ݮƵ Completes Recapitalization into Three Tracking Stocks

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Today ݮƵ(“Liberty”) (Nasdaq: LMCA, LMCB, LMCK) completed a previously announced transaction whereby it recapitalized its existing common stock into three new tracking stocks: the Liberty Braves common Stock, the ݮƵ common Stock and the Liberty SiriusXM common Stock (the “recapitalization”). In the recapitalization, each issued and outstanding share of Liberty’s existing common stock was reclassified and exchanged for (a) 1 share of the corresponding series of Liberty SiriusXM common stock, (b) 0.1 of a share of the corresponding series of Liberty Braves common stock and (c) 0.25 of a share of the corresponding series of ݮƵ common stock.

Liberty anticipates that the newly issued shares will commence trading or quotation in the regular way on the Nasdaq Global Select Market or the OTC Markets, as applicable, on Monday, April 18, 2016 under the following symbols:

Nasdaq Global Select Market

Tracking Stock

Symbol

Series A Liberty SiriusXM common stock LSXMA
Series B Liberty SiriusXM common stock LSXMB
Series C Liberty SiriusXM common stock LSXMK
Series A ݮƵ common stock LMCA
Series C ݮƵ common stock LMCK
Series A Liberty Braves common stock BATRA
Series C Liberty Braves common stock BATRK

OTC Markets

Tracking Stock

Symbol

Series B ݮƵ common stock LMCB
Series B Liberty Braves common stock BATRB

AboutݮƵ

ݮƵ (Nasdaq: LMCA, LMCB, LMCK) 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 Braves Group, the ݮƵ Group and the Liberty SiriusXM Group. The businesses and assets attributed to the Liberty SiriusXM Group include our interest in SiriusXM. The businesses and assets attributed to the Liberty Braves Group include our subsidiary Braves Holdings, LLC. The businesses and assets attributed to the ݮƵ Group consist of all of ݮƵ's businesses and assets other than those attributed to the Liberty Braves Group and Liberty SiriusXM Group, including its interest in Live Nation Entertainment, and minority equity investments in Time Warner Inc. and Viacom.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the commencement of quotation of the new LMCB and BATRB. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

ݮƵ
Courtnee Chun, 720-875-5420

Source: ݮƵ