Liberty Media Corporation reported first quarter 2016 results. Highlights include:

• Completed Recapitalization into three tracking stock groups on April 15^th

• Attributed to Liberty SiriusXM Group

  • SiriusXM reported strong first quarter 2016 results

    • Net subscriber growth of 8% to nearly 30.1 million

    • Revenue climbs 11% to $1.2 billion, a quarterly record

    • Net income rises 62% to $171 million

    • Adjusted EBITDA grows 11% to $441 million

  • Liberty Media’s ownership of SiriusXM stood at 63.8% as of April 26^th

• Attributed to Liberty Media Group

  • Expect to receive approximately $48 million in pre-tax proceeds from Hallmark purchase of Crown Media

• Attributed to Liberty Braves Group

  • Planned $200 million rights offering (the “Rights Offering”) for BATRK common stock expected to launch on May 19^th

  • Ballpark and mixed-use development projects continue to be on-time and on-budget

“SiriusXM again posted strong results, setting a record for quarterly revenue and subscriber growth that resulted in an increase to its forecasted 2016 full-year net subscriber additions on its earnings call on April 28^th,” stated Greg Maffei, President and CEO of Liberty Media. “At Liberty, we completed the recapitalization into three tracking stocks groups on April 15^th. While the tracking stocks have experienced expected early volatility, we anticipate that the rationale for the recapitalization will play out over time.”