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What's behind Liberty Media's spinoff of the Braves?

Dec. 16—After last month's announcement that the Atlanta Braves will soon become their own publicly traded company, team officials were quick to say little will change, baseball-wise.

"From our perspective, from a Braves' team perspective, it's business as usual," President and CEO Derek Schiller told investors at a Nov. 17 meeting.

Braves Chairman Terry McGuirk echoed that sentiment in a letter to workers for the Braves and the Battery Atlanta.

"For the most part, nothing will change in how the Atlanta Braves and The Battery Atlanta will operate every day," McGuirk wrote.