Ï㽶´«Ã½

Exhibit 99.1

October 29, 2025

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John C. Malone to Transition to Chairman Emeritus of Ï㽶´«Ã½

Robert R. Bennett to Succeed Malone as Chairman of Board of Directors

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Ï㽶´«Ã½ (“Ï㽶´«Ã½ Media”) (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) today announced that, effective January 1, 2026, long-standing Chairman of the Board, John C. Malone, will step down from the board of directors (the “Board”) and transition to the role of Chairman Emeritus of Ï㽶´«Ã½ Media. Vice Chairman Robert R. (“Dob”) Bennett will assume the role of Chairman of the Board.

“Founding Ï㽶´«Ã½ Media and serving as its Chairman has been among the most rewarding experiences of my professional life,” said John Malone, Chairman of Ï㽶´«Ã½ Media. “With the successful simplification of our portfolio in recent years and our operating businesses in positions of strength, I believe it is an appropriate time to step back from certain of my obligations, and I am very pleased to have Dob Bennett, my partner and colleague of 35 years, stepping into the Chairman role. Dob has been involved in all key decisions throughout Ï㽶´«Ã½ Media’s history, and I am confident that Ï㽶´«Ã½ is well-positioned for the future. I look forward to remaining actively engaged as a large Ï㽶´«Ã½ shareholder and a strategic advisor to our management and Board.”

“I want to thank John for more than three decades of partnership and mentorship. His legacy as a visionary business leader is without parallel and I am deeply grateful for his confidence. I speak for the entire Board in thanking John for his extraordinary leadership as our Chairman and for his continuing engagement as Chairman Emeritus,” said Dob Bennett, Vice Chairman of Ï㽶´«Ã½ Media.

“I share Dob’s respect and appreciation for the privilege of working with John over the years and for the platform he built in Ï㽶´«Ã½,” said Derek Chang, President and CEO of Ï㽶´«Ã½ Media. “We look forward to continuing to benefit from John’s partnership as a strategic voice and advisor as we pursue long-term value creation at Ï㽶´«Ã½ Media and focus on sustained growth in our high-quality portfolio of assets.”

Mr. Bennett has been Vice Chairman of the Board since January 1, 2025, a director of Ï㽶´«Ã½ Media since 1994 and a member of its Executive Committee for over 15 years. Mr. Bennett served as Ï㽶´«Ã½ Media’s President and Chief Executive Officer from 1997 to 2005, prior to which he held other executive roles since joining Ï㽶´«Ã½ Media as one of its founding executives in 1991.

Following Dr. Malone’s resignation, the Board will be composed of 8 directors effective January 1, 2026, 5 of whom will be independent. The Executive Committee of the Board will be comprised of Dob Bennett, Derek Chang and Chase Carey.

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As of August 31, 2025, Dr. Malone beneficially owns approximately 241 thousand shares of Series A Formula One common stock, 2.364 million shares of Series B Formula One common stock and 2.515 million shares of Series C Formula One common stock, representing approximately 49.5% of the voting power of the Formula One common stock, as well as approximately 251 thousand shares of Series A Ï㽶´«Ã½ Live common stock, 2.465 million shares of Series B Ï㽶´«Ã½ Live common stock and 4.314 million shares of Series C Ï㽶´«Ã½ Live common stock, representing approximately 48.9% of the voting power of the Ï㽶´«Ã½ Live common stock.

As a reminder, Ï㽶´«Ã½ Media will host a conference call to discuss results for the third quarter of 2025 on Wednesday, November 5th at 10:00am E.T. and will be holding its annual Investor Meeting on Thursday, November 20th with presentations via webcast beginning at approximately 12:30pm E.T. Interested participants should visit the Ï㽶´«Ã½ Media website at /investors/news-events/ir-calendar to register for both events.

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 and other minority investments.

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GraphicÏ㽶´«Ã½
Shane Kleinstein, 720-875-5432

Source: Ï㽶´«Ã½

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