---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-082079"
form_type: "8-K"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T07:01:06.947413+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Liberty Media completes split-off of Atlanta Braves Holdings; Braves now separate publicly traded company

## Summary
- Split-off completed July 18, 2023 at 5:00 p.m. ET; each Liberty Braves share exchanged for one share of Atlanta Braves Holdings.
- Atlanta Braves Holdings Series A and C common stock to begin trading on Nasdaq July 19 under BATRA and BATRK; Series B on OTC.
- Registration Rights Agreement requires Braves Holdings to register ~1.8M Series C shares issued to Liberty Media.
- Liberty Media continues trading LSXMA/B/C and FWONA/K; Braves split-off makes Braves Holdings independent.
- Liberty Media plans reclassification of common stock into Liberty Live tracking stock on August 3, 2023.

## SEC filing metadata
- accession: 0001104659-23-082079
- form_type: 8-K
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560385/000110465923082079/0001104659-23-082079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000110465923082079/tm2320270d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-082079
- JSON: https://secwatch.observer/filing/0001104659-23-082079.json
- Plain text: https://secwatch.observer/filing/0001104659-23-082079.txt

## Key facts
- M&A Transactions
  Liberty Media Corp completed a disposition involving Atlanta Braves Holdings, Inc. (closed 2023-07-18).
  - Action: disposition
  - Counterparty: Atlanta Braves Holdings, Inc.
  - Closing: 2023-07-18
  source text: On July 18, 2023 at 5:00 p.m., New York City time (the “Effective Time”), Liberty Media Corporation (the “Company”) completed its previously announced split-off (the “Split-Off”) of its former wholly owned subsidiary Atlanta Braves Holdings, Inc. (“Atlanta Braves Holdings”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560385/000110465923082079/0001104659-23-082079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.