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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.