John Malone's Liberty Media ( L), which has a wide range of investments in major media outfits, posted a fourth-quarter loss despite a double-digit revenue gain. The Englewood, Colo., company, home to QVC and Starz, lost $86 million, or 3 cents per share, compared to a year-ago loss of $2 million, or less than a penny a share. Revenue rose 13% to $2.45 billion. Thomson Financial said analysts were looking for Liberty to earn 4 cents per share on $2.3 billion in revenue. Liberty has stakes in a broad range of media and entertainment businesses, including IAC/InterActiveCorp ( IACI) and News Corp. ( NWS). At its two principally owned businesses, revenue from QVC's domestic businesses increased 14% to $1.5 billion. Starz revenue was relatively flat quarter to quarter at $247 million, but subscriptions rose 7% for the full year. Last November, Liberty announced its intention to create tracking stocks to separate its video and Internet-based businesses from other holdings. It intends to provide financial guidance prior to May, before the tracking stocks are issued. Also during the quarter, the company appointed Greg Maffei as Dob Bennett's successor as president and CEO. On Wednesday morning Liberty was up 3 cents at $8.27.