• Houston Chronicle, Friday, May 9, 2008 10:45 AM

Liberty Media Corp.'s reported first-quarter revenue rose in all three of its business units, which include QVC and Starz television channels and a stake in DirecTV. The company, controlled by cable magnate John Malone, did not provide net income, but reported a 24% boost in consolidated cash to $3.9 billion.

Liberty Interactive Group, including QVC Shopping Network, reported a 10% increase in revenue. As one analyst notes "QVC's results were essentially flat, but in today's economic times, flat's pretty good."

Liberty Capital, which includes the Atlanta Braves and interests in Time Warner Inc. and Sprint Nextel Corp., reported a 26% revenue increase. Liberty Entertainment Group, which includes Starz Entertainment and a 48% stake in DirecTV, reported an 11% revenue increase.

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