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November 8, 1993

VIACOM RAISE THEIR BID FOR PARAMOUNT

By CBR Staff Writer

In the kaleidascopic multimedia world, it was non-stop action over the weekend – Home Shopping Network Inc and QVC Network Inc agreed to terminate their negotiations on a merger, with Home Shopping citing timing and other uncertainties created by the QVC bid for Paramount Communications Inc; Viacom Inc raised the paper element of its bid for Paramount by $5 to take the claimed value to $5 a share; and it was insisted that contacts continued over the weekend between QVC and BellSouth Corp regarding the latter backing the Paramount bid.

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