Liberty Media Corporation
Liberty Media Corporation
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Liberty Media Corporation

Companies

Liberty Media Corporation

Liberty Media Corporation

Advertising and media

Description

Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company founded by John C. Malone in 1991. The company has three divisions, reflecting its ownership stakes in Formula One, SiriusXM, and the Atlanta Braves Major League Baseball team.

History

Liberty Media began in 1991 as a spin-off of TCI, an American cable-television group. Peter Barton, hired by TCI's Malone, served as president until retiring in April 1997. The company took over TCI assets considered to have little value, but Barton completed "a deal every ten days for six years" and made the company a big success. Liberty was merged back into TCI in the mid-1990s.

The 2020s

On November 17, 2022, Liberty Media announced that it would split off the Atlanta Braves and its associated real estate development project, and create a new Liberty Live Group tracking stock to hold Liberty's 35% stake in Live Nation.

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