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.
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.”
