13G Filing: Park West Asset Management and Liberty Media Corp (NASDAQ:LSXMA)

12300 Liberty Boulevard

Englewood, Colorado 80112

This report on Schedule
13G (this “Schedule 13G”), is being jointly filed by (i) Park West Asset Management LLC (“PWAM”), a Delaware
limited liability company and the investment manager to (a) Park West Investors Master Fund, Limited (“PWIMF”), a Cayman
Islands exempted company that is the holder of 540,546 shares of Series A Liberty Braves Common Stock, par value $.01 per share
of the Company (“Series A Braves Common Stock”) reported on this Schedule 13G, and (b) Park West Partners International,
Limited (“PWPI” and, collectively with PWIMF, the “PW Funds”), a Cayman Islands exempted company that is
the holder of 70,557 shares of Series A Braves Common Stock reported on this Schedule 13G and (ii) Peter S. Park, as the sole member
and manager of PWAM (“Mr. Park” collectively with PWIMF and PWAM, the “Reporting Persons”).

The 611,103 shares of Series
A Braves Common Stock held in the aggregate by the PW Funds, which constitute approximately 6.0% of the shares of Series A Braves
Common Stock deemed to be outstanding as of March 17, 2017, may be deemed to be beneficially owned (x) indirectly by PWAM, as the
investment adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.

As of March 17, 2017, PWIMF
held 540,546 shares of Series A Braves Common Stock, constituting approximately 5.3% of the Series A Braves Common Stock deemed
to be issued and outstanding as of March 17, 2017.

The address for the Reporting
Persons is: 900 Larkspur Landing Circle, Suite 165, Larkspur, California 94939.

PWAM is organized under
the laws of the State of Delaware. Mr. Park is a citizen of the United States. PWIMF is a Cayman Islands exempted company.