ENGLEWOOD, Colo.—Liberty Media Corp. says first-quarter revenue rose at two of its business units but declined for the unit that includes QVC, HSN and Ticketmaster.
Liberty Interactive, which includes shopping networks and online assets, saw revenue slide 6 percent to $1.8 billion. Officials blamed the loss partly on a 10 percent drop at QVC.
Revenue rose 37 percent to $125 million for Liberty Capital Group, which owns the Atlanta Braves and has stakes in Sprint Nextel Corp. and Time Warner Inc.
Liberty Entertainment Group, which owns Starz Entertainment and controls DirecTV, saw revenue grow 19 percent to $369 million.
DirecTV said Monday it would combine with Liberty Entertainment and be spun off into a separately traded company.
Liberty is based in Englewood.
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