Liberty Media Swings to Loss in First Quarter
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From Bloomberg News
Liberty Media Corp. posted a first-quarter loss of $26 million, or 1 cent a share, contrasted with net income of $254 million, or 9 cents, a year earlier.
Englewood, Colo.-based Liberty’s QVC home-shopping network sales climbed 7% to $1.56 billion, yielding an operating profit of $212 million, up 6% from a year earlier.
The Starz Entertainment Group division had sales of $259 million, up from $254 million. Operating profit at the unit fell 8% to $33 billion.
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