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HOME SHOPPING NETWORK ANNOUNCES REVISED LIBERTY STOCK ACQUISITION OFFER

 ST. PETERSBURG, Fla., Feb. 24 /PRNewswire/ -- Home Shopping Network, Inc. (NYSE: HSN) reported that after the close of stock market trading on Feb. 23, 1993, it received a revised merger proposal from Liberty Media Corporation (Liberty) to acquire all of the common stock of HSN not already owned by Liberty.
 Under the revised proposal, holders of the common stock of HSN would receive $5.50 in cash and 0.1 share in Liberty Class A common stock for each share of HSN common stock.
 Under Liberty's prior proposal, holders of HSN common stock would have received $5 in cash, $1 in value of Liberty Class A common stock and $3 in value of the stock of a new subsidiary to be formed, which would hold all of the assets from HSN's subsidiaries, National Call Center and National Ticket Network. Liberty cited tax and corporate considerations as reasons for the revision of its proposal.
 Liberty delivered its revised proposal to an independent committee of HSN's board of directors, which has been formed to consider the merger proposal. The merger proposal remains subject to the negotiation of a definitive merger agreement, approval of stockholders and other customary conditions.
 Liberty currently owns 20 million shares of HSN's Class B common stock and 616,300 shares of its common stock. Such shares constitute approximately 65 percent of the outstanding voting power of HSN.
 -0- 2/24/93
 /CONTACT: Home Shopping Network corporate communications, 813-572-8585, ext. 7420/
 (HSN)


CO: Home Shopping Network; Liberty Media Corporation ST: Florida IN: REA SU: TNM

AW-JB -- FL004 -- 9763 02/24/93 09:06 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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