QVC, Starz Drops Liberty Media Profit

Feb 25, 2009  •  Post A Comment

Liberty Media’s fourth-quarter earnings were hurt by falling profit from its QVC home shopping network and a $1.24 billion writedown for its Starz premium cable channel, the Wall Street Journal reports. QVC’s operating profit fell 22% after it cut inventory and had to limit its extension of credit to prospective product buyers, the Journal says.
—Danny King


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