Cable Notes

Nov 17, 2003  •  Post A Comment

John Malone’s Liberty Media said last week that its third-quarter profit nearly doubled to $41 million, or 2 cents a share, from a year-earlier profit of $22 million, or 1 cent a share, while revenue surged 72 percent to $905 million.
The improvement in part related to the Englewood, Colo.-based media company’s recent purchase from Comcast of the 56.5 percent stake in shopping network QVC that it didn’t own.
QVC’s contribution helped to offset revenue declines at several Liberty units, including Starz Encore Group, which reported an 11 percent decline in third-quarter revenue to $217 million.