Shopping channel ValueVision - merger

Television Digest with Consumer Electronics, Jan 12, 1998

Shopping channel ValueVision will merge with infomercial producer National Media Corp. in stock deal, companies said. ValueVision shareholders will end up with 55% ownership of holding company that will own both. As part of deal, ValueVision will provide interim working capital loan to National Media. Annual sales of combined company are expected to top $500 million.

COPYRIGHT 1998 Warren Publishing, Inc.
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