Liberty, which owns nearly 60% of SiriusXM, recorded a charge of $108 million in connection with a $210 million settlement reached in June with five music labels over royalty payments for music recorded before 1972. That took a bite out of Liberty's operating income, dropping to $171 million from $231 million in the year-ago quarter. Net income was $50 million, down from $61 million in the year-ago quarter. Liberty Media's total revenue grew 8% to $1.12 billion.