Liberty Media posted a 4 percent revenue increase for its interactive group (Nasdaq: LINTA) as the company plans to split its capital group (Nasdaq: LCAPA) two tracking stocks. The move is related to Liberty’s exchange transaction with News Corp. over Liberty’s pending assumption of 38.5 percent stake in DirecTV. The new unit, Liberty Entertainment Group, will absorb that part of DirecTV and will also run other Liberty properties such as Starz, FUN Technologies, GSN and WildBlue Communications, which are currently within the Capital Group. Liberty expects that the new group would also take on $550 million of Liberty Media’s debt.

—Liberty Interactive Group: The increase in revenue was largely related to QVC’s activity, which is identified as the LIG’s principal operating segment. QVC’s revenue gained 4 percent as it ended Q2 with $1.69 billion. QVC’s operating cash flow was up a slight 1 percent to $383 million.

—Liberty Capital Group: The main focus of this unit is centered on Starz Entertainment, which reported Q2 revenue decreased 4 percent to $254 million. Operating cash flow for Starz was up 10 percent to $55 million. Starz’ average subscription units increased 7 percent during the quarter while the Encore subsidiary saw average subscription units grow 6 percent driving a $14 million revenue increase. Earnings release | Webcast (11:00 a.m. EDT)