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July 12, 1994|From Times Staff and Wire Reports

CBS Vote Expected on QVC: The CBS Inc. board was expected to endorse Chairman Laurence A. Tisch's plan to merge the broadcasting company with QVC Inc., the cable shopping concern headed by Barry Diller, by the end of the week. Speculation persisted on Wall Street that a third party could emerge as a spoiler of the proposed transaction, but many industry analysts consider that unlikely. "Chances are getting slimmer as the days go by," said Ed Atorino, media analyst at Dillon Read & Co. Walt Disney Co. is often mentioned as being interested in buying some, if not all, of CBS. The filmmaker and theme park operator is a major supplier of TV programs, and involvement with a network would assure it of distribution. However, Disney watchers say the company is unlikely to intervene.

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