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QVC EXTENDS EXPIRATION DATE OF TENDER OFFER FOR PARAMOUNT STOCK

 WEST CHESTER, Pa., Dec. 1 /PRNewswire/ -- QVC (NASDAQ: QVCN) has extended the expiration date of its tender offer for 51 percent of the common stock of Paramount Communications Inc. (NYSE: PCI) to midnight, New York City time, on Thursday, Dec. 9. The extension was made in light of the scheduled Dec. 9 argument date set by the Delaware Supreme Court on the appeal by Paramount and Viacom Inc. (AMEX: VIA) of the Delaware Chancery Court decision of Nov. 24, 1993.
 QVC said that as of close of business today, approximately 1,571,353 shares of Paramount stock had been tendered in its offer.
 -0- 12/1/93
 /CONTACT: Michael Rourke, 212-371-5999, or 215-429-8303, or William F. Costello, 215-430-8948, both of QVC; or Diana Brainerd of Abernathy/MacGregor/Scanlon, 212-371-5999/
 (QVCN PCI VIA)


CO: QVC Network; Paramount Communications Inc.; Viacom Inc. ST: Pennsylvania, New York IN: ENT SU:

CK -- NY124 -- 9523 12/01/93 18:07 EST
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Publication:PR Newswire
Date:Dec 1, 1993
Words:156
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