About Our Tracking Stock Structure
We are Liberty Media Corporation. Based in Englewood, Colorado, we own interests in a high-quality portfolio of assets across the media, communications and entertainment industries. Our interests are attributed to three tracking stocks: Liberty SiriusXM Group, Formula One Group, and Braves Group. A tracking stock is a type of common stock that the issuing company intends to reflect or "track" the economic performance of a particular business or "group," rather than the economic performance of the company as a whole. While the Liberty SiriusXM Group, Braves Group and Formula One Group have separate collections of businesses, assets and liabilities attributed to them, no group is a separate legal entity and therefore cannot own assets, issue securities or enter into legally binding agreements. Our three tracking stocks represent the businesses, assets and liabilities attributed to each respective group.
The Series A, Series B and Series C Liberty SiriusXM common stock trade on the Nasdaq Global Select Market under the stock symbols LSXMA, LSXMB and LSXMK, respectively. The Series A and Series C Liberty Formula One common stock trade on the Nasdaq Global Select Market under the stock symbols FWONA and FWONK, respectively. The Series B Liberty Formula One common stock is quoted on the OTC Markets under the symbol FWONB. The Series A and Series C Liberty Braves common stock trade on the Nasdaq Global Select Market under the stock symbols BATRA and BATRK, respectively. The Series B Liberty Braves common stock is quoted on the OTC Markets under the symbol BATRB.
Series A shares have 1 vote per share, Series B shares have 10 votes per share, and Series C shares are non-voting.
The businesses and assets attributed to Liberty SiriusXM Group consist primarily of Liberty Media’s interests in SiriusXM, which includes its subsidiary Pandora, and Live Nation.
The businesses and assets attributed to the Formula One Group consist of Liberty Media’s subsidiary F1, its interest in Liberty Media Acquisition Corporation, other minority investments and an intergroup interest in the Braves Group.
Business Breakdowns: Stefano Domenicali, Arman Gokgol-Kline - Formula One: The Iconic Motor Sport
The businesses and assets attributed to the Braves Group consist of Liberty Media’s subsidiary Braves Holdings, LLC, which indirectly owns the Atlanta Braves Major League Baseball club, minor league clubs and associated real estate projects.