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Exhibit 99.5


FORM OF BENEFICIAL OWNER ELECTION FORM

        I (we) acknowledge receipt of your letter and the enclosed materials relating to the offering of rights (the "Series C Liberty Braves Rights") to purchase shares of Series C Liberty Braves common stock, par value $0.01 per share (the "Series C Liberty Braves Common Stock"), of Liberty Media Corporation (the "Company").

        In Part I of this form, I (we) instruct you whether to exercise, sell or transfer the Series C Liberty Braves Rights distributed pursuant to the terms and subject to the conditions set forth in the prospectus dated May 18, 2016 (the "Prospectus").


PART I

BOX 1.   o   Please do not exercise Series C Liberty Braves Rights.

BOX 2.
 
o
 
Please exercise Series C Liberty Braves Rights as set forth below:

 
   Number of
Series C Liberty
Braves Rights 		   
   Subscription Price    
   Payment

Basic Subscription Privilege:

                    x   $12.80   =   $            (Line 1)

Oversubscription Privilege:

                    x   $12.80   =   $            (Line 2)

        By exercising the oversubscription privilege (the "Oversubscription Privilege") with respect to my (our) Series C Liberty Braves Rights, I (we) hereby represent and certify that I (we) have fully exercised my (our) basic subscription privilege (the "Basic Subscription Privilege") received in respect of shares of Series C Liberty Braves Common Stock held in the below described capacity.

        Total Payment Required = $                    

        (Sum of Lines 1 and 2 must equal total of amounts in Boxes 3 and 4)

BOX 3.   o   Payment in the following amount is enclosed:                     

BOX 4.
 
o
 
Please deduct payment from the following account maintained by you as follows:

Type of Account		  
Account No.

Amount to be deducted: $                    
 
 

Date:                        , 2016
 
Signature

BOX 5.   o   Please sell                     of my Series C Liberty Braves Rights.

1


BOX 6.
 
o
 
Please have Computershare Trust Company, N.A. effect my specific instructions that I have attached hereto and for which I have had an Eligible Institution guarantee my signature.

    Signature(s):  
 

 
 
Signature(s):
 
(If held jointly)

Please type or print name(s) below:
 
 
 
 



 
 
 
 



 
 
 
 

Signature(s) Guaranteed by:
 
 
 
 

Eligible Institution
 
 
 
 

2



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FORM OF BENEFICIAL OWNER ELECTION FORM
PART I