Liberty Media to spin-off Liberty Live Group.

Liberty Media, an American mass media company, is set to spin-off Liberty Live Group. "The split-off of Liberty Live Group into a separate public entity will simplify Liberty Media’s capital structure, should reduce the discount to net asset value of our Liberty Live stock and enhance trading liquidity at both entities. Following the split-off, Liberty Media will be an independent, asset-backed company holding our motorsport businesses and related sports investments," Greg Maffei, Liberty Media President and CEO.