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Silver King Communications

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BUSINESS
November 28, 1995 | JAMES BATES and SALLIE HOFMEISTER, TIMES STAFF WRITERS
Barry Diller's fledging Silver King Communications television company agreed Monday to buy ailing movie and TV company Savoy Pictures Entertainment for $210 million in stock, marking the end of a once-ambitious company that failed to compete with Hollywood's major studios.
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BUSINESS
December 2, 1995 | JAMES BATES, TIMES STAFF WRITER
An estimated 70 employees in Savoy Pictures' film division were abruptly fired Friday as the company slashed the unit to a skeleton crew in the wake of its proposed acquisition by Barry Diller's Silver King Communications. Although Savoy has been phasing out of the film business, employees said they were caught off guard by the firings, saying they expected to at least have jobs through the holidays.
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BUSINESS
August 25, 1995
Barry Diller, architect of the Fox television network and former chairman of QVC, is seeking control of Silver King Communications in order to launch a new television network, according to a New York Times report published today. Silver King, the sixth-largest station group in the United States, is the owner of 12 UHF stations serving eight of the largest television markets, including Los Angeles and New York.
BUSINESS
November 28, 1995 | JAMES BATES and SALLIE HOFMEISTER, TIMES STAFF WRITERS
Barry Diller's fledging Silver King Communications television company agreed Monday to buy ailing movie and TV company Savoy Pictures Entertainment for $210 million in stock, marking the end of a once-ambitious company that failed to compete with Hollywood's major studios.
BUSINESS
December 2, 1995 | JAMES BATES, TIMES STAFF WRITER
An estimated 70 employees in Savoy Pictures' film division were abruptly fired Friday as the company slashed the unit to a skeleton crew in the wake of its proposed acquisition by Barry Diller's Silver King Communications. Although Savoy has been phasing out of the film business, employees said they were caught off guard by the firings, saying they expected to at least have jobs through the holidays.
BUSINESS
August 26, 1995 | DAVID NEIMAN
Barry Diller has agreed to buy a 20% equity stake in Silver King Communications for $22.63 a share, a move analysts agree could be a prelude to the establishment of a seventh television network. A brief look at Silver King, spun off from the Home Shopping Network in January, 1993: Silver King at a Glance * Headquarters: St. Petersburg, Fla.
BUSINESS
August 26, 1995 | JAMES BATES, TIMES STAFF WRITER
One little-noticed reason that Barry Diller's attempt to build a network from a group of UHF television stations most people can't even find with their channel changers is taken so seriously has nothing to do with what he's done in the past. Rather, it's what he didn't do. Diller is one of the few executives in the entertainment business who can raise billions of dollars with just his name and vision as collateral.
NEWS
August 26, 1995 | SALLIE HOFMEISTER, TIMES STAFF WRITER
If anyone else had made a modest investment in an obscure and weak collection of television stations that run home shopping programs, the transaction would have gone largely unnoticed, and possibly drawn some sneers. But Barry Diller is not your everyday investor, and on Friday Wall Street and Hollywood were trying to unravel the mystery of what the secretive media mogul has in mind by gaining control of Silver King Communications Inc.
BUSINESS
March 12, 1996 | Times Staff and Wire Reports
Federal regulators have given media mogul Barry Diller conditional approval to take control of television company Silver King Communications. . . . Morgan Stanley Group has hired veteran investment banker Robert Scully from rival Lehman Bros. Holdings.
BUSINESS
March 28, 1994 | From Times Staff and Wire Reports
Turner Reported Mulling Bid for Shopping Network: Turner Broadcasting System Chairman Ted Turner is considering buying Home Shopping Network, according to a report in the weekly newspaper Variety. Turner is mulling the deal in part to acquire the 11 UHF television stations that the home shopping giant owns through its Silver King Communications unit, the report said.
BUSINESS
August 26, 1995 | DAVID NEIMAN
Barry Diller has agreed to buy a 20% equity stake in Silver King Communications for $22.63 a share, a move analysts agree could be a prelude to the establishment of a seventh television network. A brief look at Silver King, spun off from the Home Shopping Network in January, 1993: Silver King at a Glance * Headquarters: St. Petersburg, Fla.
NEWS
August 26, 1995 | SALLIE HOFMEISTER, TIMES STAFF WRITER
If anyone else had made a modest investment in an obscure and weak collection of television stations that run home shopping programs, the transaction would have gone largely unnoticed, and possibly drawn some sneers. But Barry Diller is not your everyday investor, and on Friday Wall Street and Hollywood were trying to unravel the mystery of what the secretive media mogul has in mind by gaining control of Silver King Communications Inc.
BUSINESS
August 26, 1995 | JAMES BATES, TIMES STAFF WRITER
One little-noticed reason that Barry Diller's attempt to build a network from a group of UHF television stations most people can't even find with their channel changers is taken so seriously has nothing to do with what he's done in the past. Rather, it's what he didn't do. Diller is one of the few executives in the entertainment business who can raise billions of dollars with just his name and vision as collateral.
BUSINESS
August 25, 1995
Barry Diller, architect of the Fox television network and former chairman of QVC, is seeking control of Silver King Communications in order to launch a new television network, according to a New York Times report published today. Silver King, the sixth-largest station group in the United States, is the owner of 12 UHF stations serving eight of the largest television markets, including Los Angeles and New York.
BUSINESS
February 11, 1997 | Bloomberg News
David Geffen, the music executive who helped form DreamWorks SKG, acquired about 4% of the Class B common stock of HSN Inc. Geffen bought the shares, which have extra voting power, last week from an investment group that includes Roy Speer, the founder of Home Shopping Network Inc., according to records filed with the Securities and Exchange Commission. Geffen didn't disclose the price that he paid. HSN, based in St. Petersburg, Fla., was formed in December, when Silver King Communications Inc.
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