Ï㽶´«Ã½

Exhibit 99.1

December 8, 2025

Split-Off of Ï㽶´«Ã½ Live Holdings Approved at Ï㽶´«Ã½ Media’s Special Meeting of Stockholders and Ï㽶´«Ã½ Media Announces Final Terms of Reattribution

ENGLEWOOD, Colo.—(BUSINESS WIRE)—Ï㽶´«Ã½ (“Ï㽶´«Ã½ Media”) (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) and Ï㽶´«Ã½ Live Holdings, Inc. (“Ï㽶´«Ã½ Live Holdings”) announced today that, at Ï㽶´«Ã½ Media’s virtual special meeting of its holders of Series A Ï㽶´«Ã½ Live common stock (“LLYVA”) and Series B Ï㽶´«Ã½ Live common stock (“LLYVB”) held on December 5, 2025 at 8:30 a.m. MT, the holders of LLYVA and LLYVB approved the previously announced split-off (the “Split-Off”) of Ï㽶´«Ã½ Live Holdings, which will be the owner of all of the businesses, assets and liabilities attributed to the Ï㽶´«Ã½ Live Group immediately prior to the Split-Off.

Assuming all other conditions to the Split-Off are satisfied or waived, as applicable, at 4:05 p.m., New York City time, on December 15, 2025, Ï㽶´«Ã½ Media will redeem, on a one-for-one basis, each outstanding share of Ï㽶´«Ã½ Live common stock in exchange for one share of the corresponding series of Ï㽶´«Ã½ Live Group common stock of Ï㽶´«Ã½ Live Holdings. Following the effectiveness of the Split-Off, Ï㽶´«Ã½ Media expects that Ï㽶´«Ã½ Live Holdings will have approximately 25.6 million shares of Series A Ï㽶´«Ã½ Live Group common stock, 2.5 million shares of Series B Ï㽶´«Ã½ Live Group common stock and 63.8 million shares of Series C Ï㽶´«Ã½ Live Group common stock outstanding.

In connection with the Split-Off, Ï㽶´«Ã½ Media has notified Nasdaq of its intention to voluntarily delist from the Nasdaq Global Select Market and deregister the shares of Series A and Series C Ï㽶´«Ã½ Live common stock. Ï㽶´«Ã½ Media has also notified the OTC Markets of its intention to remove from quotation the shares of Series B Ï㽶´«Ã½ Live common stock. As a result, Ï㽶´«Ã½ Media expects Ï㽶´«Ã½ Live common stock will cease to trade or be quoted on Nasdaq or the OTC Markets, as applicable, following market close on December 15, 2025.

Ï㽶´«Ã½ Media expects that Ï㽶´«Ã½ Live Holdings’ Series A and C Ï㽶´«Ã½ Live Group common stock will begin trading on the Nasdaq Global Select Market under the symbols “LLYVA” and “LLYVK,” respectively, and the Ï㽶´«Ã½ Live Holdings’ Series B Ï㽶´«Ã½ Live Group common stock will begin quotation on the OTC Markets under the symbol “LLYVB,” in each case, on December 16, 2025.

Further, in connection with the Split-Off, Ï㽶´«Ã½ Media is reattributing certain assets and liabilities between the Formula One Group and the Ï㽶´«Ã½ Live Group (the “Reattribution”). On December 3, 2025, Ï㽶´«Ã½ Media’s board of directors approved the final terms of the Reattribution. The Reattribution will become effective prior to the Split-Off at approximately 8:00 a.m., New York City time, on December 15, 2025.

In summary, $421.7 million of net asset value will be reattributed from the Formula One Group to the Ï㽶´«Ã½ Live Group including:

Similarly, $421.7 million of net asset value will be reattributed from the Ï㽶´«Ã½ Live Group to the Formula One Group including:

Forward-Looking Statements

This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including certain statements relating to the completion of the Split-Off and the proposed trading of Ï㽶´«Ã½ Live Holdings common stock. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as “possible,” “potential,” “intends” or “expects” or other words or phrases of similar import or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. 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 all other conditions to the Split-Off. These forward-looking statements speak only as of the date of this communication, and Ï㽶´«Ã½ 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 Ï㽶´«Ã½ Media’s 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 Ï㽶´«Ã½ Media, including its definitive proxy statement materials for the special meeting, as amended, and its most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports Ï㽶´«Ã½ Media subsequently files with the Securities and Exchange Commission (the “SEC”), for additional information about Ï㽶´«Ã½ Media and about the risks and uncertainties related to Ï㽶´«Ã½ Media’s business which may affect the statements made in this communication.

Additional Information

Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of common stock of Ï㽶´«Ã½ Media or Ï㽶´«Ã½ Live Holdings. The proposed offer and issuance of shares of Ï㽶´«Ã½ Live Holdings common stock in the Split-Off are being made only pursuant to an effective registration statement on Form S-4, including a proxy statement and a notice of meeting and action of Ï㽶´«Ã½ Media and prospectus of Ï㽶´«Ã½ Live Holdings. LIBERTY MEDIA STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ THE REGISTRATION STATEMENT, TOGETHER WITH ALL RELEVANT SEC FILINGS REGARDING THE SPLIT-OFF, AND ANY OTHER RELEVANT DOCUMENTS FILED AS EXHIBITS THEREWITH, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE SPLIT-OFF. The proxy statement/notice/prospectus and other relevant materials for the Split-Off have previously been provided to all LLYVA and LLYVB stockholders. Copies of these SEC filings are available, free of charge, at the SEC’s website (http://www.sec.gov). Copies of the filings together with the materials incorporated by reference therein are also available, without charge, by directing a request to Ï㽶´«Ã½, 12300 Ï㽶´«Ã½ Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (877) 772-1518.

About Ï㽶´«Ã½

Ï㽶´«Ã½ operates and owns interests in media, sports and entertainment businesses. Those businesses are attributed to two tracking stock groups: the Formula One Group and the Ï㽶´«Ã½ Live Group. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include Ï㽶´«Ã½ Media’s subsidiaries Formula 1, MotoGP, Quint and other minority investments. The businesses and assets attributed to the Ï㽶´«Ã½ Live Group (NASDAQ: LLYVA, LLYVK) include Ï㽶´«Ã½ Media’s interest in Live Nation Entertainment, Inc. (“Live Nation”) and other minority investments.

About Ï㽶´«Ã½ Live Holdings

Ï㽶´«Ã½ Live Holdings is currently a wholly owned subsidiary of Ï㽶´«Ã½ Media. Upon completion of the Split-Off, Ï㽶´«Ã½ Live Holdings will be an independent, publicly traded company and its principal assets will include all of Ï㽶´«Ã½ Media’s shares of common stock of Live Nation and Ï㽶´«Ã½ Media’s interests in certain private assets, including its wholly-owned subsidiary, QuintEvents, LLC.