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HOME SHOPPING NETWORK HOLDS ANNUAL STOCKHOLDERS MEETING

 DENVER, Sept. 28 /PRNewswire/ -- Speaking at the annual meeting of stockholders, Gerald F. Hogan, president and chief executive officer of Home Shopping Network, Inc. (NYSE: HSN) indicated that sales results for September have strengthened somewhat compared with the prior periods. However, sales for the fiscal year ending Dec. 31, 1993 are expected to be lower than sales for calendar 1992.
 Hogan also stated that the special independent committee of HSN's board of directors will temporarily defer further deliberations regarding QVC Network, Inc.'s (NASDAQ-NMS: QVCN) proposed merger with HSN, but will continue negotiations with QVC when the status of QVC's bid for Paramount Communications, Inc. is clarified. Hogan said, "We believe it is in the best interest of HSN stockholders to consider fully the impact of a possible QVC/Paramount deal before pursuing further discussions with QVC."
 -0- 9/28/93
 /CONTACT: Louise Cleary of Home Shopping Network, 813-572-8585, ext. 7420/
 (HSN)


CO: Home Shopping Network, Inc. ST: Florida IN: REA SU:

JB-AW -- FL010 -- 6568 09/28/93 17:38 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
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