Business Services Industry
Comcast Relieves Debt with Sale of QVC.
Knight Ridder/Tribune Business News, July, 2003
The Philadelphia In...uirer Knight Ridder/Tribune Business News
Jul. 6--Comcast Corp.'s decision to sell its majority stake in home shopping channel QVC to minority shareholder Liberty Media Corp. ought to work out well for both companies, analysts say.
Philadelphia-based Comcast announced Thursday that it was selling its majority interest in QVC to Liberty for $7.9 billion. The companies will determine over the next few weeks how the purchase price will be divided among stock, cash and debt.
Liberty, based in Englewood, Colo., and controlled by billionaire cable pioneer John Malone, currently owns 42 percent of QVC. Comcast owns the rest.
The sale of QVC will greatly reduce the $27 billion in debt that Comcast is toting...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express