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Article: Diller consolidates position with HSN deal; complicated transaction advances goals of moving shopping service to cable and launching broadcast network.(Home Shopping Network Inc.'s Barry Diller)
- Article from:
- Broadcasting & Cable
- Article date:
- September 2, 1996
- Author:
CopyrightCOPYRIGHT 1996 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Complicated transaction advances goals of moving shopping service to cable and launching broadcast network
With the Home Shopping Network back in the Silver King Communications fold, media mogul Barry Diller can concentrate on his primary mission of starting a new programing service.
That's the underlying reason that Diller, Silver King, HSN and Liberty Media Corp. put together a circus act of a deal last week instead of waiting for resolution of regulatory issues that might have allowed a previous stock swap deal with Liberty to go ahead.
"Sometime between a year and 18 months from now, we want to program these [Silver King] stations in a tight, local, ...