Liberty Media Corporation

Investor FAQs

What is Liberty Media Corporation?

Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. Those interests include subsidiaries Atlanta National League Baseball Club, Inc., and TruePosition, Inc., interest in SiriusXM, Live Nation and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom. Immediately prior to the September 2011 split-off that is discussed below, Liberty Media Corporation and Liberty Interactive Corporation, its former parent company, underwent changes to their corporate names. Prior to the split-off, Liberty Interactive Corporation was the entity known as Liberty Media Corporation, and the entity today known as Liberty Media Corporation was known as Liberty CapStarz, Inc.  Management felt that these names would best reflect the businesses, assets and liabilities held by each entity following the September 2011 split-off. Throughout these FAQs, we refer to the entity that existed as Liberty Media Corporation prior to the September 2011 split-off as Liberty Interactive Corporation and the entity formerly known as Liberty CapStarz, Inc. as “the Company” or “Liberty Media.”

What are your stock symbols?

Liberty Media Corporation’s Series A, Series B and Series C common stock trade on the Nasdaq Global Select Market under the stock symbols LMCA, LMCB and LMCK, respectively.

Prior to the September 2011 split-off, as a shareholder of Liberty Interactive Corporation, how many shares of Liberty Interactive and Liberty Capital tracking stock did I receive in the May 2006 restructuring?

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.

As a Liberty Capital group shareholder how many shares of Liberty Entertainment tracking stock did I receive in the March 2008 reclassification at Liberty Interactive Corporation?

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.

As a shareholder of Liberty Interactive Corporation's Liberty Capital group or a Liberty Starz group, how many shares of Liberty Media Corporation's Liberty Capital or Liberty Starz common stock did I receive in the September 2011 split-off of the Liberty Capital and Liberty Starz tracking stock groups from Liberty Interactive Corporation?

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.

What happened to Liberty Capital and the LCAPA/LCAPB ticker symbols? Can I still purchase shares?

 

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.


 

 

What happened to Liberty Starz and the LSTZA/LSTZB ticker symbols? Can I still purchase shares?

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.

What are the differences between the Series A, Series B and Series C common stock of Liberty Media Corporation?
How do I purchase Liberty Media stock?

Liberty Media has no direct stock purchase plan. You can purchase Liberty Media stock through a broker.

What happened to Liberty Interactive Corporation over the years and the L ticker symbol? Can I still purchase L shares?

Liberty Media Corporation is the owner of all the businesses and assets that are attributed to Liberty Capital and Liberty Starz. Its common equity is publicly traded as two tracking stocks. Those tracking stocks are 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 (now Liberty Interactive 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.

Was the 2008 restructuring taxable to Liberty shareholders?

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

What happened to Liberty Entertainment and the LMDIA/LMDIB ticker symbol? Can I still purchase shares?

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.

Was the split-off of Liberty Entertainment, Inc., and business combination with DIRECTV taxable to Liberty Entertainment Shareholders?

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

Was the September 23, 2011 split-off of the Liberty Capital and Liberty Starz tracking stock group from Liberty Interactive Corporation taxable to Liberty Capital, Liberty Starz, or Liberty Interactive 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.

How do I exchange my shares?

As a shareholder of L 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's transfer agent at (866) 367-6355 (toll free) or (781) 575-3580 and a customer service representative will be able to assist you.

Shareholders of LCAPA on March 3, 2008, do not need to take any action to obtain their shares of Liberty Entertainment common stock. Holders of book-entry shares of Liberty Capital common stock will have their Liberty Entertainment shares credited to their accounts promptly following the closing. Holders of certificated shares of Liberty Capital common stock will receive certificates representing their shares of Liberty Entertainment common stock shortly following the closing.

Shareholders of LMDIA on November 20, 2009, do not need to take any action to obtain their shares of DIRECTV and Liberty Starz common stock. Holders of book-entry shares of Liberty Entertainment common stock will have their DIRECTV and Liberty Starz shares credited to their accounts promptly following the closing. Holders of certificated shares of Liberty Entertainment common stock will receive certificates representing their shares of DIRECTV and Liberty Starz common stock shortly following the closing.

Shareholders of LCAPA and LSTZA on September 23, 2011, do not need to take any action to obtain their shares of Liberty Media's Series A Liberty Capital common stock or Series A Liberty Starz common stock. Holders of book-entry shares of Liberty Interactive Corporation's Liberty Capital and Liberty Starz common stock will have their shares credited to their accounts promptly following the closing. Holders of certificated shares of such common stock will receive certificates representing their shares of Liberty Media common stock shortly following the closing.

Does the Company pay a cash dividend?

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.

Does Liberty Media Corporation hold an annual meeting of shareholders?

Yes.  Webcasts of meetings can be found on the Events & Presentations page under the Investor Relations section of this website.

When does the Company report financial results?

Liberty Media will report within 40 days after the end of the first, second and third quarters and within 75 days after year-end.

Where can I find the Company's financial statements?

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.

How do I obtain information about my account or transfer ownership of my stock?

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

How do I calculate my cost basis?

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

Where can I get information on current happenings within the Company?

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.

Is Liberty Media Corporation related to Liberty Interactive Corporation, Starz or Liberty Global plc?

Although most of the businesses of these companies were once part of the same predecessor company, Liberty Media Corporation, Liberty Interactive Corporation, Starz and Liberty Global plc are separate public companies.

Were my shares of Discovery Holding Company or Liberty Global affected by the 2008 restructuring?

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.

How can I reach the Company for answers to additional questions?

You can contact us via e-mail at investor@libertymedia.com or call our investor line at (877) 772-1518.

In connection with the dividend of Liberty Media Corporation's Series C common stock on July 23, 2014, how many shares of Series C common stock did I receive?

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.