Operating income before depreciation and amortization declined 14 percent to $312 million. In a conference call, QVC ceo Mike George attributed the declines to the credit crunch, which has reduced the rate of customer purchases and led to more missed payments on QVC-issued credit cards. Liberty Interactive Group’s tracking stock fell 23 percent (to $4.90) on the news. Bloomberg.com Oct. 30, 2008
QVC Sales Fall 2.7% in Third Quarter
DRTV Retailer, Investors
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