HSN swoops in on USA networks. (HSN Inc.)
Multichannel News, October, 1997 by Gibbons, Kent
The unsinkable Barry Diller once again has the programming and distribution assets to craft a new network. Might a renewed bid for CBS be the next step? Many on Wall Street and in the cable community think that HSN Inc. chairman Diller will use last week's blockbuster, $4.1 billion "merger" with Seagram Co.'s Universal television assets - including USA Networks - as a springboard to try for CBS again.
A 1994 run at the "Tiffany Network" fell short. Until that happens, Diller will once again focus on cobbling together a "hybrid" broadcasting and cable power, using HSN's base of 12 UHF TV stations, its cable carriage and Universal programming. Two years ago, he used similar language in sketching the future of Silver King Communications Inc., which he...
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