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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
AMENDMENT NO. 1
Under the Securities Exchange Act of 1934*
HOME SHOPPING NETWORK, INC.
______________________________________________________________________________
(Name of Issuer)
Common Stock, par value $.01 per share
______________________________________________________________________________
(Title of Class of Securities)
437351109
______________________________________________________________________________
(CUSIP Number)
Michael Drayer, Esq.
Silver King Communications, Inc.
12425 28th Street North
St. Petersburg, Florida 33716 (813) 573-0339
______________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 13, 1996
______________________________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to re-
port the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the reporting person: (1) has a previous state-
ment on file reporting beneficial ownership of more than five percent of the
class of securities described in Item 1; and (2) has filed no amendment sub-
sequent thereto reporting beneficial ownership of less than five percent of
such class. See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page should be filled out for a reporting per-
son's initial filing on this form with respect to the subject class of securi-
ties, and for any subsequent amendment containing information which would al-
ter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 6 pages
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
SCHEDULE 13D
Statement of
SILVER KING COMMUNICATIONS, INC.
Pursuant to Section 13(d) of the
Securities Exchange Act of 1934
in respect of
HOME SHOPPING NETWORK, INC.
The Report on Schedule 13D (the "Schedule 13D") re-
lates to the common stock, par value $.01 per share, of Home
Shopping Network, Inc., a Delaware corporation (the "Company").
This Report is filed by Silver King Communications, Inc. (some-
times referred to herein as the "Reporting Person"). The Re-
port on Schedule 13D originally filed by the Reporting Person
on December 8, 1995 (the "Reporting Person Schedule 13D") is
hereby amended and supplemented to include the information con-
tained herein, and this Report constitutes Amendment No. 1 to
the Reporting Person Schedule 13D. Capitalized terms not de-
fined herein have the meanings provided in the prior Report
referred to in this paragraph.
ITEM 2. IDENTITY AND BACKGROUND.
The information contained in Item 2 of the Reporting
Person Schedule 13D is hereby amended and supplemented by
adding the information set forth in Schedule 1 to this
Amendment, which is incorporated herein by reference.
ITEM 4. PURPOSE OF TRANSACTION.
The information contained in Item 4 of the Reporting
Person Schedule 13D is hereby amended and supplemented by add-
ing the information set forth in Item 6 below, which is incor-
porated herein by reference.
Page 2 of 6 pages
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATION-
SHIPS WITH RESPECT TO THE SECURITIES OF THE ISSUER
The information set forth in Item 6 of the Reporting
Person Schedule 13D above is hereby amended and supplemented by
adding the following information:
As previously reported, each of the Liberty HSN Merg-
er Agreement and the Exchange Agreement currently provides that
such agreement may be terminated by either party in the event
that the transactions contemplated thereby have not been con-
summated by August 30, 1996. Based on information contained in
Amendment No. 4 to the Report on Schedule 13D with respect to
Silver King, filed with the Securities and Exchange Commission
by TCI, Barry Diller and BDTV INC. (formerly Silver Management
Company), on August 16, 1996 ("Amendment No. 4"), because of
the delays in receiving the approval of the Federal Communica-
tions Commission (the "FCC") in connection with the transfer of
control of Silver King from Roy M. Speer to Mr. Diller (the
"FCC June Order") and certain limitations contained in the FCC
June Order relating to Liberty's acquisition of beneficial own-
ership of additional shares of Silver King common stock
(including those shares in which it would acquire an ownership
interest as a result of the transactions contemplated by the
Liberty HSN Merger Agreement and the Exchange Agreement), Mr.
Diller and Liberty believe it is unlikely that such transac-
tions will be consummated by August 30, 1996, and as a result,
Mr. Diller and Liberty have recently begun discussing a
restructuring of the proposed transactions or a possible alter-
native transaction relating to the Company, in any case such
that Silver King could acquire control of the Company consis-
tent with the FCC June Order. As reported in Amendment No. 4,
there can be no assurance that such discussions will result in
any agreement providing for such a restructured or alternative
transaction or, if any such agreement is reached, that any
required regulatory or other approvals for such transaction
(including from the FCC) will be obtained or that any such
transaction will be consummated.
Page 3 of 6 pages
SIGNATURE
After reasonable inquiry and to the best of his knowledge
and belief, the undersigned certifies that the information in
this statement is true, complete and correct.
Dated: August 16, 1996
SILVER KING COMMUNICATIONS, INC.
By: /s/ Michael Drayer
Name: Michael Drayer
Title: Executive Vice President
Page 4 of 6 pages
SCHEDULE 1
Directors, Executive Officers and Controlling Persons of
Silver King Communications, Inc. ("Silver King")
Principal Business or
Principal Occupation Organization in which such
Name and Business Address Employment is Conducted
Barry Diller Chairman of the Board Ownership and operation
and Chief Executive of television stations
Officer and Director
of Silver King
2425 Olympic Boulevard,
Santa Monica, CA 90404
Vincent F. Barresi President and Chief Ownership and operation of
Operating Officer, WNAB-TV television station
Channel 58 Nashville, Inc.
3201 Dickerson Pike
Nashville, TN 37207
Steven H. Grant Chief Financial Officer Telephone communications
Precision Systems Inc. software and technology
11800 30th Court North
St. Petersburg, FL 33716
Michael A. Green Management Consultant, Business consulting
A.T. Kearney Management
Consulting
10877 Wilshire Boulevard
Los Angeles, CA 90024
Kenneth T. MacDonald Retired
P.O. Box 51
Paoli, PA 19301
Russell I. Pillar President and Chief Telephone communications
Executive Officer, software and technology
Precision Systems, Inc.
11800 30th Court North
St. Petersburg, FL 33716
Bruce M. Ramer Principal, Gang, Tyre, Law practice
Ramer & Brown, Inc.
132 South Rodeo Drive
Beverly Hills, CA 90212
Page 5 of 6 pages
Sidney J. Sheinberg Owner and Founder Film production
The Bubble Factory
8840 Wilshire Boulevard
Beverly Hills, CA 90211
Douglas Binzak Executive Vice President - Ownership and operation of
Broadcasting of Silver King television stations
2425 Olympic Boulevard
Santa Monica, CA 90404
Michael Drayer Executive Vice President, Ownership and operation of
General Counsel and television stations
Corporate Secretary of
Silver King
12425 28th Street North
St. Petersburg, FL 33716
Lia Afriat-Hernandez Executive Vice President - Ownership and operation of
Compliance/Programming television stations
of Silver King
12425 28th Street North
St. Petersburg, FL 33716
Adam Ware Executive Vice President - Ownership and operation of
Broadcasting of Silver King television stations
2425 Olympic Boulevard
Santa Monica, CA 90404
Joseph J. Centorino Senior Vice President - Ownership and operation of
Engineering of Silver King television stations
12425 28th Street North
St. Petersburg, FL 33716
BDTV INC. 1940 Coldwater Canyon Drive Company holding Silver
Beverly Hills, CA 90210 King securities
Page 6 of 6 pages
EXHIBIT INDEX
Seq. Pg. No.
1. Definitive Term Sheet regarding
Stockholders Agreement, dated as
of August 24, 1995, by and between
Liberty Media Corporation and
Mr. Diller.*
2. Letter Agreement, dated November 13,
1995, by and between Liberty Media
Corporation and Mr. Diller.*
3. Letter Agreement, dated November 16,
1995, by and between Liberty Media
Corporation and Mr. Diller.*
4. First Amendment to Stockholders
Agreement, dated as of November 27,
1995, by and between Liberty Media
Corporation and Mr. Diller.*
5. Agreement and Plan of Merger, dated
as of November 27, 1995, by and among
Silver Management Company, Liberty
Program Investments, Inc. and
Liberty HSN, Inc.*
6. Exchange Agreement, dated as of
November 27, 1995, by and between
Silver Management Company and
Silver King Communications, Inc.*
7. Press Release, dated November 27,
1995, issued by Home Shopping
Network, Inc.*
8. Press Release, dated November 27,
1995, issued by Silver King
Communications, Inc.*
9. Report on Schedule 13D, dated
August 28, 1995, filed by
Tele-Communications, Inc. and
Barry Diller, with respect to
Silver King Communications, Inc.
(the "TCI/Diller Schedule 13D").*
_____________________
* Previously filed.
10. Amendment to TCI/Diller Schedule
13D, dated November 30, 1995.*
_____________________
* Previously filed.