Liberty Media Corp., the Douglas County- based media conglomerate controlled by John Malone, said Tuesday that revenue and profits at its main two businesses — shopping network QVC and the Starz pay-TV channel — rose in the second quarter.
At Liberty Interactive group, the tracking stock to which QVC is attributed, revenue grew 9 percent to $2.2 billion and operating income grew 5 percent to $288 million.
Revenue at Liberty Interactive’s e-commerce units such as Evite and BackCountry grew 18 percent to $347 million.
Operating income rose 138 percent to $19 million.
At Liberty Starz group, whose tracking stock follows the performance of the Starz pay-TV channel, revenue grew 5 percent to $403 million and operating income grew 160 percent to $112 million.
At Liberty Capital, the tracking stock that follows the performance of various holdings, such as the company’s 18 percent stake in concert promoter Live Nation Entertainment Inc. and 40 percent stake in Sirius XM Radio Inc., revenue fell 33 percent to $135 million while it cut its operating loss to $14 million from $83 million a year ago.
