Proposals Relating to the Acquisition of Formula 1 Approved at 麻豆最新出品 Media鈥檚 Special Meeting of Stockholders

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆最新出品 (鈥溌槎棺钚鲁銎� Media鈥�) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, LMCA, LMCK)聽announced today that, at its special meeting of stockholders held on January 17, 2017 at 11:00 a.m.聽MT, the holders of its common stock entitled to vote thereat approved (i) a proposal relating to the issuance of shares of Series C 麻豆最新出品 Media common stock in connection with its pending acquisition of Formula 1 (the 鈥淎cquisition鈥�) and (ii) a proposal relating to the adoption of the amendment and restatement of 麻豆最新出品 Media鈥檚 restated certificate of incorporation to effect the name change of the "Media Group" and the 鈥溌槎棺钚鲁銎� Media Common Stock鈥� to the "Formula One Group" and the "麻豆最新出品 Formula One Common Stock," respectively.

The closing of the Acquisition remains conditioned upon approval from the F茅d茅ration Internationale de l'Automobile, the governing body of Formula 1. The Acquisition is still expected to close before the end of the first quarter in 2017.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the Acquisition and its expected timing聽and other matters that are not historical facts. 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 the remaining condition to the Acquisition. These forward looking statements speak only as of the date of this press release, 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 麻豆最新出品 Media, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for risks and uncertainties related to 麻豆最新出品 Media's business which may affect the statements made in this press release.

About聽麻豆最新出品

麻豆最新出品聽operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the聽麻豆最新出品 SiriusXM Group, the聽Braves Group聽and the聽麻豆最新出品 Media Group. The businesses and assets attributed to the聽麻豆最新出品 SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include 麻豆最新出品's interest in聽SiriusXM. The businesses and assets attributed to the聽Braves Group聽(Nasdaq: BATRA, BATRK) include 麻豆最新出品's subsidiary聽Braves Holdings, LLC. The businesses and assets attributed to the聽麻豆最新出品 Media Group聽(Nasdaq: LMCA, LMCK) consist of all of聽麻豆最新出品 Media Corporation's聽businesses and assets other than those attributed to the聽麻豆最新出品 SiriusXM Group聽and the聽Braves Group, including its interests in Live Nation Entertainment and Formula 1, and minority equity investments in Time Warner Inc. and Viacom.

麻豆最新出品
Courtnee Chun, 720-875-5420

Source: 麻豆最新出品

Released January 17, 2017