ENTERTAINMENT & MEDIA
From Times Staff and Wire Reports
Liberty to Buy More Home Shopping Shares: Liberty Media Corp. said it has agreed to buy more than 16 million shares of Home Shopping Network under its just-expired tender offer of $7 a share. The purchase will boost Liberty Media’s stake in the cable channel operator to 41.5% and its voting power to 71%, the company said in a statement. Liberty Media also owns 23% of QVC Networks, Home Shopping’s rival in the shop-by-TV business.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
