Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, July 13, 1994 TAG: 9408050020
SECTION: BUSINESS PAGE: C8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
PHILADELPHIA - The proposed merger of CBS Inc. and QVC Inc. was brought into question Tuesday when cable television provider Comcast Corp. announced a rival bid for the home-shopping concern.
The boards of CBS and QVC had planned to vote today on their merger proposal, which included the installation of veteran television executive Barry Diller at the top of CBS.
Comcast's spoiler bid for QVC, which it valued at $2.2 billion, is a cash and stock combination totaling $44 a share.
-Associated Press
Daleville to get new Rader funeral home
Rader Funeral Home Inc. said Tuesday it will build a new funeral home in Daleville to replace its operation in Troutville. The company said it hopes to have the facility under roof by winter and plans to move in within six months. The purchase price of the land will be about $250,000, and construction costs could approach $1 million. The new facility, about 10,000 square feet, will be on a 5.6-acre site at U.S. 220 and Virginia 653.
Rader is owned by Service Corporation International, a Houston company that also operates Lotz Funeral Homes in the Roanoke Valley. Ben Rogers, SCI's area manager, said Rader plans to close on the land purchase this week and will seek construction bids soon.
The new building will include a chapel that can accommodate 160 people with a family room for 35.
-Staff report
Briefly ...
Home Shopping Network Inc., a St. Petersburg, Fla., television retailer operating an order-filling warehouse in Salem, said Tuesday it has formed a joint venture in an infomercial company, HSN Direct, which will produce and broadcast infomercials. The venture includes Home Shopping Network and Kevin Harrington, recognized as one of the founders of the infomercial industry.
United Airlines was reborn as an employee-owned company Tuesday with promises of better service, lower fares and a new slogan: ``Fly Our Friendly Skies.'' Shareholders of United Airlines' parent company approved an employee buyout of the carrier, creating the nation's second-largest worker-owned firm after Publix Supermarkets of Lakeland, Fla.
The general manager of Virginia Network Inc., owner of radio stations WRDJ-FM and WLDJ-FM, is going back on the air, but for another broadcaster. Jack Alix has resigned his job in Roanoke and is moving to WXTR-FM in Washington, D.C., to co-host the station's morning show, beginning Monday . Alix, also known as "J.A. the Deejay," was a popular Top 40 deejay for most of the 1960s. He left the air to get into radio management in the late 1970.
by CNB