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QVC ANNOUNCES DELAWARE SUPREME COURT AFFIRMATION OF INJUNCTION AGAINST PARAMOUNT BOARD OF DIRECTORS

 WEST CHESTER, Pa., Dec. 9 /PRNewswire/ -- QVC (NASDAQ-NMS: QVCN) announced that the Delaware Supreme Court today has affirmed the injunction granted by the Court of Chancery against the Paramount (NYSE: PCI) board of directors prohibiting the directors from favoring the management-sponsored Viacom (AMEX: VIA) bid for Paramount. The injunction affirmed today prohibits the Paramount directors from using its antitakeover poison pill rights plan in favor of Viacom and enjoins the lock-up stock option that the Paramount directors gave to Viacom.
 -0- 12/9/93
 /CONTACT: Michael Rourke of QVC, 215-429-8303, or investors, William F. Costello of QVC, 215-430-8948, or Diana Brainerd of Abernathy/MacGregor/Scanlon, 212-371-5999/
 (QVCN PCI VIA)


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

CK-TM -- NY092 -- 2406 12/09/93 17:47 EST
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Publication:PR Newswire
Date:Dec 9, 1993
Words:132
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