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QVC DELIVERS FINANCING COMMITMENTS TO PARAMOUNT

 WEST CHESTER, Pa., Oct. 5 /PRNewswire/ -- QVC announced that it has conveyed to Paramount Communications Inc. (NYSE: PCI) commitment letters covering $4 billion of financing for QVC's proposed acquisition of Paramount.
 The documents delivered this morning include commitment letters covering two previously announced $500 million equity investments in QVC by Comcast Corp. and Liberty Media Inc., as well as bank loan commitments totalling $3 billion -- $500 million from each of six banks.
 -0- 10/5/93
 /CONTACT: Michael Rourke of QVC Network, Inc., 212-371-5999/
 (QVCN PCI CMCS LBTY)


CO: QVC Network, Inc.; Paramount Communications Inc.; Comcast Corp.;
 Liberty Media Inc. ST: Pennsylvania IN: ENT SU: TNM


TW-OS -- NY051 -- 8881 10/05/93 13:00 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 5, 1993
Words:115
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