DENVER (AP) -- Liberty Media Corp.'s 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 said Thursday.The company, controlled by cable magnate John Malone, also reported a 24 percent increase in consolidated cash to $3.9 billion but did not provide net income or per-share figures for the three months ended March 31. Each of its three units has a separate tracking stock.
"We're pleased with some of the operational and structural progression we've made," Chief Executive Officer Greg Maffei told analysts during a conference call.
Liberty Media performed well in the first quarter, said Janco Partners analyst April Horace. "QVC's results were essentially flat year over year but in today's economic times, flat's pretty good," she said.
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