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Silver King Communications Inc

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BUSINESS
August 27, 1996 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In a move that could advance his drive to build a new television network, media mogul Barry Diller said Monday that his Silver King Communications Inc. would buy Home Shopping Network Inc. in a stock swap worth $1.26 billion. Analysts say the growing cash flow from the electronic retailer could help resource-poor Silver King expand its broadcast station group and develop programming for the envisioned network.
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BUSINESS
August 27, 1996 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In a move that could advance his drive to build a new television network, media mogul Barry Diller said Monday that his Silver King Communications Inc. would buy Home Shopping Network Inc. in a stock swap worth $1.26 billion. Analysts say the growing cash flow from the electronic retailer could help resource-poor Silver King expand its broadcast station group and develop programming for the envisioned network.
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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.
BUSINESS
February 16, 1996 | Times Staff and Wire Reports
HSN to Fire 100 Workers, Reshuffle Management: The television retailer said it will take steps to raise badly needed cash, as it was reporting a fourth-quarter loss far larger than had been expected. These steps, which include layoffs and management changes, are the most sweeping since Barry Diller took over as chairman of the St. Petersburg, Fla.-based Home Shopping Network in November with a mission to reinvent the network, whose parent company is Silver King Communications Inc.
BUSINESS
November 25, 1995 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Reports that media mogul Barry Diller will take control of Home Shopping Network Inc. drove the stock of the St. Petersburg, Fla.-based cable company up nearly 12% on Friday, making it the most actively traded issue on the New York Stock Exchange. Shares of the unprofitable shopping channel climbed $1, to close at $9.50. Diller is expected to become chairman of the company late next week as part of a stock swap with Liberty Media Corp., the company's largest shareholder.
BUSINESS
January 21, 1998 | From Bloomberg News
Barry Diller received another big stock-option package from the media company he runs, as HSN Inc. granted him the right to acquire 4.75 million common shares through 2007. The package will generate about $292 million in profit for Diller if HSN shares appreciate 10% annually during the 10-year period, according to a proxy statement recently filed with the Securities and Exchange Commission. These figures assume Diller holds all of the options until 2007.
BUSINESS
July 2, 1996
This is a preliminary list of corporate executives planning to attend this year's highly coveted Sun Valley Conference, where media moguls and other corporate bigwigs rub shoulders, ride the rapids and often wind up making the biggest of the big entertainment deals. Allegheny & Western Energy Corp., John G. McMillian, chairman Amelior Foundation, Raymond G. Chambers, chairman America Online Inc., Steve Case, chairman and CEO Archer-Daniels-Midland Co., Dwayne O.
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.
NEWS
August 26, 1995 | SALLIE HOFMEISTER, TIMES STAFF WRITER
If anyone else had made a small $6-million 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 obtaining control of Silver King Communications Inc.
ENTERTAINMENT
January 5, 1997
Here's how last year's Faces to Watch shaped up by year's end: MOVIES Edward Burns: Fox released the actor-writer-director's "She's the One," which critics generally found amiable but derivative of his debut, "The Brothers McMullen." The newer film cost twice as much but took in less. He and his brother Brian signed a deal to develop a TV series for ABC, and he has written a new movie script he plans to film in '97. DreamWorks SKG: 1996 saw a lot of deals made but no movie product.
ENTERTAINMENT
March 10, 1996 | Claudia Puig, Claudia Puig is a Times staff writer
Nearly 20 years ago, television producer Diane English paid the $2 admission fee and was one of the first visitors to pass through the then-humble portals of the Museum of Television & Radio in New York City. "It was very makeshift," remembers English. "They had literally just moved in and it was very primitive. It was all cardboard boxes and there was a guy sitting at practically a card table. I was there because I was going to submit a spec script and had no idea how to do it.
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