Liberty Media Revenue Rises From Last Year

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Liberty Media Group

(LMG.A)

posted third-quarter revenue that rose to $436 million from $214 million in the same period a year ago.

The company, a tracking stock of AT&T, said net earnings rose to $1.76 billion for the quarter from a loss of $217 million in the year-ago period. Including foreign exchange adjustments and unrealized losses and gains from Liberty's holdings, the company reported a comprehensive loss of $180 million, compared with comprehensive earnings of $222 million last year.

Also Wednesday afternoon, AT&T

disclosed plans to spin off Liberty Media as a separate publicly traded company.