Summary

PARAMOUNT AND QVC AGREE TO MERGE

Source CONUS Archive
Record ID 88938
Story Slug PARAMOUNT MERGER WITH QVC (1993)
Location LOS ANGELES, CALIFORNIA
Format PKG
Date 12/23/1993
Archive Time 17:07
TRT 1:50
Supers QVC Martin Romm, Media Analyst William Davidson, Telecom Expert Indecent Proposal Sylvia Lopez, Reporting
Video Description (TV SHOW CLIPS ARE NOT LICENSABLE) QVC ON TV SCREEN, PARAMOUNT STUDIO EXT, CORPORATE HDQTRS EXT, CLIPS, KIDS WATCHING TV
Description PARAMOUNT AND QVC AGREE TO MERGE
Script LEAD: PARAMOUNT IS MAKING A DEAL THAT COULD AFFECT THE WAY WE SHOP, TALK AND WATCH TV PARAMOUNT OFFICIALS AGREED TO MERGE WITH Q-V-C CABLE NETWORK PARAMOUNT HAS BEEN FIGHTING Q-V-C'S HOSTILE BUYOUT ATTEMPTS FOR MONTHS SYLVIA LOPEZ HAS THE STORY SCRIPT: NAT IT SEEMS HOME SHOPPING NETWORK QVC WILL BUY JUST WHAT IT WANTS TO THIS CHRISTMAS , AND WHAT IT WANTS IS PARAMOUNT COMMUNICATIONS, WHICH UNSUCCESSFULLY FENDED OFF THE HOSTILE TAKEOVER FOR 3 AND A HALF MONTHS THAT LEAVES RIVAL CABLE COMPANY VIACOM OUT IN THE COLD SOT THE DEAL IS ESPECIALLY SWEET FOR QVC'S CHAIRMAN, WHO WAS FIRED BY PARAMOUNT YEARS AGO SOT SOT IF THE DEAL GOES THROUGH, QVC WOULD NOT ONLY GET PARAMOUNT’S STUDIOS AND FILM LIBRARY, IT TAKES CONTROL OF PARAMOUNT’S OTHER CORPORATE HOLDINGS, WHICH INCLUDE PUBLISHERS SIMON AND SCHUSTER, AND THE NY KNICKS BASKETBALL TEAM,MEDIA ANALYSTS SEE IT AS THE FIRST BIG STEP IN CREATING A MULTI MEDIA COMPANY THAT CAN OFFER SERVICES THAT UP TO KNOW WE'VE ONLY READ ABOUT SOT THAT’S JUST THE BEGINNING, THIS IS JUST THE FIRST RUMBLINGS OFF A MULTI MEDAI EXPLOSION
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