Liberty Media Corp (FWONA) SEC Filings

Liberty Media Corp (FWONA) is reported as having 11,982,362 shares of its common stock beneficially owned by Vanguard Capital Management and certain affiliates, representing 5.35% of the class. Vanguard reports sole voting power over 1,948,200 shares and sole dispositive power over all 11,982,362 shares.

The filing states that Vanguard-managed investment companies and other accounts have the right to receive dividends or sale proceeds from these securities, with no other individual interest exceeding 5% of the class. The submission is made solely to correct the issuer CIK from an earlier report and discloses that there is no change in beneficial ownership.

Liberty Media Corp (FWONA) is the subject of this amended Schedule 13G/A, in which The Vanguard Group reports that it now has 0 shares of Liberty Media common stock under its beneficial ownership and 0% of the class, with no voting or dispositive power.

The Vanguard Group explains that, following an internal realignment on January 12, 2026, certain subsidiaries and business divisions now report their holdings separately in reliance on SEC Release No. 34-39538, and Vanguard is no longer deemed to beneficially own those securities. This amendment is filed solely to correct the issuer CIK in a prior amendment and does not reflect any change in beneficial ownership.

Liberty Media Corp (symbol FWONA) reported senior management changes in its legal organization. Effective October 1, 2026, Philip J. Boeckman will become Chief Legal Officer, overseeing the company’s legal functions. He previously served as a Partner at Cravath, Swaine & Moore LLP from 1999 to 2026, including leadership roles in its London office and extensive work on cross-border capital markets, financings, M&A, SEC reporting and governance matters.

Also effective October 1, 2026, current senior legal executive Renee L. Wilm will move into the role of Senior Advisor, continuing to provide strategic guidance and support key initiatives across Liberty Media. The report is signed on behalf of Liberty Media by Vice President and Assistant Secretary Brittany A. Uthoff on September 2, 2026.

State of Wisconsin Investment Board reported its ownership of Liberty Media Corp Series A Liberty Formula One Common Stock. The investor beneficially owns 1,195,287 shares, representing 4.98% of this class. It has sole power to vote and dispose of all these shares, with no shared voting or dispositive power. The holder indicates that it owns 5 percent or less of the class.

Liberty Media Corporation entered into an indenture and completed a private placement of $690 million aggregate principal amount of 2.375% Senior Convertible Notes due 2032, including $90 million from the full exercise of the initial purchasers’ option. The notes were sold under Section 4(a)(2) and resold to Qualified Institutional Buyers under Rule 144A.

The notes are initially convertible into Liberty Media’s Series C common stock (FWONK) at a conversion rate of 7.2106 shares per $1,000 principal, implying a conversion price of about $138.68 per share, a 35% premium to the $102.73 FWONK price on August 10, 2026. Liberty Media may settle conversions in cash, shares, or a combination. Net proceeds are approximately $680 million after discounts and expenses.

Conversion before May 15, 2032 is allowed only if specified trading or pricing conditions are met, upon certain corporate events, or if the notes are called for redemption; thereafter they are convertible at any time until shortly before maturity on August 15, 2032. Separately, Liberty Media entered into privately negotiated capped call transactions related to its existing 2.25% Convertible Senior Notes due 2027, which are expected to help offset potential excess cash payments and reduce potential dilution upon conversion of those 2027 notes, subject to a cap.

Norges Bank, the central bank of Norway, reports a passive ownership position in Liberty Media Corp – Liberty Formula One common stock. Norges Bank beneficially owns 1,326,262 shares, representing 5.5282% of this class of securities.

The filing shows sole voting power over 1,308,568 shares and sole dispositive power over the same amount, with an additional 17,694 shares subject to shared dispositive power and no shared voting power. Certain shares are invested on behalf of the Government of Norway, and Norges Bank certifies that it is filing on a Schedule 13G basis as an investment adviser under a foreign regulatory regime it describes as substantially comparable to that of equivalent U.S. institutions.

Liberty Media Corporation is planning a private offering of $600 million aggregate principal amount of convertible senior notes due 2032, with an option for initial purchasers to buy up to an additional $90 million of notes within 13 days of issuance. These senior, unsecured notes will be convertible into cash, shares of Liberty Media’s Series C common stock (FWONK), or a combination, at the company’s election, with the interest rate and conversion terms set at pricing. Liberty Media expects to use the net proceeds to enter into capped call transactions related to its 2.25% Convertible Senior Notes due 2027 and for working capital and general corporate purposes, including repayment of the 2027 notes. The notes will be offered only to Qualified Institutional Buyers under Rule 144A and will not be registered under the Securities Act.

Liberty Media Corporation reported second quarter 2026 results with total revenue of $934 million, down from $1,341 million a year earlier, and operating income of $88 million versus $280 million. Adjusted OIBDA was $206 million compared with $369 million. Net earnings attributable to Liberty stockholders were $5 million, down from $204 million, while for the first half of 2026 net earnings attributable to stockholders were $62 million versus $209 million.

Formula 1 generated $764 million of Q2 revenue and operating income of $73 million, both lower year over year primarily because only five races were held versus nine and due to one-time 2025 movie-related revenue. MotoGP contributed $170 million of revenue and $37 million of operating income in the quarter, with first-half revenue of $264 million and operating income of $13 million. Cash and cash equivalents were $1,465 million at June 30, 2026, up $133 million during the quarter, and total debt decreased by $134 million to $4,855 million, as Liberty generated $673 million of operating cash flow in the first six months of 2026.

Liberty Media Corporation reported weaker results for the quarter ended June 30, 2026, with consolidated revenue of $934 million versus $1,341 million a year earlier and net earnings from continuing operations of $8 million versus $386 million. Net earnings attributable to Liberty stockholders were $5 million.

Following the December 2025 Liberty Live Split-Off and May 2026 reincorporation in Nevada, results now focus on motorsport businesses. For the first six months of 2026, revenue was $1,645 million compared with $1,788 million in 2025, and operating income was $152 million versus $213 million, with MotoGP contributing $264 million of revenue year to date.

Liberty generated $673 million of operating cash flow in the first half and ended June with $1,465 million of cash and cash equivalents against total debt principal of $4,855 million. The MotoGP purchase price totaled $3,659 million, and total assets reached $15,879 million.