To discuss the recently announced acquisition of Unitymedia, and may provide other forward looking information

Liberty Global Inc. reported consolidated earnings results for the nine months ended September 30, 2009. For the quarter, the company increased its revenue by 7% to $2.82 billion compared to revenue of $2.6 billion for the same quarter a year ago. The company reported operating income $464 million compared to $408 million for the same quarter a year ago. The company recognized a net loss attributable to of $120 million or $0.45 per diluted share, a significant improvement from net loss of $309 million or $1.01 per diluted share for the three months ended September 30, 2008. This improvement was driven in large part by a 14% increase in operating income, as well as the net impact of lower FX transaction losses, lower interest expense, lower losses from changes in fair values of certain investments and debt and higher losses on derivative instruments. Capital expenditures declined by 11% or $67 million from $592 million for the three months ended September 30, 2008 to $525 million for the three months ended September 30, 2009. Loss from continuing operations was $59.4 million or $0.54 per basic and diluted share compared to loss from continuing operations of $282.2 million or $1.02 per basic and diluted share for the same quarter a year ago. Loss from continuing operations before income taxes was $28.5 million compared to $257.6 million for the same quarter a year ago. The company reported operating cash flow of $1.28 billion, representing 8% rebased growth. At September 30, 2009, the company reported net debt of $19.3 billion. For the nine months, the company's revenue increased 1% to $8.04 billion compared to revenue of $7.9 billion for the same period a year ago. The company reported operating income $1.17 billion compared to $1.12 billion for the same period a year ago. The company realized a net loss of $512 million or $1.89 per diluted share compared to a net loss of $36 million or $0.11 per diluted share for the respective prior year period. The higher net loss stemmed primarily from increases in losses on derivative instruments that were only partially offset by lower interest and income taxes. Capital expenditures fell from $1.7 billion for the nine months ended September 30, 2008, to $1.6 billion for the nine months ended September 30, 2009, reflecting a beneficial impact from FX. Loss from continuing operations was $307.6 million or $1.99 per basic and diluted share compared to income from continuing operations of $124.2 million or $0.15 per basic and diluted share for the same period a year ago. Loss from continuing operations before income taxes was $137.6 million compared to income from continuing operations before income taxes of $438.8 million for the same period a year ago. Net cash provided by operating activities was $2,280.4 million compared to $2,224.1 million for the same period a year ago.

Liberty Global Inc., Q3 2009 Earnings Call, Nov-05 2009