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Article: 43% GROWTH PLEASES LIBERTY MEDIA GROUP INVESTMENT FIRM TELLS ANALYSTS GOOD NEWS ABOUT SECOND QUARTER.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- August 21, 1999
- Author:
CopyrightCOPYRIGHT 1999 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Rebecca Cantwell News Staff Writer
Liberty Media Group reported cash flow growth of 43 percent in the second quarter, adding that it has more than $4 billion in cash on hand.
Chief Executive Dob Bennett told analysts in a conference call Friday that Liberty leaders are pleased with the performance of their investments, which center on cable programmers.
``The numbers are quite strong,'' he said. ``Our businesses are operating on all cylinders and doing very well. Nearly all of them are meeting or exceeding our expectations.''
Analysts generally agreed.
Denver's Janco Partners called Liberty's results ``very strong, ...