Paula Deen and QVC have decided to take some time off in their relationship. While QVC stopped short of becoming the latest Deen business partner to abandon the beleaguered celebrity chef after news broke last week that she had used the N-word, QVC president and CEO Mike George revealed that his company and Deen have decided to "take a pause" from each other in light of the recent developments. In a letter to QVC customers posted on the QVC.com Community...
- 6/27/2013
- by Tim Kenneally
- The Wrap
The odd collection of stocks controlled by John Malone's Liberty Media are enjoying a nice pop today after the company reported generally upbeat 2Q data. Shares of Liberty Starz are up 5.2% at mid-day. The company says that Starz ended the quarter with 19M subscribers -- its highest ever and up 200,000 from March. But Encore was down by 200,000 to 32.9M. The company doesn't mind: It reported $403M in revenue, up 5% vs the same period last year and beating the $396.1 that analysts expected. The company says it gained $8M from higher prices for its channels, $6M from the subscriber growth, and $3M from sales of home video and licensing rights to its original productions. Meanwhile, shares of Liberty Interactive -- which includes QVC -- are up 7.8% at mid-day after the company reported a 9% revenue increase to $2.2B, on target with expectations. QVC was up 8% to $1.9B. Sales of accessories, apparel, and home goods in the U.
- 8/9/2011
- by DAVID LIEBERMAN, Executive Editor
- Deadline TV
New York - John Malone's Liberty Media reported a second-quarter profit gain for home shopping channel QVC on Monday and mixed results at its Starz businesses.
Starz's search for funding for original productions for its premium channels may still take several months to complete, management also said Monday.
Liberty Media doesn't report consolidated results for all its operations combined.
Liberty Starz recorded a second-quarter revenue gain of 4% to $311 million, and operating profit before depreciation and amortization declined 1% to $103 million. Impairments amounting to about $5 million on two cancelled original series, "Party Down" and Gravity," were a drag on the figure. But excluding the charges, operating profit rose in the double digits.
Compared to the year-ago period, the Starz channel business posted a 3% decrease in average subscription units, and Encore posted a 1% decline. However, management said that Starz added 200,000 subscribers in the second quarter over the first and Encore added 800,000.
Meanwhile, QVC's quarterly revenue rose 5% to $1.8 billion,...
Starz's search for funding for original productions for its premium channels may still take several months to complete, management also said Monday.
Liberty Media doesn't report consolidated results for all its operations combined.
Liberty Starz recorded a second-quarter revenue gain of 4% to $311 million, and operating profit before depreciation and amortization declined 1% to $103 million. Impairments amounting to about $5 million on two cancelled original series, "Party Down" and Gravity," were a drag on the figure. But excluding the charges, operating profit rose in the double digits.
Compared to the year-ago period, the Starz channel business posted a 3% decrease in average subscription units, and Encore posted a 1% decline. However, management said that Starz added 200,000 subscribers in the second quarter over the first and Encore added 800,000.
Meanwhile, QVC's quarterly revenue rose 5% to $1.8 billion,...
- 8/9/2010
- by By Georg Szalai
- The Hollywood Reporter - Movie News
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