Entertainment holding company Liberty Media Corp. reported nearly a sixfold increase in net income Friday despite mixed results in its businesses.

Liberty, founded by cable-television pioneer John Malone, has divided its assets into two groups: Liberty Interactive Group, including QVC home shopping network and other e-commerce businesses, and Liberty Capital Group, consisting of Starz Entertainment LLC among other holdings.

Separately, Liberty Global Corp., the largest owner of cable-television systems outside the U.S., fell $3.02, or 7.6 percent, to $36.47 in Nasdaq trading after saying it won't reach its target of 10 percent to 12 percent revenue growth this year. It was the biggest drop since the stock began trading in 2005.

Douglas County-based Liberty Media Corp.'s third-quarter consolidated net income climbed, although a solid performance by the Starz and Encore premium cable-TV channels was offset by lower sales in the QVC home-shopping network, which Liberty blamed on the slower U.S. economy and weakness in Germany and Japan. "QVC U.S. had weak performance across many categories in a difficult market," Chief Executive Officer Greg Maffei told analysts.

Janco Partners analyst April Horace wasn't surprised by QVC's results because of the sluggish U.S. economy. She noted that Starz is starting to show "incremental signs of positive movement."

For the quarter ended Sept. 30, Liberty reported consolidated net income of $319 million, compared with $63 million in the third quarter of 2006.

Revenue climbed 11.6 percent to $2.25 billion, from $2.01 billion in the year-ago quarter.

At Liberty Capital, net income equaled $1.85 per share, up from a loss of 36 cents a share. At Liberty Interactive, income equaled 12 cents a share, down from 17 cents a share in the year-ago quarter.