Liberty Media showed a good fourth quarter as they had cash flow gains at two of its major divisions.
For Liberty Interactive Group, which is parent of QVC, the revenue grew by 11 percent and in its operating cash flow 21 percent. It was led by QVC which increased revenue by 7 percent in the fourth quarter to $2.24 billion and its operating cash flow by 19 percent to $557 million.
With the Liberty Capital Group, parent of Starz, they increased revenue by 4 percent to $257 million and its operating cash flow by 72 percent to $50 million.
Liberty Media added that it projects that interactive revenue and operating cash flow should increase from the high single digits to low double-digit percentages for the next three to five years.
The major growth for the fourth quarter came from Starz increased subscription growth and the QVC shopping channel from its growing retail sales.
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