OREANDA-NEWS. April 18, 2016. Today
Liberty Media Corporation ("Liberty") (Nasdaq: LMCA, LMCB, LMCK)
completed a previously announced transaction whereby it recapitalized
its existing common stock into three new tracking stocks: the Liberty
Braves common Stock, the
Liberty Media common Stock and the Liberty
SiriusXM common Stock (the "recapitalization"). In the recapitalization,
each issued and outstanding share of Liberty's existing common stock was
reclassified and exchanged for (a) 1 share of the corresponding series
of Liberty SiriusXM common stock, (b) 0.1 of a share of the
corresponding series of Liberty Braves common stock and (c) 0.25 of a
share of the corresponding series of
Liberty Media common stock.
Liberty anticipates that the newly issued shares will commence trading
or quotation in the regular way on the Nasdaq Global Select Market or
the OTC Markets, as applicable, on Monday, April 18, 2016 under the
following symbols:
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Nasdaq Global Select Market
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Tracking Stock
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Symbol
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Series A Liberty SiriusXM common stock
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LSXMA
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Series B Liberty SiriusXM common stock
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LSXMB
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Series C Liberty SiriusXM common stock
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LSXMK
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Series A Liberty Media common stock
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LMCA
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Series C Liberty Media common stock
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LMCK
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Series A Liberty Braves common stock
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BATRA
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Series C Liberty Braves common stock
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BATRK
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OTC Markets
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Tracking Stock
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Symbol
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Series B Liberty Media common stock
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LMCB
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Series B Liberty Braves common stock
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BATRB
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About Liberty Media Corporation
Liberty Media Corporation (Nasdaq: LMCA, LMCB, LMCK) operates and owns
interests in a broad range of media, communications and entertainment
businesses. Those businesses are attributed to three tracking stock
groups: the Liberty Braves Group, the Liberty Media Group and the
Liberty SiriusXM Group. The businesses and assets attributed to the
Liberty SiriusXM Group include our interest in SiriusXM. The businesses
and assets attributed to the Liberty Braves Group include our subsidiary
Braves Holdings, LLC. The businesses and assets attributed to the
Liberty Media Group consist of all of Liberty Media Corporation's
businesses and assets other than those attributed to the Liberty Braves
Group and Liberty SiriusXM Group, including its interest in Live Nation
Entertainment, and minority equity investments in Time Warner Inc. and
Viacom.
Forward-Looking Statements
This press release includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995,
including statements about the commencement of quotation of the new LMCB
and BATRB. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
those expressed or implied by such statements.
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