Liberty's Starz Up
By Jonathan Hemingway -- Broadcasting & Cable, 11/11/2007 7:00:00 PM
Liberty Media, a holding company for Liberty Interactive and Liberty Capital, felt soft retail trends in its QVC unit during the third quarter, while operating income at its Starz Entertainment business jumped 98%.
Revenue at Liberty Interactive's flagship retailer, QVC, grew 2% to $1.69 billion on a 2% increase in domestic sales, led by apparel sales, while gold jewelry and housewares products lagged.
Liberty Capital's Starz Entertainment revenue rose 11% in the quarter to $282 million on higher effective rates for the premium-channel services and a growth in subscription units.
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