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HOME SHOPPING NETWORK COMPLETES SILVER KING SPIN-OFF

 ST. PETERSBURG, Fla., Dec. 29 /PRNewswire/ -- Home Shopping Network, Inc. (NYSE: HSN) announced today the completion of the spin-off of its wholly owned subsidiary, Silver King Communications, Inc. (SKC), to shareholders of HSN in a pro rata stock dividend.
 Each HSN shareholder of record as of Dec. 24, 1992, will receive one share of SKC common stock for each 10 shares of HSN common stock held on that date. It is anticipated that SKC stock certificates will be mailed on Jan. 13, 1993.
 Roy M. Speer, chairman and chief executive officer of HSN, stated, "I am extremely pleased to announce the completion of our spin-off of SKC. We believe the spin-off will facilitate investor understanding of the businesses of SKC and HSN, which we hope will result in greater value in the long term for HSN's shareholders."
 -0- 12/29/92
 /CONTACT: Home Shopping Network corporate communications, 813-572-8585, ext. 7420/
 (HSN)


CO: Home Shopping Network, Inc.; Silver King Communications, Inc. ST: Florida IN: REA ENT SU:

AW-JB -- FL004 -- 0304 12/29/92 11:20 EST
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Publication:PR Newswire
Date:Dec 29, 1992
Words:175
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