<?xml version="1.0"?>
<ownershipDocument>

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    <documentType>4</documentType>

    <periodOfReport>2023-08-03</periodOfReport>

    <issuer>
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        <issuerName>Liberty Media Corp</issuerName>
        <issuerTradingSymbol>LSXMA</issuerTradingSymbol>
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            <rptOwnerName>Gilchrist Malcolm Ian Grant</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ENGLEWOOD</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80112</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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    <footnotes>
        <footnote id="F1">On August 3, 2023, the Issuer effected a reclassification and exchange (the &quot;Reclassification and Exchange&quot;), pursuant to which: (i) each outstanding share of Liberty SiriusXM Common Stock was reclassified into and exchanged for one share of the corresponding series of new Liberty SiriusXM Common Stock and 0.2500 of a share of the corresponding series of new Liberty Live Common Stock, and (ii) each outstanding share of Liberty Formula One Common Stock was reclassified into and exchanged for one share of the corresponding series of new Liberty Formula One Common Stock and 0.0428 of a share of the corresponding series of new Liberty Live Common Stock. The Reclassification and Exchange was exempt pursuant to Rule 16b-7 under the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), and such transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act (&quot;Rule 16b-3&quot;).</footnote>
        <footnote id="F2">In connection with the Reclassification and Exchange, each outstanding option award held by the reporting person with respect to the Issuer's Liberty SiriusXM Common Stock and/or with respect to the Issuer's Liberty Formula One Common Stock (together, the &quot;original awards&quot;) was reclassified into and exchanged for a new option award with respect to shares of the corresponding series of new Liberty SiriusXM Common Stock or new Liberty Formula One Common Stock, as applicable (together, the &quot;new awards&quot;), and a new Liberty Live option award to purchase shares of the corresponding series of Liberty Live Common Stock. See remarks section for additional information regarding the new awards.</footnote>
    </footnotes>

    <remarks>The number of shares and the exercise price of each new award were determined on August 8, 2023, and such adjustments were designed to preserve the value associated with the original awards prior to the Reclassification and Exchange. Otherwise such new award remains subject to the terms and conditions of the corresponding original award.  Such adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3. Multiple Forms Filed.,Multiple Forms Submitted</remarks>

    <ownerSignature>
        <signatureName>/s/ Brittany A. Uthoff as Attorney-in-Fact for Malcolm Ian Grant Gilchrist</signatureName>
        <signatureDate>2023-08-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
