Greg Maffei, chief executive officer of Liberty Media Corporation, arrives for the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho.
Liberty Media posted earnings of $293 million, up from a year-earlier profit of $162 million, on overall revenues at $2.013 billion, virtually unchanged from a year-earlier $2.012 billion. But the company got off to a bad start for the year after losing Formula One racing events due to the coronavirus pandemic.
Much of the analyst call for Liberty Media focused on the financial impact from the unfolding COVID-19 outbreak on the Formula One auto racing series, a marquee event for TV sport channels worldwide.
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