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SILVER KING COMMUNICATIONS LEARNS OF DELAY OF LIBERTY MEDIA TRANSACTION

 /REPEATING FROM EARLIER MOVE/
 ST. PETERSBURG, Fla., Jan. 12 /PRNewswire/ -- Silver King


Communications, Inc. (OTC Bulletin Board: SKTV) announced today that RMS Limited Partnership (RMSLP) has notified SKTV that the proposed transaction between Liberty Media Corporation (Liberty) and RMSLP, relating to the purchase of a controlling interest in Home Shopping Network, Inc. (NYSE: HSN) and the acquisition of certain interests in 2 million shares of SKTV Class B common stock, is awaiting regulatory approval and has been extended 60 days.
 Additionally, RMSLP has informed SKTV that the Department of Justice has requested additional information relating to its Hart-Scott-Rodino review of the proposed transaction between RMSLP and Liberty in which both entities intend to respond to as soon as it is possible.
 In addition, the transfer of control of SKTV by RMSLP is subject to the approval of the Federal Communications Commission. No application for such approval will be filed until the arrangements between RMSLP and Liberty have been finalized.
 SKTV owns and operates 12 independent full power UHF television broadcast stations serving eight of the 12 largest television markets in the United States, including New York, Los Angeles and Chicago. SKTV also owns numerous low power television stations. SKTV's television stations primarily broadcast retail sales programming of Home Shopping Club and have an audience reach in excess of 27.5 million households.
 -0- 1/12/93
 /CONTACT: Steven Grant of Silver King Communications, 813-573-0339/
 (SKTV HSN)


CO: Silver King Communications; RMS Limited Partnership; Liberty
 Media Corporation; Home Shopping Network ST: Florida IN: ENT SU:


266 01-12-93 13:41 EST JJ-JB -- FL009 -- 4142 01/12/93 15:13 EST
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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:Jan 12, 1993
Words:268
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