麻豆app Completes Split-Off of Atlanta Braves Holdings, Inc.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆app (鈥溌槎筧pp Media鈥�) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) announced that it completed the split-off (the 鈥淪plit-Off鈥�) of Atlanta Braves Holdings, Inc. (鈥淎tlanta Braves Holdings鈥�) (Nasdaq: BATRA, BATRK) at 5:00 p.m., New York City time, today. As a result, 麻豆app Media and Atlanta Braves Holdings are now separate publicly traded companies. Atlanta Braves Holdings Series A common stock and Series C common stock will begin trading on Wednesday, July 19, 2023 on the Nasdaq Stock Market, under the symbols 鈥淏ATRA鈥� and 鈥淏ATRK鈥�, respectively. Atlanta Braves Holdings Series B common stock will be quoted on the OTC Markets under the symbol 鈥淏ATRB.鈥�

麻豆app Media鈥檚 麻豆app SiriusXM common stock and 麻豆app Formula One common stock will continue trading following the Split-Off until the completion of its previously announced reclassification of its existing common stock and the creation of the new 麻豆app Live common stock on August 3, 2023 after market close (the 鈥淩eclassification鈥�). For additional details regarding the Reclassification, please see the press release issued by 麻豆app Media earlier today, July 18, 2023.

Forward-Looking Statements

This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including certain statements relating to the completion of the proposed Reclassification. All statements other than statements of historical fact are 鈥渇orward-looking statements鈥� for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as 鈥減ossible,鈥� 鈥減otential,鈥� 鈥渋ntends鈥� or 鈥渆xpects鈥� or other words or phrases of similar import or future or conditional verbs such as 鈥渨ill,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥渟hould,鈥� 鈥渨ould,鈥� 鈥渃ould,鈥� or similar variations. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the satisfaction of all other conditions to the proposed Reclassification. These forward-looking statements speak only as of the date of this communication, and 麻豆app Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in 麻豆app Media鈥檚 expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of 麻豆app Media, including its Registration Statement on Form S-4 (File No. 333-268921), as amended, and its most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports 麻豆app Media subsequently files with the SEC, for additional information about 麻豆app Media and about the risks and uncertainties related to 麻豆app Media鈥檚 business which may affect the statements made in this communication.

Additional Information

Nothing in this communication shall constitute a solicitation to buy or an offer to sell shares of common stock of 麻豆app Media or Atlanta Braves Holdings. The proposed offer and issuance of shares of common stock of 麻豆app Media or Atlanta Braves Holdings, as applicable, in the distribution of Atlanta Braves Holdings Series C common stock to holders of 麻豆app Formula One common stock as of the previously disclosed record date (the 鈥淔ormula One Distribution鈥�) and the Reclassification will be made only pursuant to each company鈥檚 respective effective registration statement. 麻豆app Media stockholders and other investors are urged to read the registration statements, including the joint proxy statement/prospectus forming a part thereof regarding Reclassification and Formula One Distribution, and any other relevant documents filed as exhibits therewith, as well as any amendments or supplements to those documents, because they will contain important information about the Reclassification and the Formula One Distribution. Copies of these SEC filings are available free of charge at the SEC鈥檚 website (). Copies of the filings together with the materials incorporated by reference therein will also be available, without charge, by directing a request to 麻豆app, 12300 麻豆app Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (877) 772-1518.

About 麻豆app

麻豆app operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to two tracking stock groups: the 麻豆app SiriusXM Group and the Formula One Group. The businesses and assets attributed to the 麻豆app SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 麻豆app鈥檚 interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of 麻豆app鈥檚 businesses and assets other than those attributed to the 麻豆app SiriusXM Group, including its subsidiary Formula 1 and other minority investments.

麻豆app
Shane Kleinstein, 720-875-5432

Source: 麻豆app

Released July 18, 2023