èßäÉçÇø

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

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

On September 9, 2024, èßäÉçÇø Media competed the transaction with Sirius XM whereby the èßäÉçÇø 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, èßäÉçÇø SiriusXM is no longer a tracking stock group of èßäÉçÇø Media.

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

The split-off and reclassification were structured not to be taxable to èßäÉçÇø 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 èßäÉçÇø 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 èßäÉçÇø SiriusXM common stock was reclassified into one share of the corresponding series of new èßäÉçÇø SiriusXM common stock and 0.2500 of a share of the corresponding series of èßäÉçÇø Live common stock, and each outstanding share of èßäÉçÇø Formula One common stock was reclassified into one share of the corresponding series of new èßäÉçÇø Formula One common stock and 0.0428 of a share of the corresponding series of èßäÉçÇø Live common stock. If you have further questions, please call Broadridge, èßäÉçÇø’s transfer agent at (888) 789-8415.

• èßäÉçÇø Media completed the split-off of Atlanta Braves Holdings, Inc. on July 18, 2023. As a result, èßäÉçÇø 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 èßäÉçÇø 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-èßäÉçÇø Series A common stock received 0.25 of a share of èßäÉçÇø Interactive Series A common stock and 0.05 of a share of èßäÉçÇø Capital Series A common stock for each share of old èßäÉçÇø Series A common stock held; and each holder of the then-èßäÉçÇø Series B common stock received 0.25 of a share of èßäÉçÇø Interactive Series B common stock and 0.05 of a share of èßäÉçÇø Capital Series B common stock for each share of old èßäÉçÇø Series B common stock held.

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

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

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

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

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

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

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

On November 28, 2011, èßäÉçÇø Media eliminated its tracking stock structure by converting each share of its èßäÉçÇø Starz common stock into 0.88129 of a share of the corresponding series of èßäÉçÇø Capital common stock. In connection with that transaction, èßäÉçÇø 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, èßäÉçÇø Media eliminated its tracking stock structure by converting each share of its èßäÉçÇø Starz common stock into 0.88129 of a share of the corresponding series of èßäÉçÇø Capital common stock. In connection with that transaction, èßäÉçÇø 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.

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

On May 9, 2006, shares of the entity formerly known as èßäÉçÇø were exchanged for shares of the èßäÉçÇø Interactive and èßäÉçÇø Capital tracking stocks and the old èßäÉçÇø 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 èßäÉçÇø Capital tracking stock were issued shares of èßäÉçÇø Entertainment tracking stock.

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

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

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

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

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

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

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

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

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

In September 2024, èßäÉçÇø Media competed a transaction with Sirius XM whereby the èßäÉçÇø 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, èßäÉçÇø SiriusXM is no longer a tracking stock group of èßäÉçÇø Media.

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

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

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

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

As a shareholder of record of èßäÉçÇø, 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, èßäÉçÇø’s transfer agent at (888) 789-8415 and a customer service representative will be able to assist you.

èßäÉçÇø 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.

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

èßäÉçÇø Media financial statements can be found on our web site under the Investor Relations section or at .

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 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.

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

Shares of Discovery Holding Company and èßäÉçÇø Global were not affected by the 2008 issuance of the èßäÉçÇø Interactive, èßäÉçÇø Entertainment group and èßäÉçÇø 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, .

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

Immediately following the spin-off, èßäÉçÇø 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 èßäÉçÇø Live Group consist of èßäÉçÇø Media’s interest in Live Nation and other minority investments.

The Formula One Group consists of its subsidiaries Formula 1^®, MotoGP™, Quint and other minority investments.

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

• 1 share of the corresponding series of èßäÉçÇø 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 èßäÉçÇø Media common stock

Following the reclassification in April 2016 described above, the LMCA/LMCB/LMCK ticker symbols were changed to represent the new èßäÉçÇø Media common stock which tracked the èßäÉçÇø Media Group. Following èßäÉçÇø Media’s acquisition of Formula 1 in January 2017, the èßäÉçÇø 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 èßäÉçÇø Media for U.S. income tax purposes. The name change to the Formula One Group was not taxable for U.S. income tax purposes.