common stock. Liberty Interactive Corporation (now known as Qurate Retail, Inc.) and Liberty Media are now two separate publicly traded companies and are not affiliated with each other.

On November 28, 2011, Liberty Media eliminated its tracking stock structure by converting each share of its Liberty Starz common stock into 0.88129 of a share of the corresponding series of Liberty Capital common stock. In connection with that transaction, Liberty Capital common stock began trading under the new Nasdaq symbols of LMCA and LMCB beginning on November 29, 2011.

On January 11, 2013, Liberty Media Corporation (formerly known as Liberty Spinco, Inc.) was spun-off from Starz (formerly known as Liberty Media Corporation). The spin-off was accomplished by the distribution by Starz of a dividend of one share of Liberty Media Corporation’s Series A common stock for each outstanding share of Starz’s Series A Liberty Capital common stock, and one share of Liberty Media Corporation’s Series B common stock for each outstanding share of Starz’s Series B Liberty Capital common stock held as of January 10, 2013. The Liberty Media common stock continued to trade under the Nasdaq symbols of LMCA and LMCB.

In April 2016, Liberty Media reclassified its common stock into three tracking stocks and each holder of Liberty Media Corporation’s former Series A, Series B and Series C common stock received 1 share of the corresponding series of Liberty SiriusXM common stock (tickers LSXMA/LSXMB/LSXMK), 0.1 of a share of the corresponding series of Liberty Braves common stock (tickers BATRA/BATRB/BATRK) and 0.25 of a share of the corresponding series of Liberty Media common stock (tickers LMCA/LMCB/LMCK).

In January 2017, Liberty Media changed the name of its Liberty Media common stock to Liberty Formula One common stock (tickers FWONA/FWONB/FWONK) in connection with Liberty Media’s acquisition of the Formula 1 business.

In July 2023, Liberty Media completed the split-off of Atlanta Braves Holdings, Inc. As a result, Liberty Media and Atlanta Braves Holdings, Inc. are separate publicly traded companies.

In August 2023, Liberty Media reclassified its existing Liberty SiriusXM common stock and Liberty Formula One common stock into three new tracking stocks: Liberty SiriusXM Group (tickers LSXMA/LSXMB/LSXMK), Liberty Formula One Group (tickers FWONA, FWONB, FWONK) and Liberty Live Group (ticker LLYVA, LLYVB, LLYVK).

In September 2024, Liberty Media competed a transaction with Sirius XM whereby the Liberty SiriusXM tracking stock group was separated by means of a redemptive split-off into a separate company. This company was subsequently combined with Sirius XM Holdings Inc. to create a new public company that continues to operate under the Sirius XM name and brand (NASDAQ: SIRI). As a result, Liberty SiriusXM is no longer a tracking stock group of Liberty Media.

The 2008 reclassification and issuance of the Liberty Interactive, Liberty Entertainment and Liberty Capital tracking stocks was structured not to be taxable to shareholders.

In November 20, 2009, shares of Liberty Entertainment were exchanged for shares of DIRECTV and the Liberty Starz tracking stock and the old Liberty Entertainment Series A and Series B shares ceased trading. Investors can no longer purchase LMDIA or LMDIB shares.

The split-off of Liberty Entertainment, Inc. and business combination with DIRECTV was structured not to be taxable to Liberty shareholders.

The September 23, 2011 split-off of Liberty Capital and Liberty Starz from Liberty Interactive was structured to not be taxable to Liberty Capital, Liberty Starz and Liberty Interactive shareholders.

As a shareholder of record of Liberty Media Corporation, you should have received a letter of transmittal to submit with your shares. If you did not receive this document or have misplaced this document, please call Broadridge, Liberty Media Corporation’s transfer agent at (888) 789-8415 and a customer service representative will be able to assist you.

Liberty Media Corporation has not paid a cash dividend on any class of its stock in the past and does not currently intend to pay cash dividends on any class of its stock.

Yes. Webcasts of meetings can be found on the IR Calendar page under the Investor Relations section of this website.

Liberty Media will report within 40 days after the end of the first, second and third quarters and within 60 days after year-end.

Liberty Media financial statements can be found on our web site under the Investor Relations section or at www.sec.gov.

To contact the Company's transfer agent, Broadridge, please go to the Contact section or you can call them directly at (888) 789-8415.

For more information on calculating your cost basis (tax basis) please visit the Stock Cost Basis page of this Web site.

We can add your name to one of our distribution lists, via our Contact Us page, you can view the Press Release section of this Web site or you can visit our Event Calendar pages on this Web site.

Liberty Media Corporation, Atlanta Braves Holdings, Inc., Qurate Retail, Inc., Liberty Broadband Corporation, Liberty TripAdvisor Holdings, Inc., Starz, Liberty Global plc and Liberty Latin America Ltd. are separate public companies.

Shares of Discovery Holding Company and Liberty Global were not affected by the 2008 issuance of the Liberty Interactive, Liberty Entertainment group and Liberty Capital tracking stocks.

You can contact us via e-mail at investor@libertymedia.com.

Holders of Series A and Series B common stock as of 5:00 p.m. E.D.T. time on July 7, 2014, the record date for the dividend, received a dividend of two shares of Series C common stock for each share of Series A or Series B common stock held by them as of the record date. To determine your basis allocation, click here.

In the spin-off, record holders of Liberty Media Corporation’s Series A, Series B and Series C common stock received one-fourth of a share of the corresponding series of Liberty Broadband Corporation’s common stock for every whole share of Liberty Media Corporation's common stock, with cash in lieu of fractional shares.

Immediately following the spin-off, Liberty Broadband Corporation (NASDAQ: LBRDA/B/K) was comprised of among other things, its (i) interest in Charter Communications, Inc., (ii) subsidiary TruePosition, Inc., (iii) minority equity investment in Time Warner Cable Inc., (iv) certain deferred tax liabilities, as well as liabilities related to the Time Warner Cable Inc. call option and (v) net debt of $300 million.

The businesses and assets attributed to the Liberty Live Group consist of Liberty Media’s interest in Live Nation and other minority investments.

The Formula One Group consists of its subsidiaries Formula 1 and Quint and other minority investments.

With the reclassification of Liberty Media Corporation in April 2016, each holder of Liberty Media Corporation’s former Series A, Series B and Series C common stock received:

• 1 share of the corresponding series of Liberty SiriusXM common stock
• 0.1 of a share of the corresponding series of Braves common stock
• 0.25 of a share of the corresponding series of Liberty Media common stock

Following the reclassification in April 2016 described above, the LMCA/LMCB/LMCK ticker symbols were changed to represent the new Liberty Media common stock which tracked the Liberty Media Group. Following Liberty Media’s acquisition of Formula 1 in January 2017, the Liberty Media Group was renamed the Formula One Group and the tickers were changed from LMCA/LMCB/LMCK to FWONA/FWONB/FWONK.

The Formula 1 acquisition was not taxable to stockholders of Liberty Media for U.S. income tax purposes. The name change to the Formula One Group was not taxable for U.S. income tax purposes.