ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, April 20, 1993                   TAG: 9304200102
SECTION: BUSINESS                    PAGE: B-4   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

LIBERTY STILL WANTS 15 MILLION SHARES OF HOME SHOPPING

Liberty Media Corp. said Monday it intends to invest $105 million to buy as many as 15 million shares of Home Shopping Network Inc. The launch of a cash tender offer, at $7 a share, comes just a week after Denver-based Liberty abruptly withdrew its plan to pay about $640 million for the 75 million Home Shopping shares it does not already own.

Home Shopping, based in St. Petersburg, Fla., operates a 450-employee warehouse and order-filling center in Salem.

Liberty said last week a Florida grand jury investigation and lawsuit had created uncertainties that could result in an indefinite delay in merger of the two television shopping companies. Liberty, among other interests, is part owner of Philadelphia-based QVC Network Inc.

Liberty already owns 20 million shares of Home Shopping's Class B common stock and 616,000 shares of its common stock, or about 23 percent of its equity. Purchase of 15 million shares would increase its ownership to 40 percent. - Staff report 


 by CNB