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Correspondence 0001104659-22-128799 from Atlanta Braves Holdings, Inc. (BATRA, BATRB, BATRK) (CIK 0001958140) (BATRA)

Atlanta Braves Holdings, Inc. (BATRA, BATRB, BATRK) (CIK 0001958140)
Date: Dec. 20, 2022 · CIK: 0001958140 · Accession: 0001104659-22-128799

AI Filing Summary & Sentiment

Date
December 20, 2022
Author
/s/ Samantha H. Crispin
Form
CORRESP
Company
Atlanta Braves Holdings, Inc. (BATRA, BATRB, BATRK) (CIK 0001958140)

Letter

2001 ROSS AVENUE AUSTIN NEW YORK

SUITE 900 BRUSSELS PALO ALTO

DALLAS, TEXAS DALLAS RIYADH

75201-2980 DUBAI SAN FRANCISCO

HOUSTON SINGAPORE

TEL +1 214.953.6500 LONDON WASHINGTON

FAX +1 214.953.6503

BakerBotts.com

December 20, 2022

Via EDGAR

Securities and Exchange Commission

100 F Street NE

Washington, D.C. 20549

Re: Atlanta Braves Holdings, Inc., Registration Statement on Form S-4

Ladies and Gentlemen:

On behalf of Atlanta Braves Holdings, Inc. (“SplitCo”), a wholly-owned subsidiary of Liberty Media Corporation (“Liberty Media”), we enclose herewith for filing under the Securities Act of 1933, as amended (the “Securities Act”), SplitCo’s Registration Statement on Form S-4 (the “Form S-4”), which includes the joint preliminary proxy statement/prospectus of SplitCo and Liberty Media, 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”). Concurrently herewith, Liberty Media is filing a registration statement 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”).

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 $221,135.07 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

Show Raw Text
CORRESP
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  2001 ROSS AVENUE
  AUSTIN
  NEW YORK

  SUITE 900
  BRUSSELS
  PALO ALTO

    DALLAS, TEXAS
    DALLAS
    RIYADH

    75201-2980
    DUBAI
    SAN FRANCISCO

    HOUSTON
    SINGAPORE

    TEL +1 214.953.6500
    LONDON
    WASHINGTON

    FAX +1 214.953.6503

    BakerBotts.com

December 20, 2022

Via EDGAR

Securities and Exchange Commission

100 F Street NE

Washington, D.C. 20549

 Re: Atlanta Braves Holdings, Inc., Registration Statement on Form S-4

Ladies and Gentlemen:

On behalf of Atlanta Braves Holdings,
Inc. (“SplitCo”), a wholly-owned subsidiary of Liberty Media Corporation (“Liberty Media”), we enclose
herewith for filing under the Securities Act of 1933, as amended (the “Securities Act”), SplitCo’s Registration
Statement on Form S-4 (the “Form S-4”), which includes the joint preliminary proxy statement/prospectus of SplitCo
and Liberty Media, 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”). Concurrently herewith, Liberty Media is filing a registration statement 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”).

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 $221,135.07 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:
  Atlanta Braves Holdings, Inc.

Renee L. Wilm

Brittany A. Uthoff

Katherine C. Jewell

Michael E. Hurelbrink