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QVC EXTENDS EXPIRATION DATE OF TENDER OFFER FOR PARAMOUNT

 WEST CHESTER, Pa., Nov. 23 /PRNewswire/ -- In accordance with its previously announced agreement concerning the Delaware Chancery Court proceedings, QVC Network, Inc. (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 12:00 midnight, New York City time, on Wednesday, Dec. 1, 1993.
 QVC said that as of the close of business on Monday, Nov. 22, 1993, approximately 209,829 shares of Paramount stock had been tendered in its offer.
 -0- 11/23/93
 /CONTACT: (Press) Michael Rourke, 212-371-5999 or 215-429-8303, or (Investors) William F. Costello, 215-430-8948, both of QVC; or Diana Brainerd of Abernathy/MacGregor/Scanlon, 212-371-5999/
 (QVCN PCI)


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

GK-LM -- NY039 -- 7218 11/23/93 11:15 EST
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Publication:PR Newswire
Date:Nov 23, 1993
Words:139
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