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  "docSlug": "c019a1fd8bbef82306c4485c5d0111bf",
  "documentTitle": "Liberty Media | Investor Presentation Deck | 29 slides",
  "authorId": "liberty-media",
  "authorName": "Liberty Media Corporation",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2016-11-01 00:00:00",
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  "pageNumber": 24,
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  "density": "dense",
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  "notes": "Includes annotations for key events: the acquisition announcement and a subsequent analyst upgrade.",
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  "slideHref": "/slides/019de06f-7878-741a-a92a-eb0b3313233d/24",
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      "kind": "callout",
      "text": "Sep 7, 2016: Liberty Media announces the acquisition of Formula 1 for $8.0b Enterprise Value, $4.4b Equity Value",
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      "kind": "callout",
      "text": "Sep 12, 2016: Citi Equity Research piece released: Upgrade Liberty Media Group to Buy with $32 / share price target, representing 37% premium",
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      "kind": "chart",
      "text": "Indexed performance of LMCK vs S&P 500 from Sep 6 to Nov 14",
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      "kind": "source-note",
      "text": "Source: Citigroup research report as of September 12th 2016, titled \"LMCA: We Like the F1 Transaction... Upgrade to Buy\"",
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      "kind": "title",
      "text": "LMCK Trading Performance",
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      "kind": "title",
      "text": "Trading Performance Since Announcement",
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      "evidence": "Sep 12, 2016: Citi Equity Research piece released: Upgrade Liberty Media Group to Buy with $32 / share price target, representing 37% premium",
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      "evidence": "The presentation provides a clear before-and-after comparison of LMCK trading performance",
      "position": 0,
      "objective": "To show the impact of the acquisition on LMCK trading performance",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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