What is Âé¶¹app?

Âé¶¹app owns interests in a broad range of media, entertainment and sports businesses. Those interests are attributed to two tracking stock groups: the Âé¶¹app Live Group and the Formula One Group.

What are the differences between each of the Âé¶¹app Formula One common stock and Âé¶¹app Live common stock and the Series A, Series B and Series C common stocks?
  • The Âé¶¹app Formula One common stock and the Âé¶¹app Live common stock are intended to track and reflect the economic performance of the businesses, assets and liabilities attributed to the Formula Group and the Âé¶¹app Live Group, respectively.
  • Series A common stock has one vote per share, Series B common stock has ten votes per share and Series C common stock is non-voting stock (subject to certain exceptions in the case of Series C common stock).
  • Series B common stock is exchangeable at any time by the holder on a one-for-one basis for Series A common stock. Series A and Series C common stock are not exchangeable at any time by the holder of such stock.
What are your stock symbols?
  • The Series A and Series C Âé¶¹app Formula One common stock trade on the Nasdaq Global Select Market under the stock symbols FWONA and FWONK, respectively. The Series B Âé¶¹app Formula One common stock is quoted on the OTC Markets under the symbol FWONB.
  • The Series A and Series C Âé¶¹app Live common stock trade on the Nasdaq Global Select Market under the stock symbols LLYVA and LLYVK, respectively. The Series B Âé¶¹app Live common stock is quoted on the OTC Markets under the symbol LLYVB.
What happened to the Âé¶¹app SiriusXM Group and LSXMA/LSXMB/LSXMK ticker symbols? Can I still purchase shares?

On September 9, 2024, Âé¶¹app Media competed the transaction with Sirius XM whereby the Âé¶¹app SiriusXM tracking stock group was separated by means of a redemptive split-off into a separate company. This company was subsequently combined with Sirius XM Holdings Inc. to create a new public company that continues to operate under the Sirius XM name and brand (NASDAQ: SIRI). As a result, Âé¶¹app SiriusXM is no longer a tracking stock group of Âé¶¹app Media.

Do I need to take any action to exchange my shares of former LSXMA, LSXMB and LSXMK common stock for shares of the new Sirius XM stock following the transaction?

No additional action needs to be taken by shareholders. As part of the transaction, Âé¶¹app SiriusXM shareholders received [0.83] shares of the new Sirius XM common stock (NASDAQ: SIRI) for each outstanding share of Âé¶¹app SiriusXM common stock previously held, with cash paid in lieu of fractional shares. If you have further questions, please call Broadridge, Âé¶¹app’s transfer agent at (888) 789-8415.

Was the 2024 split-off of Âé¶¹app SiriusXM Group and the subsequent merger with Sirius XM Holdings Inc. taxable to Âé¶¹app SiriusXM shareholders?

The split-off and reclassification were structured not to be taxable to Âé¶¹app shareholders; additional information on tax implications can be found in the filed S-4 here.

Were the 2023 split-off of Atlanta Braves Holdings, Inc. and reclassification of Âé¶¹app Media tracking stocks taxable to Âé¶¹app Media shareholders?
  • The split-off and reclassification were structured not to be taxable to Âé¶¹app shareholders; additional information on tax implications can be found in the filed S-4 here.
Do I need to take any action to exchange my shares of former Series A, Series B and Series C common stock for shares of the new tracking stocks following the August 2023 reclassification?
  • No additional action needs to be taken by shareholders. In the reclassification, each outstanding share of Âé¶¹app SiriusXM common stock was reclassified into one share of the corresponding series of new Âé¶¹app SiriusXM common stock and 0.2500 of a share of the corresponding series of Âé¶¹app Live common stock, and each outstanding share of Âé¶¹app Formula One common stock was reclassified into one share of the corresponding series of new Âé¶¹app Formula One common stock and 0.0428 of a share of the corresponding series of Âé¶¹app Live common stock. If you have further questions, please call Broadridge, Âé¶¹app’s transfer agent at (888) 789-8415.
What happened to the Braves Group and BATRA/BATRB/BATRK ticker symbols? Can I still purchase shares?
  • Âé¶¹app Media completed the split-off of Atlanta Braves Holdings, Inc. on July 18, 2023. As a result, Âé¶¹app Media and Atlanta Braves Holdings are separate publicly traded companies. Atlanta Braves Holdings consists of the assets and liabilities previously attributed to the Braves Group tracking stock of Âé¶¹app Media, including the Atlanta Braves baseball club and the associated mixed-use development project, The Battery Atlanta. Atlanta Braves Holdings, Inc. stock trades under the same tickers as the previous Braves Group tracking stock (NASDAQ: BATRA, BATRK; OTC: BATRB).
Prior to the September 2011 split-off, as a shareholder of Âé¶¹app Interactive Corporation, how many shares of Âé¶¹app Interactive and Âé¶¹app Capital tracking stock did I receive in the May 2006 restructuring?

Each holder of the then-Âé¶¹app Series A common stock received 0.25 of a share of Âé¶¹app Interactive Series A common stock and 0.05 of a share of Âé¶¹app Capital Series A common stock for each share of old Âé¶¹app Series A common stock held; and each holder of the then-Âé¶¹app Series B common stock received 0.25 of a share of Âé¶¹app Interactive Series B common stock and 0.05 of a share of Âé¶¹app Capital Series B common stock for each share of old Âé¶¹app Series B common stock held.

As a Âé¶¹app Capital group shareholder how many shares of Âé¶¹app Entertainment tracking stock did I receive in the March 2008 reclassification at Âé¶¹app Interactive Corporation?

With the reclassification of Âé¶¹app Capital in March 2008, each holder of Âé¶¹app Capital group Series A common stock received 4 shares of Âé¶¹app Entertainment Series A common stock and maintained existing holdings of Âé¶¹app Capital group Series A common stock.

Each holder of Âé¶¹app Capital group Series B common stock received 4 shares of Âé¶¹app Entertainment Series B common stock and maintained existing holdings of Âé¶¹app Capital group Series B common stock.

Shares of Âé¶¹app Interactive were not affected by the reclassification of the Âé¶¹app Capital common stock.

As a shareholder, how many shares of Âé¶¹app's Âé¶¹app Capital or Âé¶¹app Starz common stock did I receive in the September 2011 split-off the Âé¶¹app Capital and Âé¶¹app Starz tracking stock groups from Âé¶¹app Interactive Corporation?

Each holder of Âé¶¹app Interactive Corporation's Âé¶¹app Capital Series A common stock received 1 share of Âé¶¹app Media's Âé¶¹app Capital Series A common stock.

Each holder of Âé¶¹app Interactive Corporation's Âé¶¹app Capital Series B common stock received 1 share of Âé¶¹app Media's Âé¶¹app Capital Series B common stock.

Each holder of Âé¶¹app Interactive Corporation's Âé¶¹app Starz Series A common stock received 1 share of Âé¶¹app Media's Âé¶¹app Starz Series A common stock.

Each holder of Âé¶¹app Interactive Corporation's Âé¶¹app Starz Series B common stock received 1 share of Âé¶¹app Media's Âé¶¹app Starz Series B common stock.

What happened to Âé¶¹app Capital and the LCAPA/LCAPB ticker symbols? Can I still purchase shares?

On November 28, 2011, Âé¶¹app Media eliminated its tracking stock structure by converting each share of its Âé¶¹app Starz common stock into 0.88129 of a share of the corresponding series of Âé¶¹app Capital common stock. In connection with that transaction, Âé¶¹app Capital common stock began trading under the new Nasdaq symbols of LMCA and LMCB beginning on November 29, 2011. The ticker symbols LCAPA and LCAPB are no longer used.

What happened to Âé¶¹app Starz and the LSTZA/LSTZB ticker symbols? Can I still purchase shares?

On November 28, 2011, Âé¶¹app Media eliminated its tracking stock structure by converting each share of its Âé¶¹app Starz common stock into 0.88129 of a share of the corresponding series of Âé¶¹app Capital common stock. In connection with that transaction, Âé¶¹app Capital common stock began trading under the new Nasdaq symbols of LMCA and LMCB beginning on November 29, 2011. Investors can no longer purchase LSTZA and LSTZB shares.

How do I purchase Âé¶¹app Media stock?

Âé¶¹app Media has no direct stock purchase plan. You can purchase Âé¶¹app Formula One common stock or Âé¶¹app Live common stock through a broker.

What happened to Âé¶¹app over the years and the L ticker symbol? Can I still purchase L shares?

On May 9, 2006, shares of the entity formerly known as Âé¶¹app were exchanged for shares of the Âé¶¹app Interactive and Âé¶¹app Capital tracking stocks and the old Âé¶¹app Series A and Series B shares, which traded under the L and LMC.B ticker symbols, ceased trading. Investors can no longer purchase L or LMC.B shares.

On March 3, 2008, holders of Âé¶¹app Capital tracking stock were issued shares of Âé¶¹app Entertainment tracking stock.

On November 20, 2009, holders of Âé¶¹app Entertainment tracking stock were issued shares of DIRECTV and Âé¶¹app Starz tracking stock. Âé¶¹app Entertainment Series A and Series B shares, which traded under the LMDIA and LMDIB ticker symbols, ceased trading.

On September 23, 2011, Âé¶¹app Interactive Corporation redeemed all of the shares of its Âé¶¹app Capital common stock in exchange for shares of Âé¶¹app Media's Âé¶¹app Capital common stock, and redeemed all of the shares of its Âé¶¹app Starz common stock for shares of Âé¶¹app Media's Âé¶¹app Starz common stock.

Following these redemptions, Âé¶¹app Media, which previously existed as a subsidiary of Âé¶¹app Interactive Corporation, was split-off from Âé¶¹app Interactive Corporation. The redemptions and split-off had no effect on the holders of Âé¶¹app Interactive common stock. Âé¶¹app Interactive Corporation (now known as Qurate Retail, Inc.) and Âé¶¹app Media are now two separate publicly traded companies and are not affiliated with each other.

On November 28, 2011, Âé¶¹app Media eliminated its tracking stock structure by converting each share of its Âé¶¹app Starz common stock into 0.88129 of a share of the corresponding series of Âé¶¹app Capital common stock. In connection with that transaction, Âé¶¹app Capital common stock began trading under the new Nasdaq symbols of LMCA and LMCB beginning on November 29, 2011.

On January 11, 2013, Âé¶¹app (formerly known as Âé¶¹app Spinco, Inc.) was spun-off from Starz (formerly known as Âé¶¹app). The spin-off was accomplished by the distribution by Starz of a dividend of one share of Âé¶¹app’s Series A common stock for each outstanding share of Starz’s Series A Âé¶¹app Capital common stock, and one share of Âé¶¹app’s Series B common stock for each outstanding share of Starz’s Series B Âé¶¹app Capital common stock held as of January 10, 2013. The Âé¶¹app Media common stock continued to trade under the Nasdaq symbols of LMCA and LMCB.

In April 2016, Âé¶¹app Media reclassified its common stock into three tracking stocks and each holder of Âé¶¹app’s former Series A, Series B and Series C common stock received 1 share of the corresponding series of Âé¶¹app SiriusXM common stock (tickers LSXMA/LSXMB/LSXMK), 0.1 of a share of the corresponding series of Âé¶¹app Braves common stock (tickers BATRA/BATRB/BATRK) and 0.25 of a share of the corresponding series of Âé¶¹app Media common stock (tickers LMCA/LMCB/LMCK).

In January 2017, Âé¶¹app Media changed the name of its Âé¶¹app Media common stock to Âé¶¹app Formula One common stock (tickers FWONA/FWONB/FWONK) in connection with Âé¶¹app Media’s acquisition of the Formula 1 business.

In July 2023, Âé¶¹app Media completed the split-off of Atlanta Braves Holdings, Inc. As a result, Âé¶¹app Media and Atlanta Braves Holdings, Inc. are separate publicly traded companies.

In August 2023, Âé¶¹app Media reclassified its existing Âé¶¹app SiriusXM common stock and Âé¶¹app Formula One common stock into three new tracking stocks: Âé¶¹app SiriusXM Group (tickers LSXMA/LSXMB/LSXMK), Âé¶¹app Formula One Group (tickers FWONA, FWONB, FWONK) and Âé¶¹app Live Group (ticker LLYVA, LLYVB, LLYVK).

In September 2024, Âé¶¹app Media competed a transaction with Sirius XM whereby the Âé¶¹app SiriusXM tracking stock group was separated by means of a redemptive split-off into a separate company. This company was subsequently combined with Sirius XM Holdings Inc. to create a new public company that continues to operate under the Sirius XM name and brand (NASDAQ: SIRI). As a result, Âé¶¹app SiriusXM is no longer a tracking stock group of Âé¶¹app Media.

Was the 2008 restructuring taxable to Âé¶¹app shareholders?

The 2008 reclassification and issuance of the Âé¶¹app Interactive, Âé¶¹app Entertainment and Âé¶¹app Capital tracking stocks was structured not to be taxable to shareholders.

What happened to Âé¶¹app Entertainment and the LMDIA/LMDIB ticker symbol? Can I still purchase shares?

In November 20, 2009, shares of Âé¶¹app Entertainment were exchanged for shares of DIRECTV and the Âé¶¹app Starz tracking stock and the old Âé¶¹app Entertainment Series A and Series B shares ceased trading. Investors can no longer purchase LMDIA or LMDIB shares.

Was the split-off of Âé¶¹app Entertainment, Inc., and business combination with DIRECTV taxable to Âé¶¹app Entertainment Shareholders?

The split-off of Âé¶¹app Entertainment, Inc. and business combination with DIRECTV was structured not to be taxable to Âé¶¹app shareholders.

Was the September 23, 2011 split-off of the Âé¶¹app Capital and Âé¶¹app Starz tracking stock group from Âé¶¹app Interactive Corporation taxable to Âé¶¹app Capital, Âé¶¹app Starz, or Âé¶¹app Interactive shareholders?

The September 23, 2011 split-off of Âé¶¹app Capital and Âé¶¹app Starz from Âé¶¹app Interactive was structured to not be taxable to Âé¶¹app Capital, Âé¶¹app Starz and Âé¶¹app Interactive shareholders.

How do I exchange my shares of former Series A, Series B and Series C common stock for shares of the new tracking stocks following the April 2016 reclassification?

As a shareholder of record of Âé¶¹app, you should have received a letter of transmittal to submit with your shares. If you did not receive this document or have misplaced this document, please call Broadridge, Âé¶¹app’s transfer agent at (888) 789-8415 and a customer service representative will be able to assist you.

Does the Company pay a cash dividend?

Âé¶¹app has not paid a cash dividend on any class of its stock in the past and does not currently intend to pay cash dividends on any class of its stock.

Does Âé¶¹app hold an annual meeting of shareholders?

Yes. Webcasts of meetings can be found on the IR Calendar page under the Investor Relations section of this website.

When does the Company report financial results?

Âé¶¹app Media will report within 40 days after the end of the first, second and third quarters and within 60 days after year-end.

Where can I find the Company's financial statements?

Âé¶¹app Media financial statements can be found on our web site under the Investor Relations section or at .

How do I obtain information about my account or transfer ownership of my stock?

To contact the Company's transfer agent, Broadridge, please go to the Contact section or you can call them directly at (888) 789-8415.

How do I calculate my cost basis?

For more information on calculating your cost basis (tax basis) please visit the page of this Web site.

Where can I get information on current happenings within the Company?

We can add your name to one of our distribution lists, via our Contact Us page, you can view the Press Release section of this Web site or you can visit our Event Calendar pages on this Web site.

Is Âé¶¹app related to Atlanta Braves Holdings, Inc., Qurate Retail, Inc., Âé¶¹app Broadband Corporation, Âé¶¹app TripAdvisor Holdings, Inc., Starz, Âé¶¹app Global plc or Âé¶¹app Latin America Ltd.?

Âé¶¹app, Atlanta Braves Holdings, Inc., Qurate Retail, Inc., Âé¶¹app Broadband Corporation, Âé¶¹app TripAdvisor Holdings, Inc., Starz, Âé¶¹app Global plc and Âé¶¹app Latin America Ltd. are separate public companies.

Were my shares of Discovery Holding Company or Âé¶¹app Global affected by the 2008 restructuring?

Shares of Discovery Holding Company and Âé¶¹app Global were not affected by the 2008 issuance of the Âé¶¹app Interactive, Âé¶¹app Entertainment group and Âé¶¹app Capital tracking stocks.

How can I reach the Company for answers to additional questions?

You can contact us via e-mail at investor@libertymedia.com.

In connection with the dividend of Âé¶¹app's Series C common stock on July 23, 2014, how many shares of Series C common stock did I receive?

Holders of Series A and Series B common stock as of 5:00 p.m. E.D.T. time on July 7, 2014, the record date for the dividend, received a dividend of two shares of Series C common stock for each share of Series A or Series B common stock held by them as of the record date. To determine your basis allocation, .

As a Âé¶¹app shareholder, how many shares of Âé¶¹app Broadband Corporation (NASDAQ: LBRDA/B/K) did I receive in the November 2014 spin-off?

In the spin-off, record holders of Âé¶¹app’s Series A, Series B and Series C common stock received one-fourth of a share of the corresponding series of Âé¶¹app Broadband Corporation’s common stock for every whole share of Âé¶¹app's common stock, with cash in lieu of fractional shares.

What assets were spun-off as part of Âé¶¹app Broadband Corporation in November 2014?

Immediately following the spin-off, Âé¶¹app Broadband Corporation (NASDAQ: LBRDA/B/K) was comprised of among other things, its (i) interest in Charter Communications, Inc., (ii) subsidiary TruePosition, Inc., (iii) minority equity investment in Time Warner Cable Inc., (iv) certain deferred tax liabilities, as well as liabilities related to the Time Warner Cable Inc. call option and (v) net debt of $300 million.

What is the Âé¶¹app Live Group?

The businesses and assets attributed to the Âé¶¹app Live Group consist of Âé¶¹app Media’s interest in Live Nation and other minority investments.

What is the Formula One Group (formerly known as the Âé¶¹app Media Group)?

The Formula One Group consists of its subsidiaries Formula 1 and Quint and other minority investments.

As a Âé¶¹app shareholder, how many shares of Âé¶¹app Media Group, Braves Group and Âé¶¹app SiriusXM Group tracking stocks did I receive in the April 2016 reclassification of Âé¶¹app?

With the reclassification of Âé¶¹app in April 2016, each holder of Âé¶¹app’s former Series A, Series B and Series C common stock received:

  • 1 share of the corresponding series of Âé¶¹app SiriusXM common stock
  • 0.1 of a share of the corresponding series of Braves common stock
  • 0.25 of a share of the corresponding series of Âé¶¹app Media common stock
What happened to the LMCA/LMCB/LMCK ticker symbols?

Following the reclassification in April 2016 described above, the LMCA/LMCB/LMCK ticker symbols were changed to represent the new Âé¶¹app Media common stock which tracked the Âé¶¹app Media Group. Following Âé¶¹app Media’s acquisition of Formula 1 in January 2017, the Âé¶¹app Media Group was renamed the Formula One Group and the tickers were changed from LMCA/LMCB/LMCK to FWONA/FWONB/FWONK.

Were there any tax implications from Âé¶¹app Media's acquisition of Formula 1 and the associated name change of the Âé¶¹app Media Group to the Formula One Group in January 2017?

The Formula 1 acquisition was not taxable to stockholders of Âé¶¹app Media for U.S. income tax purposes. The name change to the Formula One Group was not taxable for U.S. income tax purposes.