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Liberty Global plc Message Board

  • h22jdh2001 h22jdh2001 Mar 1, 2006 5:56 PM Flag

    Liberty looking to grow QVC in Europe

    Liberty looking to grow QVC
    STORY TOOLS
    Email this story | Print By Rocky Mountain News
    March 1, 2006
    John Malone�s Liberty Global Inc., the largest owner of cable-television systems outside the U.S., plans to expand its QVC home-shopping unit in Europe and Asia.
    "There are international expansion opportunities and management is actively pursuing those," Senior Vice President Mark Carleton said at a Bear Stearns conference in Palm Beach, Florida, today. He didn�t specify the countries.

    Liberty also aims to expand Internet sales and may make acquisitions to boost revenue at QVC. Greg Maffei, who took over
    as chief executive officer today after joining the company in November, will help with Chairman John Malone�s plan to make acquisitions and create a new tracking stock for some businesses.

    The home-shopping network had $4.42 billion in sales in the first nine months of 2005. The QVC Web site had sales of about $1 billion last year, Carleton said

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    • that article was srong.. LBTYA has nothing to do with QVC...which is owned by L....DJ Liberty Sees QVC Growth Opportunities In Intl Mkts, Online

      --------------------------------------------------------------------------------

      Dow Jones Real-Time News for InvestorsSM
      12:52 p.m. 03/01/2006



      By Dwight Oestricher
      Of DOW JONES NEWSWIRES

      NEW YORK (Dow Jones)--Liberty Media Corp. (L) is looking to expand the international reach of its QVC shopping channel and increase QVC's presence online, said Senior Vice President Mark Carleton.

      He noted that QVC is approaching $7 billion in revenue on double-digit percentage annual top-line growth, and nearing $1 billion in earnings before interest, taxes, depreciation and amortization.

      The QVC Web site "sells about $1 billion in goods over the Internet" and that could improve with increased focus on the electronic commerce side, Carleton said during a presentation at the Bear Stearns 19th annual media conference in Palm Beach, Fla., which was broadcast over the Internet.

      As for international markets, Carleton said "there are a number of international expansion opportunities for QVC and management in actively pursuing those," adding that management was looking in European and Asian countries.

      "We see both domestic and international as the real growth opportunities" of QVC, he said.

      Shares of Liberty were recently up 2 cents, or 0.2%, at $8.26 a share.

      -By Dwight Oestricher, Dow Jones Newswires; 201-938-5266; dwight.oestricher@dowjones.com




      Dow Jones Newswires

      03-01-06 1252ET

      Copyright (c) 2006 Dow Jones & Company, Inc.

      • 1 Reply to sam_0534
      • Understand the ownership. But this is an expansion in international markets using LBTYA distribution.

        As for international markets, Carleton said "there are a number of
        international expansion opportunities for QVC and management in
        actively pursuing those," adding that management was looking in
        European and Asian countries.

 
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