Exhibit 99.1
July 18, 2023
麻豆最新出品 Media
Corporation Completes Split-Off of
Atlanta Braves Holdings, Inc.
ENGLEWOOD, Colo.—(BUSINESS WIRE)—麻豆最新出品 Media Corporation (“麻豆最新出品 Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) announced that it completed the split-off (the “Split-Off”) of Atlanta Braves Holdings, Inc. (“Atlanta Braves Holdings”) (Nasdaq: BATRA, BATRK) at 5:00 p.m., New York City time, today. As a result, 麻豆最新出品 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 “BATRA” and “BATRK”, respectively. Atlanta Braves Holdings Series B common stock will be quoted on the OTC Markets under the symbol “BATRB.”
麻豆最新出品 Media’s 麻豆最新出品 SiriusXM common stock and 麻豆最新出品 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 麻豆最新出品 Live common stock on August 3, 2023 after market close (the “Reclassification”). For additional details regarding the Reclassification, please see the press release issued by 麻豆最新出品 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 “forward-looking statements” for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as “possible,” “potential,” “intends” or “expects” or other words or phrases of similar import or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” 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 麻豆最新出品 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 麻豆最新出品 Media’s 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 麻豆最新出品 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 麻豆最新出品 Media subsequently files with the SEC, for additional information about 麻豆最新出品 Media and about the risks and uncertainties related to 麻豆最新出品 Media’s 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 麻豆最新出品 Media or Atlanta Braves Holdings. The proposed offer and issuance of shares of common stock of 麻豆最新出品 Media or Atlanta Braves Holdings, as applicable, in the distribution of Atlanta Braves Holdings Series C common stock to holders of 麻豆最新出品 Formula One common stock as of the previously disclosed record date (the “Formula One Distribution”) and the Reclassification will be made only pursuant to each company’s respective effective registration statement. 麻豆最新出品 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’s website (http://www.sec.gov). Copies of the filings together with the materials incorporated by reference therein will also be available, without charge, by directing a request to 麻豆最新出品, 12300 麻豆最新出品 Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (877) 772-1518.
About 麻豆最新出品
麻豆最新出品 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to two tracking stock groups: the 麻豆最新出品 SiriusXM Group and the Formula One Group. The businesses and assets attributed to the 麻豆最新出品 SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 麻豆最新出品’s interests in SiriusXM and Live Nation Entertainment. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) consist of all of 麻豆最新出品’s businesses and assets other than those attributed to the 麻豆最新出品 SiriusXM Group, including its subsidiary Formula 1 and other minority investments.
麻豆最新出品 Media Corporation
Shane Kleinstein, 720-875-5432
Source: 麻豆最新出品