FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MAFFEI GREGORY B
   2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [LSXMA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, CEO
(Last)
(First)
(Middle)
12300 LIBERTY BOULEVARD		 3. Date of Earliest Transaction (Month/Day/Year)
12/10/2020
(Street)

ENGLEWOOD, CO 80112		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Series C Liberty Braves Common Stock 12/10/2020   M   3,057 A $ 0 (1) 661,170 D  
Series C Liberty Formula One Common Stock 12/10/2020   M   6,959 A $ 0 (2) 870,147 D  
Series C Liberty Formula One Common Stock 12/10/2020   F   3,061 D $ 43.15 867,086 D  
Series C Liberty SiriusXM Common Stock 12/10/2020   M   8,571 A $ 0 (3) 3,319,244 D  
Series C Liberty Braves Common Stock               3,811 (4) I By 401(k) Savings Plan
Series C Liberty Formula One Common Stock               9,541 (4) I By 401(k) Savings Plan
Series C Liberty SiriusXM Common Stock               38,683 (4) I By 401(k) Savings Plan
Series C Liberty SiriusXM Common Stock               388,030 I Maven 2017 - 2 GRAT (5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units-BATRK (6) 12/10/2020   M     3,057 12/10/2020 12/10/2020 Series C Liberty Braves Common Stock 3,057 $ 0 0 D  
Restricted Stock Units-FWONK (7) 12/10/2020   M     6,959 12/10/2020 12/10/2020 Series C Liberty Formula One Common Stock 6,959 $ 0 0 D  
Restricted Stock Units-LSXMK (8) 12/10/2020   M     8,571 12/10/2020 12/10/2020 Series C Liberty SiriusXM Common Stock 8,571 $ 0 0 D  
Stock Option (Right to Buy) - BATRK $ 26.36 12/10/2020   A   352,224 (9)   12/31/2024 12/10/2027 Series C Liberty Braves Common Stock 352,224 $ 0 352,224 D  
Stock Option (Right to Buy) - FWONK $ 43.01 12/10/2020   A   544,508 (9)   12/31/2024 12/10/2027 Series C Liberty Formula One Common Stock 544,508 $ 0 544,508 D  
Stock Option (Right to Buy) - LSXMK $ 42.13 12/10/2020   A   665,140 (9)   12/31/2024 12/10/2027 Series C Liberty SiriusXM Common Stock 665,140 $ 0 665,140 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MAFFEI GREGORY B
12300 LIBERTY BOULEVARD
ENGLEWOOD, CO 80112		   X     President, CEO  

Signatures

 /s/ Craig Troyer as Attorney-in-Fact for Gregory B. Maffei   12/14/2020
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each restricted stock unit converted into one share of Series C Liberty Braves common stock.
(2) Each restricted stock unit converted into one share of Series C Liberty Formula One common stock.
(3) Each restricted stock unit converted into one share of Series C Liberty SiriusXM common stock.
(4) The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administrator dated as of November 30, 2020.
(5) The reporting person is the sole trustee of the grantor retained annuity trust, for the benefit of himself, his spouse and his children.
(6) Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Braves common stock.
(7) Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Formula One common stock.
(8) Each restricted stock unit represents a contingent right to receive one share of Series C Liberty SiriusXM common stock.
(9) This grant is made pursuant to the employment agreement between the reporting person and Liberty Media Corporation ("LMC"), effective December 13, 2019 (the "Agreement"). Pursuant to the Agreement, the reporting person is entitled to receive term equity awards with an aggregate grant date fair value of $90 million, granted in two equal tranches. The first tranche was granted in December 2019. The second tranche consists of time-vested stock options from each of LMC, Qurate Retail, Inc., Liberty Broadband Corporation and GCI Liberty, Inc., and time-vested restricted stock units (the "RSUs") from Liberty TripAdvisor Holdings, Inc. ("LTAH") (collectively, the "2020 term awards"). The 2020 term awards vest, in each case, on December 31, 2024, subject to the reporting person's continued employment (except LTAH's award of time-vested RSUs which vests on the fourth anniversary of its grant date), except as described in the Agreement.

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