February 28, 1992 |
Raising the possibility that two large shop-at-home TV networks may be one too many in today's troubled retail climate, Home Shopping Network said Thursday that it is holding "exploratory" talks regarding a possible business combination with archrival QVC Network. Although neither company would elaborate on the announcement, analysts said rumors of a merger have been flying in recent days. The two networks dominate the $2-billion-a-year televised shop-at-home market.
August 26, 1994 |
FCC Request Puts QVC Takeover on Hold: Comcast Corp. and Liberty Media Corp., which made a tender offer Aug. 11 for shares of home shopping network QVC Inc., said the Federal Trade Commission has asked for further information on the proposed takeover. Under the Hart-Scott-Rodino Antitrust Act, the FCC's request will extend the waiting period for 10 days after the information is provided.