QVC boosts Liberty 3rd quarter results.(Liberty Media Corp. reports strong third-quarter operating results)
Multichannel News, November, 2003 by Farrell, Mike
Liberty Media Corp. reported strong third-quarter operating results, fueled by its recently acquired QVC Inc. home-shopping channel but tempered in part by declines at its Starz Encore Group LLC premium unit. Liberty reported revenue of $905 million, up 79% from the same period last year.
That revenue growth was mainly due to the inclusion of QVC, which Liberty began consolidating on Sept 1. Without QVC's $400 million in revenue in that month, revenue would have declined almost 4%, to $505 million. QVC had another stellar quarter, reporting a 14% increase in revenue to $1.15 billion and an increase in operating cash flow to $234 million. Liberty completed its purchase of the 56.5% of QVC it didn't already own from Comcast Corp. in September, for $7.9...
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