F1 Owner Liberty Media To Spin Off Entertainment Assets as CEO Steps Down

Group 1 - Liberty Media plans to spin off most of its entertainment assets, excluding Formula One, into a new publicly traded entity called Liberty Live [1][2] - CEO Greg Maffei will step down at the end of 2024, with John Malone taking over as interim CEO [4] - The spin-off is expected to simplify Liberty Media's complex stock structure, creating separate tracking stocks for Formula One and Liberty Live [4] Group 2 - Liberty Live will include a 30% stake in Live Nation Entertainment and the Quint ticket and hospitality firm [3] - Liberty Media will retain its ownership of Formula One and MotoGP, with the split anticipated to be completed in the second half of 2025 [3] - Liberty Broadband is being acquired by Charter Communications, with shareholders receiving 0.236 of a Charter share for each Liberty share owned [5]