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Price per share at the end of the period divided by the last reported earnings

Free Cash Flow

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, various assets and liabilities associated with ANLBC's stadium, and mixed-use development project. The company is based in Englewood, Colorado. The Liberty Braves Group is a subsidiary of Liberty Media Corporation.

The Liberty Braves Group

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Evaluation of recent trends and improvements in the company's revenue

Revenue Growth

Assessment of recent increases in earnings per share, indicating profitability

EPS Growth

Review of the company's ability to generate free cash flow over recent periods

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Debt

ATLANTA--(BUSINESS WIRE)--2024 Q3 EARNINGS ANNOUNCEMENT.

ATLANTA BRAVES HOLDINGS ANNOUNCES THIRD QUARTER EARNINGS RELEASE AND QUARTERLY CONFERENCE CALL

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION ANNOUNCES SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL AND WEBSITE POSTINGS OF UPCOMING MEDIA APPEARANCES.

LIBERTY MEDIA CORPORATION ANNOUNCES SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL AND WEBSITE POSTINGS OF UPCOMING MEDIA APPEARANCES

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION (LIBERTY MEDIA) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) WILL BE HOLDING ITS VIRTUAL ANNUAL MEETING OF STOCKHOLDERS ON TUESDAY, JUNE 6, 2023 AT 8:00 A.M. M.T. STOCKHOLDERS OF RECORD AS OF THE RECORD DATE WILL BE ABLE TO LISTEN, VOTE AND SUBMIT QUESTIONS PERTAINING TO THE ANNUAL MEETING BY LOGGING IN AT WWW.VIRTUALSHAREHOLDERMEETING.COM/LMC2023. THE RECORD DATE FOR THE MEETING IS 5:00 P.M., NEW YORK CITY TIME, ON APRIL 10, 2023. STOCKHOLDERS WILL NEED THE 16-DIGIT CONTROL NUMBER THAT IS PRINTED IN THE BOX MARKED BY THE ARROW ON THE STOCKHOLDERS PROXY CARD OR NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS FOR THE LIBERTY MEDIA MEETING TO ENTER THE VIRTUAL ANNUAL MEETING WEBSITE. A TECHNICAL SUPPORT NUMBER WILL BECOME AVAILABLE AT THE VIRTUAL MEETING LINK 10 MINUTES PRIOR TO THE SCHEDULED MEETING TIME. IN ADDITION, ACCESS TO THE MEETING WILL BE AVAILABLE ON THE LIBERTY MEDIA WEBSITE. ALL INTERESTED PERSONS SHOULD VISIT HTTPS://WWW.LIBERTYMEDIA.COM/INVESTORS/NEWS-EVENTS/IR-CALENDAR TO ACCESS THE WEBCAST. AN ARCHIVE OF THE WEBCAST WILL ALSO BE AVAILABLE ON THIS WEBSITE AFTER APPROPRIATE FILINGS HAVE BEEN MADE WITH THE SEC. ABOUT LIBERTY MEDIA CORPORATION LIBERTY MEDIA CORPORATION 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 SIRIUSXM GROUP, THE BRAVES GROUP AND THE FORMULA ONE GROUP. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE LIBERTY SIRIUSXM GROUP (NASDAQ: LSXMA, LSXMB, LSXMK) INCLUDE LIBERTY MEDIA CORPORATIONS INTERESTS IN SIRIUSXM AND LIVE NATION ENTERTAINMENT. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE BRAVES GROUP (NASDAQ: BATRA, BATRK) INCLUDE LIBERTY MEDIA CORPORATIONS SUBSIDIARY BRAVES HOLDINGS, LLC. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE FORMULA ONE GROUP (NASDAQ: FWONA, FWONK) CONSIST OF ALL OF LIBERTY MEDIA CORPORATIONS BUSINESSES AND ASSETS OTH

LIBERTY MEDIA CORPORATION TO HOLD VIRTUAL ANNUAL MEETING OF STOCKHOLDERS

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION ("LIBERTY MEDIA" OR LIBERTY) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) TODAY REPORTED FIRST QUARTER 2023 RESULTS. HEADLINES INCLUDE(1): TARGETING COMPLETION OF PLANNED SPLIT-OFF OF ATLANTA BRAVES HOLDINGS, INC. AND RECLASSIFICATION OF TRACKING STOCKS TO CREATE LIBERTY LIVE GROUP TRACKING STOCK BY END OF SECOND QUARTER 2023 ATTRIBUTED TO LIBERTY SIRIUSXM GROUP SIRIUSXM REPORTED FIRST QUARTER 2023 OPERATING AND FINANCIAL RESULTS FIRST QUARTER 2023 REVENUE OF $2.14 BILLION; DOWN 2% YEAR-OVER-YEAR NET INCOME OF $233 MILLION, DOWN FROM $309 MILLION IN 2022; DILUTED EPS OF $0.06 ADJUSTED EBITDA(2) OF $625 MILLION AND FREE CASH FLOW(2) OF $144 MILLION SIRIUSXM INCREASED FULL-YEAR ADJUSTED EBITDA AND FREE CASH FLOW GUIDANCE ON APRIL 27TH LIBERTY MEDIAS OWNERSHIP OF SIRIUSXM WAS 82.9% AS OF APRIL 25TH ISSUED $575 MILLION OF 3.75% LSXMA CONVERTIBLE SENIOR NOTES AND USED PROCEEDS, ALONG WITH CASH ON HAND, TO REPURCHASE $591 MILLION AGGREGATE PRINCIPAL OF 1.375% CASH CONVERTIBLE NOTES AND $112 MILLION AGGREGATE ADJUSTED PRINCIPAL OF 2.125% EXCHANGEABLE SENIOR DEBENTURES SIRIUSXM REPORTED FIRST QUARTER 2023 OPERATING AND FINANCIAL RESULTS FIRST QUARTER 2023 REVENUE OF $2.14 BILLION; DOWN 2% YEAR-OVER-YEAR NET INCOME OF $233 MILLION, DOWN FROM $309 MILLION IN 2022; DILUTED EPS OF $0.06 ADJUSTED EBITDA(2) OF $625 MILLION AND FREE CASH FLOW(2) OF $144 MILLION SIRIUSXM INCREASED FULL-YEAR ADJUSTED EBITDA AND FREE CASH FLOW GUIDANCE ON APRIL 27TH FIRST QUARTER 2023 REVENUE OF $2.14 BILLION; DOWN 2% YEAR-OVER-YEAR NET INCOME OF $233 MILLION, DOWN FROM $309 MILLION IN 2022; DILUTED EPS OF $0.06 ADJUSTED EBITDA(2) OF $625 MILLION AND FREE CASH FLOW(2) OF $144 MILLION SIRIUSXM INCREASED FULL-YEAR ADJUSTED EBITDA AND FREE CASH FLOW GUIDANCE ON APRIL 27TH LIBERTY MEDIAS OWNERSHIP OF SIRIUSXM WAS 82.9% AS OF APRIL 25TH ISSUED $575 MILLION OF 3.75% LSXMA CONVERTIBLE SENIOR NOTES AND USED PROCEEDS, ALONG WITH CASH ON

LIBERTY MEDIA CORPORATION REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) ANNOUNCED THAT GREG MAFFEI, PRESIDENT AND CEO OF LIBERTY MEDIA CORPORATION, WILL BE PRESENTING AT THE MOFFETTNATHANSON MEDIA & COMMUNICATIONS SUMMIT ON TUESDAY, MAY 16TH AT 3:00 P.M. E.T. IN NEW YORK CITY. DURING HIS PRESENTATION, MR. MAFFEI MAY MAKE OBSERVATIONS REGARDING THE COMPANY'S FINANCIAL PERFORMANCE AND OUTLOOK, AS WELL AS OTHER FORWARD LOOKING MATTERS. THE PRESENTATION WILL BE BROADCAST LIVE VIA THE INTERNET. ALL INTERESTED PERSONS SHOULD VISIT THE LIBERTY MEDIA CORPORATION WEBSITE AT HTTPS://WWW.LIBERTYMEDIA.COM/INVESTORS/NEWS-EVENTS/IR-CALENDAR TO REGISTER FOR THE WEBCAST. AN ARCHIVE OF THE WEBCAST WILL ALSO BE AVAILABLE ON THIS WEBSITE AFTER APPROPRIATE FILINGS HAVE BEEN MADE WITH THE SEC. ABOUT LIBERTY MEDIA CORPORATION LIBERTY MEDIA CORPORATION 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 SIRIUSXM GROUP, THE BRAVES GROUP AND THE FORMULA ONE GROUP. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE LIBERTY SIRIUSXM GROUP (NASDAQ: LSXMA, LSXMB, LSXMK) INCLUDE LIBERTY MEDIA CORPORATIONS INTERESTS IN SIRIUSXM AND LIVE NATION ENTERTAINMENT. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE BRAVES GROUP (NASDAQ: BATRA, BATRK) INCLUDE LIBERTY MEDIA CORPORATIONS SUBSIDIARY BRAVES HOLDINGS, LLC. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE FORMULA ONE GROUP (NASDAQ: FWONA, FWONK) CONSIST OF ALL OF LIBERTY MEDIA CORPORATIONS BUSINESSES AND ASSETS OTHER THAN THOSE ATTRIBUTED TO THE LIBERTY SIRIUSXM GROUP AND THE BRAVES GROUP, INCLUDING ITS SUBSIDIARY FORMULA 1 AND OTHER MINORITY INVESTMENTS.

LIBERTY MEDIA CORPORATION TO PRESENT AT MOFFETTNATHANSON MEDIA & COMMUNICATIONS SUMMIT

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION (LIBERTY MEDIA) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) WILL HOST A CONFERENCE CALL TO DISCUSS RESULTS FOR THE FIRST QUARTER OF 2023 ON FRIDAY, MAY 5TH AT 9:30 A.M. E.T. BEFORE THE OPEN OF MARKET TRADING THAT DAY, LIBERTY MEDIA WILL ISSUE A PRESS RELEASE REPORTING SUCH RESULTS, WHICH CAN BE FOUND AT HTTPS://IR.LIBERTYMEDIA.COM/NEWS-EVENTS/PRESS-RELEASES. THE PRESS RELEASE AND CONFERENCE CALL MAY DISCUSS LIBERTY MEDIAS FINANCIAL PERFORMANCE AND OUTLOOK, AS WELL AS OTHER FORWARD-LOOKING MATTERS. PLEASE CALL INCOMM CONFERENCING AT (877) 704-2829 OR +1 (215) 268-9864, PASSCODE 13736371, AT LEAST 10 MINUTES PRIOR TO THE CALL. CALLERS WILL NEED TO BE ON A TOUCH-TONE TELEPHONE TO ASK QUESTIONS. THE CONFERENCE ADMINISTRATOR WILL PROVIDE INSTRUCTIONS ON HOW TO USE THE POLLING FEATURE. IN ADDITION, THE CONFERENCE CALL WILL BE BROADCAST LIVE VIA THE INTERNET. ALL INTERESTED PARTICIPANTS SHOULD VISIT THE LIBERTY MEDIA WEBSITE AT HTTPS://WWW.LIBERTYMEDIA.COM/INVESTORS/NEWS-EVENTS/IR-CALENDAR TO REGISTER FOR THE WEBCAST. LINKS TO THE PRESS RELEASE AND REPLAYS OF THE CALL WILL ALSO BE AVAILABLE ON THE LIBERTY MEDIA WEBSITE. THE CONFERENCE CALL WILL BE ARCHIVED ON THE WEBSITE AFTER APPROPRIATE FILINGS HAVE BEEN MADE WITH THE SEC. ABOUT LIBERTY MEDIA CORPORATION LIBERTY MEDIA CORPORATION 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 SIRIUSXM GROUP, THE BRAVES GROUP AND THE FORMULA ONE GROUP. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE LIBERTY SIRIUSXM GROUP (NASDAQ: LSXMA, LSXMB, LSXMK) INCLUDE LIBERTY MEDIA CORPORATIONS INTERESTS IN SIRIUSXM AND LIVE NATION ENTERTAINMENT. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE BRAVES GROUP (NASDAQ: BATRA, BATRK) INCLUDE LIBERTY MEDIA CORPORATIONS SUBSIDIARY BRAVES HOLDINGS, LLC. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE FORMULA ONE GROU

LIBERTY MEDIA CORPORATION ANNOUNCES FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION (LIBERTY) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) TODAY ANNOUNCED THE PAYMENT OF A QUARTERLY INTEREST PAYMENT AND AN EXCESS REGULAR ADDITIONAL DISTRIBUTION TO THE HOLDERS AS OF MARCH 15, 2023 OF ITS 2.125% EXCHANGEABLE SENIOR DEBENTURES DUE 2048 (THE DEBENTURES). THE AMOUNT OF THE QUARTERLY INTEREST PAYMENT IS $5.3125 PER $1,000 ORIGINAL PRINCIPAL AMOUNT OF DEBENTURES, AND THE AMOUNT OF THE EXCESS REGULAR ADDITIONAL DISTRIBUTION IS $1.6459 PER $1,000 ORIGINAL PRINCIPAL AMOUNT OF DEBENTURES. AS OF MARCH 31, 2023, THE AGGREGATE ADJUSTED PRINCIPAL AMOUNT OUTSTANDING IS APPROXIMATELY $275 MILLION, AFTER GIVING EFFECT TO TODAYS QUARTERLY INTEREST PAYMENT. CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN HAVE THE MEANING GIVEN TO THEM IN THE INDENTURE FOR THE DEBENTURES. UNDER THE INDENTURE FOR THE DEBENTURES, THE ORIGINAL PRINCIPAL AMOUNT OF THE DEBENTURES IS REDUCED IN AN AMOUNT EQUAL TO EACH EXTRAORDINARY ADDITIONAL DISTRIBUTION THAT IS MADE TO HOLDERS OF THE DEBENTURES. THEREAFTER, THE ADJUSTED PRINCIPAL AMOUNT IS FURTHER REDUCED ON EACH SUCCESSIVE QUARTERLY INTEREST PAYMENT DATE TO THE EXTENT NECESSARY TO CAUSE THE QUARTERLY INTEREST PAYMENT TO REPRESENT THE PAYMENT OF AN ANNUALIZED YIELD OF 2.125% OF THE ADJUSTED PRINCIPAL AMOUNT. THIS LATTER ADJUSTMENT, TO THE EXTENT IT IS MADE BY REASON OF A PARTICULAR EXTRAORDINARY ADDITIONAL DISTRIBUTION THAT RESULTS IN A REDUCTION TO THE PRINCIPAL AMOUNT OF THE DEBENTURES, TAKES EFFECT ON THE SECOND SUCCEEDING INTEREST PAYMENT DATE AFTER THE PAYMENT OF THAT EXTRAORDINARY ADDITIONAL DISTRIBUTION. TO DATE, LIBERTY HAS MADE ONE EXTRAORDINARY ADDITIONAL DISTRIBUTION TO HOLDERS OF THE DEBENTURES. AS PREVIOUSLY ANNOUNCED, ON MARCH 4, 2022, LIBERTY MADE AN EXTRAORDINARY ADDITIONAL DISTRIBUTION OF $31.1731 PER $1,000 ORIGINAL PRINCIPAL AMOUNT OF DEBENTURES, WHICH WAS ATTRIBUTABLE TO THE SPECIAL CASH DIVIDEND PAID ON FEBRUARY 25, 2022 BY SIRIUS XM HOLDINGS INC. 

LIBERTY MEDIA CORPORATION ANNOUNCES QUARTERLY INTEREST PAYMENT AND EXCESS REGULAR ADDITIONAL DISTRIBUTION ON 2.125% EXCHANGEABLE SENIOR DEBENTURES DUE 2048

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION (LIBERTY MEDIA) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) WILL WEBCAST A FORMULA ONE GROUP Q&A SESSION ON THURSDAY, APRIL 13, 2023 BEGINNING AT 5:00 P.M. ET. LIBERTY MEDIA AND F1 MANAGEMENT WILL BE AVAILABLE TO ANSWER QUESTIONS. DURING THE Q&A SESSION, OBSERVATIONS MAY BE MADE REGARDING THE COMPANYS FINANCIAL PERFORMANCE AND OUTLOOK, AS WELL AS OTHER FORWARD LOOKING MATTERS. STOCKHOLDERS WILL BE ABLE TO SUBMIT QUESTIONS IN ADVANCE OF THE Q&A SESSION. TO SUBMIT A QUESTION, PLEASE EMAIL INVESTOR@LIBERTYMEDIA.COM WITH THE SUBJECT FORMULA ONE GROUP INVESTOR QUESTION BY 5:00 P.M. ET ON THURSDAY, APRIL 6, 2023. THE EVENT WILL BE BROADCAST LIVE VIA THE INTERNET. ALL INTERESTED PERSONS SHOULD VISIT THE LIBERTY MEDIA CORPORATION WEBSITE AT HTTPS://WWW.LIBERTYMEDIA.COM/INVESTORS/NEWS-EVENTS/IR-CALENDAR TO REGISTER FOR THE WEBCAST. AN ARCHIVE OF THE WEBCAST WILL ALSO BE AVAILABLE ON THIS WEBSITE AFTER APPROPRIATE FILINGS HAVE BEEN MADE WITH THE SEC. ABOUT LIBERTY MEDIA CORPORATION LIBERTY MEDIA CORPORATION 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 SIRIUSXM GROUP, THE BRAVES GROUP AND THE FORMULA ONE GROUP. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE LIBERTY SIRIUSXM GROUP (NASDAQ: LSXMA, LSXMB, LSXMK) INCLUDE LIBERTY MEDIA CORPORATIONS INTERESTS IN SIRIUSXM AND LIVE NATION ENTERTAINMENT. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE BRAVES GROUP (NASDAQ: BATRA, BATRK) INCLUDE LIBERTY MEDIA CORPORATIONS SUBSIDIARY BRAVES HOLDINGS, LLC. THE BUSINESSES AND ASSETS ATTRIBUTED TO THE FORMULA ONE GROUP (NASDAQ: FWONA, FWONK) CONSIST OF ALL OF LIBERTY MEDIA CORPORATIONS BUSINESSES AND ASSETS OTHER THAN THOSE ATTRIBUTED TO THE LIBERTY SIRIUSXM GROUP AND THE BRAVES GROUP, INCLUDING ITS SUBSIDIARY FORMULA 1 AND OTHER MINORITY INVESTMENTS.

LIBERTY MEDIA ANNOUNCES FORMULA ONE GROUP INVESTOR Q&A SESSION WEBCAST

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION (LIBERTY) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) ANNOUNCED TODAY THAT IT HAS CLOSED ITS PREVIOUSLY ANNOUNCED PRIVATE OFFERING OF $575 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 3.75% CONVERTIBLE SENIOR NOTES DUE 2028 (THE NOTES), INCLUDING NOTES WITH AN AGGREGATE PRINCIPAL AMOUNT OF $75 MILLION ISSUED PURSUANT TO THE EXERCISE OF AN OPTION GRANTED TO THE INITIAL PURCHASERS, WHICH WAS EXERCISED IN FULL. THE NOTES WILL BE CONVERTIBLE INTO SHARES OF LIBERTYS SERIES A LIBERTY SIRIUSXM COMMON STOCK (LSXMA), WHICH MAY BE SETTLED AT LIBERTYS ELECTION IN LSXMA, CASH OR A COMBINATION THEREOF. PRIOR TO DECEMBER 15, 2027, THE NOTES WILL BE CONVERTIBLE AT THE OPTION OF HOLDERS ONLY UPON SATISFACTION OF CERTAIN CONDITIONS AND DURING CERTAIN PERIODS, AND ON AND AFTER DECEMBER 15, 2027, AT ANY TIME UNTIL THE CLOSE OF BUSINESS ON THE SECOND SCHEDULED TRADING DAY IMMEDIATELY PRECEDING THE MATURITY DATE. THE NOTES WILL HAVE AN INITIAL CONVERSION RATE OF 25.9000 SHARES OF LSXMA PER $1,000 PRINCIPAL AMOUNT OF NOTES, REPRESENTING AN INITIAL CONVERSION PRICE OF APPROXIMATELY $38.61 FOR EACH SHARE OF LSXMA, WHICH REPRESENTS A CONVERSION PREMIUM OF APPROXIMATELY 30% TO THE LAST REPORTED SALE PRICE OF $29.70 PER SHARE OF LSXMA ON THE NASDAQ GLOBAL SELECT MARKET ON MARCH 7, 2023. THE NOTES WILL MATURE ON MARCH 15, 2028, UNLESS EARLIER REDEEMED, REPURCHASED OR CONVERTED. INTEREST WILL BE PAYABLE SEMI-ANNUALLY IN ARREARS ON MARCH 15 AND SEPTEMBER 15 OF EACH YEAR, COMMENCING SEPTEMBER 15, 2023. LIBERTY MAY REDEEM FOR CASH ALL OR ANY PORTION OF THE NOTES (SUBJECT TO CERTAIN LIMITATIONS), AT ITS OPTION, ON OR AFTER MARCH 20, 2026, IF THE LAST REPORTED SALE PRICE OF LSXMA HAS BEEN AT LEAST 130% OF THE CONVERSION PRICE THEN IN EFFECT FOR AT LEAST 20 TRADING DAYS (WHETHER OR NOT CONSECUTIVE) DURING ANY 30 CONSECUTIVE TRADING DAY PERIOD (INCLUDING THE LAST TRADING DAY OF SUCH PERIOD) ENDING ON THE TRADING DAY IMMEDIATELY PR

LIBERTY MEDIA CORPORATION CLOSES PRIVATE OFFERING OF $575 MILLION OF 3.75% CONVERTIBLE SENIOR NOTES DUE 2028

ENGLEWOOD, COLO.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION (LIBERTY) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) ANNOUNCED TODAY THAT IT INTENDS TO OFFER $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE SENIOR NOTES (THE NOTES) IN A PRIVATE OFFERING. LIBERTY ALSO EXPECTS TO GRANT THE INITIAL PURCHASERS OF THE NOTES AN OPTION TO PURCHASE, FOR SETTLEMENT WITHIN A PERIOD OF 13 DAYS FROM, AND INCLUDING, THE DATE THE NOTES ARE FIRST ISSUED, UP TO AN ADDITIONAL $75 MILLION PRINCIPAL AMOUNT OF NOTES. THE NOTES WILL BE CONVERTIBLE INTO SHARES OF LIBERTYS SERIES A LIBERTY SIRIUSXM COMMON STOCK (LSXMA), WHICH MAY BE SETTLED AT LIBERTYS ELECTION IN LSXMA, CASH OR A COMBINATION THEREOF. THE NOTES, AS WELL AS THE ASSOCIATED CASH PROCEEDS, WILL BE ATTRIBUTED TO THE LIBERTY SIRIUSXM GROUP. THE NOTES WILL BE SENIOR, UNSECURED OBLIGATIONS OF LIBERTY, AND INTEREST WILL BE PAYABLE SEMI-ANNUALLY IN ARREARS. THE INTEREST RATE, INITIAL CONVERSION RATE AND OTHER TERMS OF THE NOTES WILL BE DETERMINED AT THE TIME OF PRICING OF THE OFFERING. LIBERTY EXPECTS TO USE THE NET PROCEEDS OF THE OFFERING, TOGETHER WITH CASH ON HAND AND BORROWINGS UNDER LIBERTY SIRI MARGINCO, LLCS MARGIN LOAN THAT ARE IN EACH CASE ATTRIBUTED TO THE LIBERTY SIRIUSXM GROUP, TO MAKE REPURCHASES OF LIBERTYS EXISTING 1.375% CASH CONVERTIBLE NOTES DUE 2023 (THE 1.375% CASH CONVERTIBLE NOTES) PURSUANT TO INDIVIDUALLY PRIVATELY NEGOTIATED TRANSACTIONS (THE COST OF WHICH IS EXPECTED TO BE PARTIALLY OFFSET BY THE PROCEEDS FROM THE PROPORTIONAL TERMINATION AND UNWINDING OF THE RELATED BOND HEDGES AND WARRANTS THAT LIBERTY ENTERED INTO IN CONNECTION WITH THE ISSUANCE OF SUCH NOTES), TO SETTLE EXCHANGES OR REPURCHASES OF, OR TO REDEEM, LIBERTYS EXISTING 2.125% EXCHANGEABLE SENIOR DEBENTURES DUE 2048 (THE 2.125% EXCHANGEABLE SENIOR DEBENTURES) IN ACCORDANCE WITH THE TERMS OF THE INDENTURE GOVERNING SUCH DEBENTURES, AND FOR GENERAL CORPORATE PURPOSES. LIBERTY EXPECTS THAT THE NUMBER OF SHARES OF LSXMA INTO WHI

The Liberty Braves Group

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The Liberty Braves Group

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