Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: the Braves Group, Liberty Media Group and Liberty SiriusXM Group. 

  • The Series A and Series C Liberty Media common stock trade on the Nasdaq Global Select Market under the stock symbols LMCA and LMCK, respectively. The Series B Liberty Media common stock is quoted on the OTC Markets under the symbol LMCB.
  • The Series A and Series C Braves common stock trade on the Nasdaq Global Select Market under the stock symbols BATRA and BATRK, respectively. The Series B Braves common stock is quoted on the OTC Markets under the symbol BATRB.
  • The Series A, Series B and Series C Liberty SiriusXM common stock trade on the Nasdaq Global Select Market under the stock symbols LSXMA, LSXMB  and LSXMK, respectively.

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.

  • 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.

Liberty Media has no direct stock purchase plan. You can purchase Liberty Media common stock, Braves common stock or Liberty SiriusXM common stock through a broker.

Liberty Media Corporation is the owner of all the businesses and assets that were attributed to Liberty Capital and Liberty Starz. Its common equity was publicly traded as two tracking stocks. Those tracking stocks were intended to reflect the performance of two groups of businesses and assets, Liberty Capital and Liberty Starz. Prior to the September 2011 split-off, the Liberty Capital and Liberty Starz tracking stock groups were a part of Liberty Interactive Corporation, along with a third tracking stock, Liberty Interactive. 

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 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. Investors can no longer purchase LSTZA and LSTZB shares.

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 Computershare, Liberty Media Corporation’s transfer agent at (866) 367-6355 (toll free) or (781) 575-3580 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 Events & Presentations 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 75 days after year-end.

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

To contact the Company's transfer agent, Computershare, please go to the Contact Us section or you can call them directly at either of the following numbers: (866) 367-6355 (toll free) or (781) 575-3580

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.

Although most of the businesses of these companies were once part of the same predecessor company, Liberty Media Corporation, Liberty Interactive Corporation, Liberty Broadband Corporation, Liberty TripAdvisor Holdings, Inc., Starz and Liberty Global plc 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 or call our investor line at (877) 772-1518.

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 Braves Group consists of Liberty Media Corporation’s wholly owned subsidiary Braves Holdings, LLC, which indirectly owns the Atlanta Braves and associated real estate projects

The Liberty Media Group consists primarily of Liberty Media Corporation’s interest in Live Nation Entertainment, Inc., our other public company minority investments including Time Warner, Inc. and Viacom Inc., and an approximate 20% inter-group interest in the Braves Group

The Liberty SiriusXM Group consists of Liberty Media Corporation’s interest in Sirius XM Holdings, Inc.

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 now represent the new Liberty Media common stock (which tracks the Liberty Media Group).

No. The 20% inter-group interest that the Liberty Media Group holds in the Braves Group is not reflected in the number of outstanding shares of Braves common stock. The inter-group interest is represented by a notional number of shares of Braves common stock which are attributed as an asset of the Liberty Media Group and should be taken into account when considering the value of the Braves Group that is represented by the outstanding shares of Braves common stock. The notional shares may be converted at any time into issued and outstanding shares of Braves common stock.

The Liberty Media Group will not receive exercisable subscription rights in the proposed Braves Group rights offering. Rather, the inter-group interest will be adjusted pursuant to the terms of the Liberty Media Corporation’s certificate of incorporation. If the rights offering is fully subscribed, the inter-group interest held by the Liberty Media Group is expected to be adjusted.

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