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Article: QVC May Be Put on Block After Decision; Liberty Media Exercises Option to Quit Partnership
- Article from:
- The Washington Post
- Article date:
- March 4, 2003
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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QVC Inc., the largest seller of jewelry, clothing, computers and
other consumer goods on cable television, could soon find itself up
for sale as its two largest shareholders consider untangling their
complex partnership.
Comcast Corp, the nation's largest cable company with more than 21
million subscribers, owns a majority interest in QVC, but a sizable
stake is held by Liberty Media Corp., which also is a large
shareholder in Discovery Communications Inc. and the Starz premium
movie channels.
As part of the joint ownership, Liberty Media has exercised an
exit option that gives Comcast the right to buy Liberty Media's 42
percent stake in QVC. If Comcast declines, Liberty Media has the
right ...