QVC Is Buying Rival HSN For $2.1 Billion

Operators had better be standing by to handle this one: The nation’s two best known home-shopping TV operations, QVC and Home Shopping Network, are set to come together under an all-stock deal valued at approximately $2.1 billion put together by John Malone’s Liberty Interactive Corp.

TV-Radio Enterpreneur Bud Paxson Dies

The radio and television station owner and creator of the Home Shopping Network and Pax TV (later Ion TV) died on Jan. 9 at the age of 80. NAB President Gordon Smith commented: “Broadcasters have lost a friend and a legend in the passing of Bud Paxson, who was a tenacious advocate for over-the-air radio and televsion.”