Diller-Silver King deal about to be OK'd. (Barry Diller's bid for control of Silver King Communications)(Brief Article)

Broadcasting & Cable, March, 1996 by McConnell, Chris

Barry Diller's bid to assume control of the Silver King Communications station group was approaching FCC approval at the end of last week.

The FCC commissioners were conducting a private "circulation" vote on the application to transfer the 12 Silver King stations to Silver Co., a firm in which Diller holds all voting stock. Although all the commission votes were not in at deadline, FCC sources predicted that the transaction could win approval by last Friday afternoon (March 1).

The deal, announced last summer, would give Silver Co. a majority voting share in Silver King Communications. Although Diller would exercise control of the stations, TCI's Liberty Media arm would hold almost all the equity stock in Silver Co. Liberty Media would have an...

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