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 *
Liberty Interactive Corp
   2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [LCAPA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
12300 LIBERTY BLVD.		 3. Date of Earliest Transaction (Month/Day/Year)
09/23/2011
(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
Common Stock 09/23/2011   J(1)(2)   10,000 D (1) (2) 0 D  

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Liberty Interactive Corp
12300 LIBERTY BLVD.
ENGLEWOOD, CO 80112		     X    

Signatures

 By: /s/ Charles Y. Tanabe, Executive Vice President   09/27/2011
**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) The transaction reported on this Form relates to the split-off of the Issuer from the Reporting Person effective September 23, 2011. To effect the split-off, the issued and outstanding common stock of the Issuer, consisting of 10,000 shares of Common Stock, was recapitalized into 72,429,959 shares of the Issuer's Series A Liberty Capital common stock ("LCAPA"), 7,342,191 shares of the Issuer's Series B Liberty Capital common stock ("LCAPB"), 49,234,478 shares of the Issuer's Series A Liberty Starz common stock ("LSTZA") and 2,938,005 shares of the Issuer's Series B Liberty Starz common stock ("LSTZB"). In the split-off, the Reporting Person redeemed (i) the outstanding shares of its Series A Liberty Capital common stock, on a share-for-share basis, for all of the LCAPA shares, (ii) the outstanding shares of its Series B Liberty Capital common stock, on a share-for-share basis, for all of the LCAPB shares,
(2) [continued from footnote (1)] (iii) the outstanding shares of its Series A Liberty Starz common stock, on a share-for-share basis, for all of the LSTZA shares, and (iv) the outstanding shares of its Series B Liberty Starz common stock, on a share-for-share basis, for all of the LSTZB shares. The Reporting Person did not receive any shares of LCAPA, LCAPB, LSTZA or LSTZB in the split-off.

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