<SEC-DOCUMENT>0001225208-23-007771.txt : 20230728
<SEC-HEADER>0001225208-23-007771.hdr.sgml : 20230728
<ACCEPTANCE-DATETIME>20230728162405
ACCESSION NUMBER:		0001225208-23-007771
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230724
FILED AS OF DATE:		20230728
DATE AS OF CHANGE:		20230728

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MALONE EVAN DANIEL
		CENTRAL INDEX KEY:			0001442645

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35707
		FILM NUMBER:		231123398

	MAIL ADDRESS:	
		STREET 1:		12300 LIBERTY BLVD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112

	FORMER NAME:	
		FORMER CONFORMED NAME:	Malone Evan Daniel
		DATE OF NAME CHANGE:	20080811

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Liberty Media Corp
		CENTRAL INDEX KEY:			0001560385
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEVISION BROADCASTING STATIONS [4833]
		IRS NUMBER:				371699499
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		12300 LIBERTY BOULEVARD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112
		BUSINESS PHONE:		720-875-5400

	MAIL ADDRESS:	
		STREET 1:		12300 LIBERTY BOULEVARD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Liberty Spinco, Inc.
		DATE OF NAME CHANGE:	20121015
</SEC-HEADER>
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        <issuerCik>0001560385</issuerCik>
        <issuerName>Liberty Media Corp</issuerName>
        <issuerTradingSymbol>LSXMA</issuerTradingSymbol>
    </issuer>

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        <reportingOwnerId>
            <rptOwnerCik>0001442645</rptOwnerCik>
            <rptOwnerName>MALONE EVAN DANIEL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>12300 LIBERTY BOULEVARD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ENGLEWOOD</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80112</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
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    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable></nonDerivativeTable>

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            </securityTitle>
            <conversionOrExercisePrice>
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            <exerciseDate>
                <value>2023-12-08</value>
            </exerciseDate>
            <expirationDate>
                <value>2023-12-08</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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            <expirationDate>
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            <underlyingSecurity>
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            <underlyingSecurity>
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            <securityTitle>
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                <footnoteId id="F2"/>
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            <expirationDate>
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                <underlyingSecurityTitle>
                    <value>Series C Liberty Formula One Common Stock</value>
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            <securityTitle>
                <value>Stock Option (Right to Buy) - FWONK</value>
            </securityTitle>
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                <footnoteId id="F2"/>
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                <value>2022-12-06</value>
            </exerciseDate>
            <expirationDate>
                <value>2028-12-06</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Series C Liberty Formula One Common Stock</value>
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        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Formula One common stock.</footnote>
        <footnote id="F2">In connection with the Formula One Distribution (as described in the Remarks section), each outstanding equity award held by the reporting person with respect to the Issuer's Liberty Formula One common stock (each, an &quot;equity award&quot;) was adjusted pursuant to the applicable equity award agreement, resulting in an adjustment to the number of shares relating to each equity award and, with respect to option awards, the option's exercise price. The adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. The reporting person is voluntarily filing this Form 4 for the purpose of reporting the adjustments described above. This Form 4 does not report any new transactions.</footnote>
    </footnotes>

    <remarks>On July 19, 2023, following the effectiveness of the split-off of Atlanta Braves Holdings, Inc. (&quot;Atlanta Braves Holdings&quot;) from the Issuer, the Issuer distributed on a pro rata basis 6,792,903 shares of Atlanta Braves Holdings' Series C common stock to holders of the Issuer's Series A Liberty Formula One common stock, Series B Liberty Formula One common stock and Series C Liberty Formula One common stock following the settlement and extinguishment of an intergroup interest in the Issuer's Braves Group attributed to the Issuer's Formula One Group (the &quot;Formula One Distribution&quot;), as described in the Registration Statement on Form S-4 filed by the Issuer with the Securities and Exchange Commission (File No. 333-268921).</remarks>

    <ownerSignature>
        <signatureName>/s/ Brittany A. Uthoff as Attorney-in-Fact for Evan Daniel Malone</signatureName>
        <signatureDate>2023-07-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
</SEC-DOCUMENT>
