COMPANY TOWN ANNEX

QVC Network Lines Up Financing for Paramount Bid: Barry Diller, chairman of the home shopping company, has secured Chemical Bank to act as lead agent for a $3-billion credit facility to document the seriousness of his unsolicited bid for Paramount, but sources indicated that QVC is still trying to decide when to communicate with the Paramount board. Diller may await the next move from Viacom Inc., which is expected to bring in a cable TV company and telephone firm as additional investors, and possibly sweeten its merger agreement with Paramount. According to one source, QVC has kept its bank commitment fees to less than $2 million so far, despite predictions that QVC would spend $10 million or more.