Diller Acquires QVC Stake: cites likely growth of interactive TV
Article Abstract:
Former Fox Inc News Corp Chmn Barry Diller has made an agreement to acquire almost 3 percent of the cable shopping channel QVC Network Inc for $25 million. Diller also formed a partnership with QVC's largest shareholders, Liberty Media Corporation and the Comcast Corporation, agreeing to vote as a single group. Diller hopes to use digital compression technology to expand the home shopping industry and QVC. QVC is the fastest-growing cable home-shopping company in the US, and digital compression technology is expected to be the biggest new technology in cable television, allowing 10 times the present number of channels. Diller is negotiating to become QVC's CEO. QVC is controlled by Liberty, which has an 80 percent voting stake. Liberty also owns the Home Shopping Network, of which QVC is the largest competitor. Since Liberty owns both, the companies are expected to merge.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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A Democratic leap of faith in Silicon Valley
Article Abstract:
Many executives of the largest high-technology companies in the Silicon Valley reverse their lifelong support for Republican nominees to endorse Bill Clinton in the Nov 1992 presidential election. Although they remain Republicans, they say Clinton's policies would be better for their industry than those of Pres George Bush and are impressed that the Democratic nominee bothered to ask them to develop a technology policy for him. Many favor Clinton's vision of government cooperating with industry to Bush's precept of non-intervention. In Sep 1992, Clinton's organization released a list of 400 executives endorsing the Democratic ticket, about 10 percent from high-technology firms. Bush's campaign countered with a list of 75 backers in the high-technology industry, but few are willing to discuss their endorsement and some were surprised to find their names on Bush's list.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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US West in Budapest phone deal
Article Abstract:
U S West Inc will build a mobile cellular telephone system in Budapest. The Bell regional holding company will build the first cellular system in Eastern Europe. Because of the antiquated nature of Hungary's phone system and the scarcity of telephones, the cellular system will likely be used for basic home service and be less expensive than the current system. The system is expected to go into operation in 1st qtr 1991. The system will initially serve Budapest's 2.1 million residents, and then expand to provide all of Hungary's 10.6 million residents with cellular service. U S West's contract must be approved by the 16-nation Coordinating Committee for Strategic Exports (COCOM) because it involves the import of sophisticated computer software into the eastern Bloc.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
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