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
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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