Correspondence 0001104659-22-128743 from Liberty Media Corp (FWONA, FWONB, FWONK, LLYVA, LLYVB, LLYVK, LSXMA, LSXMB, LSXMK) (CIK 0001560385) (FWONA)
Liberty Media Corp (FWONA, FWONB, FWONK, LLYVA, LLYVB, LLYVK, LSXMA, LSXMB, LSXMK) (CIK 0001560385)
Date: Dec. 20, 2022 · CIK: 0001560385 · Accession: 0001104659-22-128743
AI Filing Summary & Sentiment
Letter
2001 ROSS AVENUE SUITE 900 DALLAS, TEXAS 75201-2980
TEL +1 214.953.6500 FAX +1 214.953.6503 BakerBotts.com AUSTIN
BRUSSELS
DALLAS
DUBAI
HOUSTON
LONDON
NEW YORK
PALO ALTO
RIYADH
SAN FRANCISCO
SINGAPORE
WASHINGTON
December 20, 2022
Via EDGAR
Securities and Exchange Commission
100 F Street NE
Washington, D.C. 20549
Re: Liberty Media Corporation, Registration Statement on Form S-4
Ladies and Gentlemen:
On behalf of Liberty Media Corporation (“Liberty Media”), we enclose herewith for filing under the Securities Act of 1933, as amended (the “Securities Act”), Liberty Media’s Registration Statement on Form S-4 (the “Form S-4”), which includes the joint preliminary proxy statement/prospectus of Liberty Media and a newly formed, wholly owned subsidiary of Liberty Media, Atlanta Braves Holdings, Inc. (“SplitCo”), relating to the registration of the distribution of the following securities: Liberty Media’s proposed Series A Liberty SiriusXM common stock, par value $0.01 per share, Series B Liberty SiriusXM common stock, par value $0.01 per share, and Series C Liberty SiriusXM common stock, par value $0.01 per share (collectively, the “New Liberty SiriusXM common stock”), (ii) Liberty Media’s proposed Series A Liberty Formula One common stock, par value $0.01 per share, Series B Liberty Formula One common stock, par value $0.01 per share, and Series C Liberty Formula One common stock, par value $0.01 per share (collectively, the “New Liberty Formula One common stock”), and (iii) Liberty Media’s proposed Series A Liberty Live common stock, par value $0.01 per share, Series B Liberty Live common stock, par value $0.01 per share, and Series C Liberty Live common stock, par value $0.01 per share (collectively, the “Liberty Live common stock”). Concurrently herewith, SplitCo is filing a registration statement relating to the registration of the distribution of SplitCo’s Series A common stock, par value $0.01 per share, Series B common stock, par value $0.01 per share, and Series C common stock, par value $0.01 per share (collectively, the “SplitCo common stock”).
At a special meeting of Liberty Media’s stockholders (the “Special Meeting”), Liberty Media’s stockholders will be asked to consider and vote on certain proposals, including the following:
(i) Holders of Liberty Media’s Series A Liberty Braves common stock, par value $0.01 per share (“BATRA”), and Series B Liberty Braves common stock, par value $0.01 per share (“BATRB”), will be asked to consider and vote on a proposed redemption by Liberty Media of each outstanding share of Liberty Media’s BATRA, BATRB and Liberty Media’s Series C Liberty Braves common stock, par value $0.01 per share (collectively, the “Liberty Braves common stock”), in exchange for one share of the corresponding series of SplitCo common stock. Liberty Media refers to the redemption and the resulting separation of SplitCo from Liberty Media pursuant to the redemption as the “Split-Off.”
(ii) Holders of Liberty Media’s Series A Liberty SiriusXM common stock, par value $0.01 per share, Series B Liberty SiriusXM common stock, par value $0.01 per share, and Series C Liberty SiriusXM common stock, par value $0.01 per share (collectively, the “Liberty SiriusXM common stock”), Liberty Braves common stock and Liberty Media’s Series A Liberty Formula One common stock, par value $0.01 per share, Series B Liberty Formula One common stock, par value $0.01 per share, and Series C Liberty Formula One common stock, par value $0.01 per share (collectively, the “Liberty Formula One common stock”), will be asked to consider and vote on a series of related proposals to, among other things, effect the proposed reclassification of Liberty Media’s outstanding common stock following the completion of the Split-Off into three new tracking stocks (the New Liberty SiriusXM common stock, the New Liberty Formula One common stock and the Liberty Live common stock) and, in connection therewith, provide for the associated attribution of Liberty Media’s businesses, assets and liabilities into three new tracking stock groups (the new Liberty SiriusXM Group, the new Formula One Group and the Liberty Live Group). Liberty Media refers to the reclassification of the then-outstanding shares of Liberty Media’s common stock and the associated attribution of businesses, assets and liabilities as the “Reclassification.” The Split-Off and the Reclassification are described in detail in the Form S-4 filed herewith.
We have been advised that a filing fee in the amount of $2,941,063.30 has been paid in connection with the filing of the Form S-4 by wire transfer to the Securities and Exchange Commission’s account.
Should any questions arise with respect to this filing, please contact the undersigned at samantha.crispin@bakerbotts.com or Tel.: (214) 953-6497.
Very truly yours,
/s/ Samantha H. Crispin
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2001 ROSS AVENUE
SUITE 900
DALLAS, TEXAS
75201-2980
TEL +1 214.953.6500
FAX +1 214.953.6503
BakerBotts.com
AUSTIN
BRUSSELS
DALLAS
DUBAI
HOUSTON
LONDON
NEW YORK
PALO ALTO
RIYADH
SAN FRANCISCO
SINGAPORE
WASHINGTON
December 20, 2022
Via EDGAR
Securities and Exchange Commission
100 F Street NE
Washington, D.C. 20549
Re: Liberty Media Corporation, Registration Statement on Form S-4
Ladies and Gentlemen:
On behalf of Liberty Media Corporation
(“Liberty Media”), we enclose herewith for filing under the Securities Act of 1933, as amended (the “Securities
Act”), Liberty Media’s Registration Statement on Form S-4 (the “Form S-4”), which includes the joint
preliminary proxy statement/prospectus of Liberty Media and a newly formed, wholly owned subsidiary of Liberty Media, Atlanta Braves Holdings,
Inc. (“SplitCo”), relating to the registration of the distribution of the following securities: Liberty Media’s
proposed Series A Liberty SiriusXM common stock, par value $0.01 per share, Series B Liberty SiriusXM common stock, par value $0.01 per
share, and Series C Liberty SiriusXM common stock, par value $0.01 per share (collectively, the “New Liberty SiriusXM common
stock”), (ii) Liberty Media’s proposed Series A Liberty Formula One common stock, par value $0.01 per share, Series B
Liberty Formula One common stock, par value $0.01 per share, and Series C Liberty Formula One common stock, par value $0.01 per share
(collectively, the “New Liberty Formula One common stock”), and (iii) Liberty Media’s proposed Series A Liberty
Live common stock, par value $0.01 per share, Series B Liberty Live common stock, par value $0.01 per share, and Series C Liberty Live
common stock, par value $0.01 per share (collectively, the “Liberty Live common stock”). Concurrently herewith, SplitCo
is filing a registration statement relating to the registration of the distribution of SplitCo’s Series A common stock, par value
$0.01 per share, Series B common stock, par value $0.01 per share, and Series C common stock, par value $0.01 per share (collectively,
the “SplitCo common stock”).
At a special meeting of Liberty
Media’s stockholders (the “Special Meeting”), Liberty Media’s stockholders will be asked to consider and
vote on certain proposals, including the following:
(i) Holders of Liberty Media’s
Series A Liberty Braves common stock, par value $0.01 per share (“BATRA”), and Series B Liberty Braves common stock,
par value $0.01 per share (“BATRB”), will be asked to consider and vote on a proposed redemption by Liberty Media of
each outstanding share of Liberty Media’s BATRA, BATRB and Liberty Media’s Series C Liberty Braves common stock, par value
$0.01 per share (collectively, the “Liberty Braves common stock”), in exchange for one share of the corresponding series
of SplitCo common stock. Liberty Media refers to the redemption and the resulting separation of SplitCo from Liberty Media pursuant to
the redemption as the “Split-Off.”
(ii) Holders of Liberty Media’s
Series A Liberty SiriusXM common stock, par value $0.01 per share, Series B Liberty SiriusXM common stock, par value $0.01 per share,
and Series C Liberty SiriusXM common stock, par value $0.01 per share (collectively, the “Liberty SiriusXM common stock”),
Liberty Braves common stock and Liberty Media’s Series A Liberty Formula One common stock, par value $0.01 per share, Series B Liberty
Formula One common stock, par value $0.01 per share, and Series C Liberty Formula One common stock, par value $0.01 per share (collectively,
the “Liberty Formula One common stock”), will be asked to consider and vote on a series of related proposals to, among
other things, effect the proposed reclassification of Liberty Media’s outstanding common stock following the completion of the Split-Off
into three new tracking stocks (the New Liberty SiriusXM common stock, the New Liberty Formula One common stock and the Liberty Live common
stock) and, in connection therewith, provide for the associated attribution of Liberty Media’s businesses, assets and liabilities
into three new tracking stock groups (the new Liberty SiriusXM Group, the new Formula One Group and the Liberty Live Group). Liberty Media
refers to the reclassification of the then-outstanding shares of Liberty Media’s common stock and the associated attribution of
businesses, assets and liabilities as the “Reclassification.” The Split-Off and the Reclassification are described
in detail in the Form S-4 filed herewith.
We have been advised that a filing
fee in the amount of $2,941,063.30 has been paid in connection with the filing of the Form S-4 by wire transfer to the Securities and
Exchange Commission’s account.
Should any questions arise with
respect to this filing, please contact the undersigned at samantha.crispin@bakerbotts.com or Tel.: (214) 953-6497.
Very truly yours,
/s/ Samantha H. Crispin
Samantha H. Crispin
cc: Liberty Media Corporation
Renee L. Wilm
Brittany A. Uthoff
Katherine C. Jewell
Michael E. Hurelbrink