John Malone's Liberty Media (Nasdaq: LCAPA) has made the most of online selling and entertainment, posting a 6 percent fourth quarter revenue increase to $2.9 billion.
Traditional sales channel QVC "had a solid finish to the year" and premium cable network Starz (once rumored to be a possible Netflix takeover target) results "exceeded revenue and met adjusted OIBDA guidance," Liberty President-CEO Greg Maffei said in a news release.
Liberty, though, profited from more than traditional television. Its eCommerce business revenue grew 27 percent to $365 million for the fourth quarter and 18 percent to $1.1 billion for the year, the company said.
- see this news release
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