ENGELWOOD, COLO. — Media company Liberty Media Corp. said Monday second-quarter revenue rose in all three of its business units, including QVC and Starz television.
Revenue from Liberty Interactive Group, which includes QVC Shopping Network and a variety of online assets, rose 9 percent.
QVC revenue rose 4 percent to $1.76 billion.
“The challenging economic environment continues, however we are pleased with our disciplined approach to margin, expense and capital management,” stated Mike George, QVC president and chief executive.
Revenue from Liberty Entertainment group, which includes Starz Entertainment LLC, rose 32 percent, helped by Starz and the addition of Liberty Sports Group which was acquired in February.
Starz Entertainment revenue rose 8 percent to $275 million, helped by higher effective rates for services.
Revenue from Liberty Capital Group, which includes the Atlanta Braves and interests in Time Warner Inc. and Sprint Nextel Corp., rose 33 percent to $174 million. Results were boosted by the acquisition of the Braves in May 2007.
The company, controlled by cable magnate John Malone, said consolidated cash edged up less than 1 percent to $3.89 billion but did not provide profit or per-share figures for the three months ended June 30. Each of its three units has a separate tracking stock.
