Liberty Media Corp. reported net income of $41 million for the third quarter, up 86% from $22 million last year. The Englewood, CO firm attributed these results to acquisition of the remaining shares of the QVC Inc. shopping channel it did not already own. Revenue was $905 million, up from $525 million last year. The increase was mostly due to new revenue from QVC. Liberty has a 98% stake in the shopping
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Liberty Media Corp. reported net income of $41 million for the third quarter, up 86% from $22 million last year.
The Englewood, CO firm attributed these results to acquisition of the remaining shares of the QVC Inc. shopping channel it did not already own.
Revenue was $905 million, up from $525 million last year. The increase was mostly due to new revenue from QVC. Liberty has a 98% stake in the shopping channel after a July agreement to acquire shares from Comcast Corp.
