TITLE

Price is right

AUTHOR(S)
Szalai, Georg
PUB. DATE
July 2003
SOURCE
Hollywood Reporter -- International Edition;7/8/2003, Vol. 379 Issue 21, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
When media stocks on Monday resumed trading after the long Fourth of July holiday weekend, shares of cable giant Comcast Corp. were among the biggest winners as Wall Street gave a deal to sell home shopping cable TV network QVC. Most observers said the sale comes at a good price and will help Comcast reduce its high debt, which it has been carrying since its takeover of AT&T Broadband last year. Late last week, Comcast said John Malone's Liberty Media has agreed to buy the 57% stake in QVC that it doesn't already own for approximately $7.9 billion in cash and stock.
ACCESSION #
10329309

 

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