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Starz, QVC Help to Boost Liberty

Strong 4Q for Premium-Networks Group, Shopping Channel

By Multi Channel News Staff -- Multichannel News, 2/28/2007 11:43:00 AM

Liberty Media posted strong fourth-quarter results at its Starz Entertainment and QVC units, AP reported.

At premium-networks group Starz, revenue rose to $257 million from $247 million and the unit tallied an operating profit of $46 million following a loss of $2 million in the same quarter of last year, according to AP.

And at shopping channel QVC, operating income rose 20% to $419 million from $349 million and revenue was up 7% to $2.24 billion from $2.08 billion in the prior-year period, according to AP.

The company reported separate results for Liberty Interactive Group, which operates QVC, and Liberty Capital Group, which owns Starz and recently agreed to buy direct-broadcast satellite provider DirecTV.

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