ENGLEWOOD, Colo.—Entertainment conglomerate Liberty Media Corp. says fourth-quarter revenue rose at two of its business units, but slid at the unit that includes Expedia, HSN and QVC.
Liberty Interactive, which includes QVC and other online assets, saw revenue fall to $2.38 billion. QVC President and Chief Executive Mike George says the recession hurt U.S. results at the television shopping network.
Revenue jumped 26 percent to $360 million for Liberty Entertainment Group, which includes Liberty’s stake in DirecTV, as well as Starz Entertainment.
Liberty Capital Group saw revenue rise 44 percent to $131 million. It includes the Atlanta Braves, and Liberty’s interests in Sprint Nextel Corp. and Time Warner Inc., among other companies.
Liberty is based in Englewood.
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