Exhibit 4.2

 



NNNNNNNNNNNN .   + 250 Royall Street, Suite V Canton MA 02021 LIBERTY MEDIA CORPORATION   Information Agent: NNNNNN D.F. King & Co., Inc. Telephone 866-342-2171 MR   A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 ADD 5 ADD 6 NHolder   NAccounNt NumNber NN J N T C 1234567890 Account: Subscription Rights:   12345678901234 12345678901234 As the registered owner of the rights certificate   below (the “Rights Certificate”), you are entitled to subscribe for the   number of shares of Series C Liberty Braves Common Stock, par value $0.01 per   share (the “Series C Liberty Braves Common Stock” or “BATRK”), of Liberty   Media Corporation, a Delaware corporation (the “Company”), shown above and   below. Each whole transferable subscription right (each a “Right”) entitles   the holder to subscribe for and purchase one share of Series C Liberty Braves   Common Stock (the “Basic Subscription Privilege”) at a subscription price per   share equal to $12.80 (the “Subscription Price”), pursuant to a rights   offering (the “Rights Offering”). If any shares of Series C Liberty Braves   Common Stock available for purchase in the Rights Offering are not purchased   by the Rightsholders pursuant to the exercise of their Basic Subscription   Privilege (the “Excess Shares”), any Rightsholder fully exercising its Basic   Subscription Privilege hereunder may also subscribe for a number of Excess   Shares pursuant to the terms and conditions of the Rights Offering, subject   to proration (the “Oversubscription Privilege”) as described in the   prospectus relating to the Rights Offering, dated May 18, 2016, forming a   part of the Company’s Registration Statement on Form S-3 (the “Prospectus”). FOR   A MORE COMPLETE DESCRIPTION OF THE TERMS AND CONDITIONS OF THE RIGHTS   OFFERING, PLEASE REFER TO THE PROSPECTUS, WHICH IS INCORPORATED HEREIN BY   REFERENCE. COPIES OF THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM THE   INFORMATION AGENT, D.F. KING & CO., INC., AT 866-342-2171. EXERCISABLE ON   OR BEFORE 5:00 P.M., NEW YORK CITY TIME, ON JUNE 16, 2016 UNLESS EXTENDED BY   THE COMPANY (THE “EXPIRATION TIME”) (Complete appropriate section on   subsequent pages of this form.) The Company is conducting a Rights Offering,   which entitles holders of the Company’s Series A Liberty Braves Common Stock,   par value $0.01 per share, Series B Liberty Braves Common Stock, par value   $0.01 per share, and Series C Liberty Braves Common Stock to receive 0.47 of   a Right for each share of Series A Liberty Braves Common Stock, Series B   Liberty Braves Common Stock, or Series C Liberty Braves Common Stock held by   them as of 5:00 p.m. New York City time, on May 16, 2016 (the “Record Date”).   Each whole Right entitles the holder to subscribe for one share of Series C   Liberty Braves Common Stock pursuant to its Basic Subscription Privilege and,   if its Basic Subscription Privilege is fully exercised, to subscribe for   additional shares of Series C Liberty Braves Common Stock pursuant to its Oversubscription   Privilege. If the aggregate Subscription Price delivered or transmitted by   the Rightsholder with this Rights Certificate exceeds the aggregate   Subscription Price for all shares for which the Rightsholder would be   entitled to subscribe pursuant to its Basic Subscription Privilege and no   direction is given as to the excess, such Rightsholder will be deemed to have   subscribed for a number of Excess Shares equal to the maximum whole number of   Excess Shares that could be purchased with such excess Subscription Price.   Shares of Series C Liberty Braves Common Stock purchased pursuant to the   Rights Offering will be issued by the Subscription Agent as soon as   practicable following the Expiration Time. No fractional Rights or cash in   lieu thereof were issued or paid and fractional Rights were rounded up to the   nearest whole Right. Set forth above and below is the number of Rights   evidenced by this Rights Certificate that the Rightsholder is entitled to   exercise pursuant to such Rightsholder’s Basic Subscription Privilege. This   Rights Certificate is transferable, and may be combined or divided (but only   into Rights Certificates evidencing full rights) at the office of the   Subscription Agent. Rightsholders should be aware that if they choose to   exercise, assign, transfer or sell only part of their Rights, they may not   receive a new Rights Certificate in sufficient time to exercise, assign,   transfer or sell the remaining Rights evidenced thereby. Holder ID 123456789   COY BBX Class Subscription Rights Rights Cert # 12345678 Rights Qty Issued   XXX.XXXXXX Signature of Owner and U.S. Person for Tax Certification Signature   of Co-Owner (if more than one registered holder listed) Date (mm/dd/yyyy) + 1   2 3 4 5 6 7 8 02DHWF C L S X R T 2 C O Y C 1 2 3 4 5 6 . 7 8 NNNNNNNNN SERIES   C LIBERTY BRAVES RIGHTS CERTIFICATE TO SUBSCRIBE FOR SHARES OF SERIES C   LIBERTY BRAVES COMMON STOCK FOR HOLDERS OF RECORD OF LIBERTY MEDIA   CORPORATION SERIES A, SERIES B OR SERIES C LIBERTY BRAVES COMMON STOCK AT   5:00 P.M., NEW YORK CITY TIME, ON MAY 16, 2016. EXERCISABLE ON OR BEFORE 5:00   P.M., NEW YORK CITY TIME, ON JUNE 16, 2016, UNLESS EXTENDED BY THE COMPANY.   LIBERTY MEDIA CORPORATION SERIES C LIBERTY BRAVES RIGHTS CERTIFICATE 


    




 










. For questions   and to request copies of materials, call the Information Agent – D.F. King   & Co., Inc., 866-342-2171 Please complete and return, as described below,   on or before the dates outlined below. SUBSCRIPTION AGENT: Computershare   Trust Company, N.A. By First Class Mail: By Registered, Certified or Express   Mail, or Overnight Courier: Computershare Trust Company, N.A. Attn: Corporate   Actions Voluntary Offer P.O. Box 43011, Providence, RI 02940-3011   Computershare Trust Company, N.A. Attn: Corporate Actions Voluntary Offer 250   Royall Street, Suite V Canton, MA 02021 To participate in the Rights Offering   available through your shares held through Computershare, you must follow the   instructions and complete the relevant section(s) below, sign and date the   front page of this document, and return this signed Rights Certificate, with   payment or any additional documents if applicable, to the Subscription Agent   listed above. Check all boxes below that apply. 1. Exercise Your Rights and   Subscribe for Shares of Series C Liberty Braves Common Stock To subscribe for   shares under the Basic Subscription Privilege, please complete Sections 1.A   and 1.C below. If you wish to subscribe for shares under the Oversubscription   Privilege as well, you must also complete Section 1.B below. You must return   this completed Form of Exercise, Sale or Transfer and payment to the   Subscription Agent by 5:00 p.m., New York City time, on June 16, 2016, which   is the Expiration Time (unless extended by the Company). Please see paragraph   1 of the instructions accompanying this Rights Certificate. A. Basic   Subscription Privilege: By checking this box, you will exercise your Rights   at the discounted price of $12.80 per share. Please complete the fields   below. x $12.80 (Subscription price) = $ (One Right = One BATRK share) (no.   of shares) (amount to pay) B. Oversubscription Privilege: By checking this   box, you will exercise your right to oversubscribe for additional shares   (only available when you fully subscribe for the Rights available to you in   Section 1.A above). Please complete the fields below. x $12.80 (Subscription   price) = $ (no. of shares) (amount to pay) C. TOTAL AMOUNT ENCLOSED: $ (payable to Computershare Trust Company, N.A.) (Total of Payments in 1.A and   1.B above) Please indicate any changes of address for deliveries and payments,   if applicable: If permanent change of address, check here: Daytime telephone   number: Evening telephone number: Email address: I hereby irrevocably   subscribe for the number of shares of Series C Liberty Braves Common Stock   indicated as the total of Sections 1.A and 1.B above upon the terms and   conditions specified in the Prospectus relating thereto and incorporated by   reference herein, receipt of which is acknowledged. I hereby agree that if I   fail to pay for the shares of Series C Liberty Braves Common Stock for which   I have subscribed, the Company may exercise any remedies available to it   under law. If the aggregate Subscription Price paid by a Rightsholder is   insufficient to purchase the number of shares of Series C Liberty Braves   Common Stock that the holder indicates are being subscribed for, or if a   Rightsholder does not specify the number of shares of Series C Liberty Braves   Common Stock to be purchased, or if the aggregate Subscription Price paid by   a Rightsholder exceeds the amount necessary to purchase the number of shares   of Series C Liberty Braves Common Stock for which the Rightsholder has   indicated an intention to subscribe, then the Rightsholder will be deemed to   have exercised first its Basic Subscription Privilege and second its   Oversubscription Privilege to purchase a number of shares of Series C Liberty   Braves Common Stock equal to the maximum whole number of shares that could be   purchased with the payment tendered. MAKE CHECKS PAYABLE TO: Computershare   Trust Company, N.A. DELIVERY OF THIS FORM OF EXERCISE, SALE OR TRANSFER TO AN   ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY.   Address City State Zip Example: 100 BATRK shares x $12.80 = $1,280.00 


    




 










NNNNNNNNNNNN .   Account: 12345678901234 Full payment for shares subscribed for both the Basic   Subscription Privilege (Section 1.A) and the Oversubscription Privilege   (Section 1.B) must accompany this Rights Certificate or a notice of   guaranteed delivery. Please reference your Rights Certificate Number (found   on the front of this Rights Certificate) on your check, bank draft, money   order or notice of guaranteed delivery. Funds must clear your account before   the Expiration Time or the guaranteed delivery period. Please note that   uncertified personal checks may take approximately five business days to   clear your account. FOR RIGHTSHOLDERS REMITTING PAYMENT BY UNCERTIFIED   PERSONAL CHECK, ANY FAILURE WHATSOEVER, REGARDLESS OF THE CAUSE OR NATURE OF   SUCH FAILURE, FOR THE SUBSCRIPTION AGENT TO RECEIVE YOUR PAYMENT OF THE   SUBSCRIPTION PRICE FREE AND CLEAR BY THE EXPIRATION TIME SHALL RESULT IN THE   CANCELLATION OF YOUR EXERCISES OF RIGHTS, AND YOUR RIGHTS WILL EXPIRE NULL   AND VOID WITHOUT PAYMENT OF ANY COMPENSATION THEREFOR. 2. By checking the box   for this section, you authorize the Subscription Agent to attempt to sell   your unexercised Rights according to the procedures described in the   Prospectus. If you choose to sell your Rights, you must return this completed   Rights Certificate to the Subscription Agent by 11:00 a.m., New York City   time, on June 9, 2016 (unless the Rights Offering is extended by the   Company). Please see Paragraph 2 of the Instructions accompanying this Rights   Certificate for timing considerations relating to the sale of rights. Please   indicate any changes of address for deliveries and payments, if applicable:   If permanent change of address, check here: Daytime telephone number: Evening   telephone number: Email address: 3. Transfer Your Rights: If you want some or   all of your unexercised Rights transferred to a designated transferee, or to   a bank or broker to sell for you, check the box for this section and complete   the requested information below. Please see Paragraph 3 of the Instructions   accompanying this Rights Certificate for timing considerations relating to   the transfer of Rights. For value received, of the Rights represented by this   Form of Exercise, Sale or Transfer are assigned to: Print Full Name of Bank   or Broker or Assignee and Assignee’s Social Security Number Print Full   Address of Bank or Broker or Assignee Signature(s) of Assignor(s) 4. _ New   Certificate for Unexercised Rights: If you want a new Rights Certificate   evidencing any unexercised Rights delivered to you or to someone else, please   complete the requested information below. Please see the Instructions   accompanying this Rights Certificate for timing considerations relating to   requesting a new Rights Certificate. Print Rightsholder’s Full Name and   Social Security Number Address for delivery of certificate representing   unexercised Rights (if any) The signature(s) on this Form of Exercise, Sale   or Transfer must correspond with the name(s) of the registered holder(s)   exactly as it appears on the face of the Rights Certificate without any   alteration or change whatsoever. In the case of joint registered holders,   each person must sign this Form of Exercise, Sale or Transfer in accordance   with the foregoing. If you sign this Form of Exercise, Sale or Transfer in   your capacity as a trustee, executor, administrator, guardian, attorney-in-fact,   agent, officer or a corporation or other fiduciary or representative, you   must indicate the capacity in which you are signing when you sign and, if   requested by the Subscription Agent in its sole and absolute discretion, you   must present to the Subscription Agent satisfactory evidence of your   authority to sign in that capacity. If you wish to transfer your Rights, then   your signature must be guaranteed by an Eligible Guarantor Institution, as   that term is defined in Rule 17Ad-15 of the Securities Exchange Act of 1934,   as amended, which may include: (a) a commercial bank or trust company; (b) a   member firm of a domestic stock exchange; or (c) a savings bank or credit   union. Signature (name of bank or firm) Guaranteed by (signature/title)   DELIVERY OF THIS FORM OF EXERCISE, SALE OR TRANSFER TO AN ADDRESS OTHER THAN   AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. NNNNNNNNN Address   City State Zip Sell Your Rights: