Liberty Media reported strong 4Q earnings for its interactive group (Nasdaq: LINTA) and its capital group (Nasdaq: LCAPA).
For the interactive group, which includes QVC, revenue increased 11 percent for the quarter and 13 percent for the year and operating cash flow increased 21 percent for the quarter and 19 percent for the year.
Within that group, QVC.com sales as a percentage of domestic sales grew from 19 percent in 4Q05 to 22 percent to 4Q06 and from 18 percent in 2005 to 20 percent in 2006.
For 2007, Liberty expects its interactive revenue and operating cash flow to rise in the high single- to low double- digit percentage range on a compounded annual growth rate in the next three to five years.
As for the capital group, which includes cable TV properties such as Starz and a 16.3 percent stake in News Corp.’s DirecTV group. For the quarter, Starz revenue rose 4 percent to $257 million and operating cash flow rose 72 percent to $50 million.
The company plans to buy back up to $1 billion of its Liberty Capital Series A shares and Series B common stock at a range of $105 to $113 per share. Earnings release | Webcast
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