Liberty Narrows 2Q Loss

Publish date:

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

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.