ENTERTAINMENT & MEDIA
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From Times Staff and Wire Reports
Liberty to Buy More Home Shopping Shares: Liberty Media Corp. said it has agreed to buy more than 16 million shares of Home Shopping Network under its just-expired tender offer of $7 a share. The purchase will boost Liberty Media’s stake in the cable channel operator to 41.5% and its voting power to 71%, the company said in a statement. Liberty Media also owns 23% of QVC Networks, Home Shopping’s rival in the shop-by-TV business.
