COMPANY TOWN ANNEX

Turner Reported Mulling Bid for Shopping Network: Turner Broadcasting System Chairman Ted Turner is considering buying Home Shopping Network, according to a report in the weekly newspaper Variety. Turner is mulling the deal in part to acquire the 11 UHF television stations that the home shopping giant owns through its Silver King Communications unit, the report said. Variety quoted one source as saying Turner would like to use the stations as the linchpin for another broadcasting network, employing his production resources in entertainment, sports and news to reprogram the channels for mass appeal.