Liberty Media Corp. (LMCA, LMCB) Thursday reported net earnings of $22 million compared with $8.05 million in the prior-year quarter. The company's first quarter revenues rose to $1.01 billion from $789 million in the year-ago period. Operating income for the quarter increased to $155 million from $151 million last year. The increase in revenue and operating income was primarily due to the inclusion of a full quarter of SiriusXM segment's results combined with strong operating results at SiriusXM. Further, the company said it has approved the issuance of shares of its Series C common stock to holders of its Series A and Series B common stock, to be effected by means of a dividend. Holders of Series A and Series B common stock as of 5:00 pm. E.D.T. time on July 7, 2014, will receive a dividend of two shares of Series C common stock for each share of Series A or Series B common stock on July 10, 2014.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.