News

Liberty Narrows 2Q Loss

8/14/2003 5:23 AM Eastern

Liberty Media Corp. reported a second-quarter net loss of $464 million
compared with the $3.1 billion loss it reported in the same quarter last
year.

However, the second-quarter-2002 loss included $5.13 billion in write-offs
due to the decreased value of Liberty’s investments.

Revenue fell to $500 million from $510 million a year ago.

The company reported an operating loss of $46 million for the quarter versus
$13 million in the year-earlier period.

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