Liberty Raises Starz, Discovery Targets

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According to Reuters, Liberty Media Corp. Thursday boosted its revenue and cash-flow targets for its Starz Encore Group LLC and Discovery Communications Inc.
pay TV networks, helped by improving advertising and subscriber growth.

Starz Encore said it expects its 2002 revenue to grow by as much as 11
percent and cash flow to rise 17 percent.

DCI reportedly expects its U.S. networks to show 10
percent revenue growth and 15 percent cash-flow growth, helped by improved
advertising revenue. Its earlier projection was low- to mid-single-digit revenue
growth and mid- to high-single-digit cash-flow growth.

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