Liberty Media's quarterly revenue falls

Wed Feb 27, 2013 4:21pm EST

Feb 27 (Reuters) - Liberty Media Corp, the media holding company controlled by John Malone, said its quarterly revenue fell by more than half in the fourth quarter.

It said in a statement the decrease in revenue was related to a one-time recognition of deferred revenue at one of its businesses, called TruePosition, a year ago.

Its revenue fell 52 percent to $467 million, compared to $973 million a year ago.

The company said its operating income was $25 million, compared to $293 million a year ago.

Liberty owns stakes in a variety of businesses, including Sirius XM, Barnes and Noble Inc, Concert promoter Live Nation Entertainment Inc and the major league baseball team, the Atlanta Braves.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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