<PAGE>
 
                                                  ------------------------------
                                                            OMB APPROVAL
                                                  ------------------------------
                                                  OMBA Number:  3235-0145
                                                  Expires:      October 31, 1994
                                                  Estimated average burden
                                                  hours per response . . . 14.90
                                                  ------------------------------

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934

                           (Amendment No.    3   )*
                                          -------

              HSN Inc. (Formerly,Silver King Communications, Inc.)
- --------------------------------------------------------------------------------
                               (Name of Issuer)

                                 Common Stock
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)

                                   827740101
                             --------------------
                                (CUSIP Number)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in 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 8 pages

<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 827740101                   13G                PAGE 2 OF 8 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
        Wanger Asset Management, L.P.  36-3820584

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not Applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
        Delaware

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5          
     NUMBER OF              None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                            300,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING               None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                            300,000
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
        300,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
        Not Applicable
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11      
        4.24%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
        IA

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 827740101                   13G                PAGE 3 OF 8 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
        Wanger Asset Management, Ltd.
                          
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not Applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
        Delaware

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5      
     NUMBER OF              None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                            300,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING               None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                            300,000
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
        300,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
        Not Applicable
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
        4.24%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12 
        CO

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 827740101                   13G                PAGE 4 OF 8 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
        Ralph Wanger

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not Applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
        U.S.A.

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5      
     NUMBER OF              None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                            300,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING               None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                            300,000
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9      
        300,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
        Not Applicable
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
        4.24%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
        IN

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>
 
Item 1(a)      Name of Issuer:

                    HSN Inc. (formerly, Silver King Communications Inc.)

Item 1(b)      Address of Issuer's Principal Executive Offices:

                    12425 28th Street North
                    St. Petersburg, Florida  33716

Item 2(a)      Name of Person Filing:

                    Wanger Asset Management, L.P. ("WAM");
                    Wanger Asset Management Ltd., the general partner of WAM
                    ("WAM LTD.");
                    Ralph Wanger ("Wanger")

Item 2(b)      Address of Principal Business Office:

                    WAM, WAM LTD. and Wanger are all located at:
                    227 West Monroe Street, Suite 3000
                    Chicago, Illinois 60606

Item 2(c)      Citizenship:

                    WAM is a Delaware limited partnership.
                    WAM LTD. is a Delaware corporation.
                    Wanger is a U.S. citizen.

Item 2(d)      Title of Class of Securities:

                    Common Stock

Item 2(e)      CUSIP Number:

                    827740101

Item 3         Type of Person:

                    (e)  WAM is an Investment Adviser registered under section
                    203 of the Investment Advisers Act of 1940; WAM LTD. is the
                    General Partner of the Investment Adviser; Wanger is the
                    principal stockholder of the General Partner.

Item 4         Ownership (at December 31, 1996):

                    (a)  Amount owned "beneficially" within the meaning of rule
                         13d-3:

                         300,000

                               Page 5 of 8 Pages

<PAGE>
 
                    (b)  Percent of class:

                         4.24%

                    (c)  Number of shares as to which such person has:

                                (i)  sole power to vote or to direct the  
                                     vote: none                           
                               (ii)  shared power to vote or to direct the
                                     vote:  300,000                          
                              (iii)  sole power to dispose or to direct the
                                     disposition of: none                 
                               (iv)  shared power to dispose or to direct 
                                     disposition of: 300,000                  

                    WAM serves as investment adviser to Acorn Investment Trust,
                    Series Designated Acorn Fund (the "Trust"). Various of WAM's
                    limited partners and employees are also officers and
                    trustees of the Trust, but WAM does not consider the Trust
                    to be controlled by such persons. Although the Trust is not
                    controlled by WAM, pursuant to rule 13d-3(a) the 300,000
                    shares beneficially owned by the Trust, with respect to
                    which the Trust has delegated to WAM shared voting power and
                    shared dispositive power, are considered to be shares
                    beneficially owned by WAM by reason of such delegated
                    powers. In addition to the shares beneficially owned by the
                    Trust, other clients of WAM may own shares which are not
                    included in the aggregate number of shares reported herein
                    because WAM does not have or share voting or investment
                    power over those shares.

Item 5         Ownership of Five Percent or Less of a Class:

                    If this statement is being filed to report the fact that as
                    of the date hereof the reporting person has ceased to be the
                    beneficial owner of more than five percent of a class of
                    equity security, check the following (X)

Item 6         Ownership of More than Five Percent on Behalf of Another Person:

                    The shares reported herein have been acquired on behalf of
                    discretionary clients of WAM.  Persons other than WAM are
                    entitled to receive all dividends from, and proceeds from
                    the sale of, those shares.

Item 7         Identification and Classification of the Subsidiary Which 
               Acquired the Security Being Reported on by the Parent Holding 
               Company:

                    Not Applicable

Item 8         Identification and Classification of Members of the Group:

                    Not Applicable

Item 9         Notice of Dissolution of Group:

                    Not Applicable

Item 10        Certification:

                    By signing below I certify that, to the best of my knowledge
               and belief, the securities referred to above were acquired in the
               ordinary course of business and were not acquired for the purpose
               of and do not have the effect of changing or influencing the
               control of the issuer of such securities 

                               Page 6 of 8 Pages






<PAGE>
 
               and were not acquired in connection with or as a participant in
               any transaction having such purpose or effect.

                               Page 7 of 8 Pages

<PAGE>
 
                                   Signature
                                   ---------

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Date:  February 14, 1997

               The undersigned corporation, on the date above written, agrees
               and consents to the joint filing on its behalf of this Schedule
               13G in connection with its beneficial ownership of the security
               reported herein.

                                        WANGER ASSET MANAGEMENT, LTD.
                                          for itself and as general partner of
                                          WANGER ASSET MANAGEMENT, L.P.

                                        By:  /s/ Bruce H. Lauer
                                           --------------------
                                                 Bruce H. Lauer
                                                 Vice President


               The undersigned individual, on the date above written, agrees and
               consents to the joint filing on his behalf of this Schedule 13G
               in connection with his beneficial ownership of the security
               reported herein.

                                                 RALPH WANGER



                                                 /s/ Ralph Wanger
                                                 -------------------------------

                               Page 8 of 8 Pages









<PAGE>
 
                                                      --------------------------
                                                              OMB APPROVAL
                                                      --------------------------
                                                      OMBA Number:     3235-0145
                                                      Expires:  October 31, 1994
                                                      Estimated average burden
                                                      hours per response...14.90
                                                      --------------------------

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934

                              (Amendment No.     2      )*
                                             -----------

                       Silver King Communications, Inc.
- --------------------------------------------------------------------------------
                               (Name of Issuer)


                                 Common Stock
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)


                                   827740101
                        ------------------------------
                                (CUSIP Number)


Check the following box if a fee is being paid with this statement [_]. (A fee 
is not required only if the filing person: (1) has a previous statement 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 subsequent 
thereto reporting beneficial ownership of five percent or less of such class.) 
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the 
disclosures provided in a prior cover page.

The information required in 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 8 pages

<PAGE>
 

- -----------------------                                  ---------------------
  CUSIP NO. 827740101                   13G                PAGE 2 OF 8 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
          Wanger Asset Management, L.P. 36-3820584
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not Applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
          Delaware

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5     
     NUMBER OF                None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                              400,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING                 None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                              400,000
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
          400,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
          Not Applicable
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
          5.73%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
          IA

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>
 

- -----------------------                                  ---------------------
  CUSIP NO. 827740101                   13G                PAGE 3 OF 8 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
          Wanger Asset Management, Ltd.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not Applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
          Delaware

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5     
     NUMBER OF                None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                              400,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING                 None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                              400,000
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
          400,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
          Not Applicable
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
          5.73%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
          CO

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>
 

- -----------------------                                  ---------------------
  CUSIP NO. 827740101                   13G                PAGE 4 OF 8 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
          Ralph Wanger 
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not Applicable                                            (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
          U.S.A.

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5     
     NUMBER OF                None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                              400,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING                 None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                              400,000
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
          400,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
          Not Applicable
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
          5.73%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
          IN

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>
 

Item 1(a)           Name of Issuer:

                         Silver King Communications Inc.

Item 1(b)           Address of Issuer's Principal Executive Offices:

                         12425 28th Street North
                         St. Petersburg, Florida 33716

Item 2(a)           Name of Person Filing:

                         Wanger Asset Management, L.P. ("WAM");
                         Wanger Asset Management Ltd., the general partner of 
                         WAM ("WAM LTD.");
                         Ralph Wanger ("Wanger")

Item 2(b)           Address of Principal Business Office:

                         WAM, WAM LTD. and Wanger are all located at:
                         227 West Monroe Street, Suit 3000
                         Chicago, Illinois 60606

Item 2(c)           Citizenship:

                         WAM is a Delaware limited partnership.
                         WAM LTD. is a Delaware corporation.
                         Wanger is a U.S. citizen.

Item 2(d)           Title of Class of Securities:

                         Common Stock

Item 2(e)           CUSIP Number:

                         827740101

Item 3              Type of Person:

                         (e) WAM is an Investment Adviser registered under
                         section 203 of the Investment Advisers Act of 1940; WAM
                         LTD. is the General Partner of the Investment Adviser;
                         Wanger is the principal stockholder of the General
                         Partner.

Item 4              Ownership (at December 31, 1995):
                                                 --

                         (a)  Amount owned "beneficially" within the meaning of 
                              rule 13d-3:

                              400,000 shares

                               Page 5 of 8 pages

<PAGE>
 
                         (b)  Percent of class:

                              5.73% (based on 6,977,000 shares outstanding)

                         (c)  Number of shares as to which such person has:

                                   (i)  sole power to vote or to direct the 
                                        vote: none
                                  (ii)  shared power to vote or to direct the 
                                        vote: 400,000
                                 (iii)  sole power to dispose or to direct the 
                                        disposition of: none
                                  (iv)  shared power to dispose or to direct 
                                        disposition of: 400,000

                            WAM serves as investment adviser to Acorn Investment
                            Trust, Series Designated Acorn Fund (the "Trust").
                            Various of WAM's limited partners and employees are
                            also officers and trustees of the Trust, but WAM
                            does not consider the Trust to be controlled by such
                            persons. Although the Trust is not controlled by
                            WAM, pursuant to rule 13d-3(a) the 300,000 shares
                            beneficially owned by the Trust, with respect to
                            which the Trust has delegated to WAM shared voting
                            power and shared dispositive power, are considered
                            to be shares beneficially owned by WAM by reason of
                            such delegated powers. In addition to the shares
                            beneficially owned by the Trust, other clients of
                            WAM may own shares which are not included in the
                            aggregate number of shares reported herein because
                            WAM does not have or share voting or investment
                            power over those shares.


Item 5         Ownership of Five Percent or Less of a Class:

                         Not Applicable

Item 6         Ownership of More than Five Percent on Behalf of Another Person:

                         The shares reported herein have been acquired on behalf
                         of discretionary clients of WAM. Persons other than WAM
                         are entitled to receive all dividends from, and
                         proceeds from the sale of, those shares.

Item 7         Identification and Classification of the Subsidiary Which
               Acquired the Security Being Reported on by the Parent Holding
               Company:

                         Not Applicable

Item 8         Identification and Classification of Members of the Group:

                         Not Applicable


                               Page 6 of 8 pages


<PAGE>
 
Item 9         Notice of Dissolution of Group:

                    Not Applicable

Item 10        Certification:

                    By signing below I certify that, to the best of my knowledge
               and belief, the securities referred to above were acquired in the
               ordinary course of business and were not acquired for the purpose
               of and do not have the effect of changing or influencing the
               control of the issuer of such securities and were not acquired in
               connection with or as a participant in any transaction having
               such purpose or effect.

                               Page 7 of 8 pages

<PAGE>
 
                                   Signature
                                   ---------

     After reasonable inquiry and to the best of my knowledge and belief, I 
certify that the information set forth in this statement is true, complete and 
correct.

Date: February 9, 1996

                    The undersigned corporation, on the date above written, 
                    agrees and consents to the joint filing on its behalf of 
                    this Schedule 13G in connection with its beneficial 
                    ownership of the security reported herein.

                                   WANGER ASSET MANAGEMENT, LTD.
                                        for itself and as general partner of
                                        WANGER ASSET MANAGEMENT, L.P.

                                   By: /s/ Robert M. Slotky
                                      --------------------------------------  
                                           Robert M. Slotky
                                           Chief Financial Officer

                    The undersigned individual, on the date above written, 
                    agrees and consents to the joint filing on his behalf of 
                    this Schedule 13G in connection with his beneficial 
                    ownership of the security reported herein.
                    
                                   RALPH WANGER

                                   /s/ Ralph Wanger
                                   ------------------------------------

                               Page 8 of 8 pages



<PAGE>
 
                                                  ------------------------------
                                                            OMB APPROVAL
                                                  ------------------------------
                                                  OMB Number:          3235-0145
                                                  Expires:      October 31, 1994
                                                  Estimated average burden
                                                  hours per form ..........14.90
                                                  ------------------------------
 
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13D

                   Under the Securities Exchange Act of 1934
                            (Amendment No.  1   )*
                                          ------            

                       Silver King Communications, Inc.
- --------------------------------------------------------------------------------
                               (Name of Issuer)

                                 Common Stock
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)

                                   827740141
                   -----------------------------------------
                                (CUSIP Number)
                       Woon-Wah Siu, Bell, Boyd & Lloyd
                      70 West Madison Street, Suite 3300
                  Chicago, Illinois 60602 Tel: (312) 372-1121
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and 
                                Communications)

                                August 3, 1995
        --------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
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 the statement [_]. (A fee is
not required only if the reporting person: (1) has a previous statement 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 subsequent 
thereto reporting beneficial ownership of five percent or less 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 shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter 
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>
 

- -----------------------                                  -----------------------
  CUSIP NO. 827740141                   13D                  PAGE 2 OF 4 PAGES
- -----------------------                                  -----------------------
 
- --------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
          Ralph Wanger

- --------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      Not Applicable                                            (b) [_]
                                                 
- --------------------------------------------------------------------------------
      SEC USE ONLY
 3
          
 
- --------------------------------------------------------------------------------
      SOURCE OF FUNDS*
 4
      Not Applicable

- --------------------------------------------------------------------------------
      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
      2(d) or 2(e)                                                           [_]
 5
      Not Applicable

- --------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 6    
      U.S.
     
- --------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     7     
     NUMBER OF                0     
                    
      SHARES       -------------------------------------------------------------

   BENEFICIALLY      8    
                              800,000
     OWNED BY
                   -------------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     9     
    REPORTING                 0   
 
      PERSON       -------------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH         10    
                              800,000

- --------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11    
                              800,000

- --------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
12                  
               
 
- --------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13    
                              8.99%

- --------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
14
                              IN  

- --------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 2 of 7


<PAGE>
 
     This Amendment No. 1 relates to the Schedule 1D filed immediately prior to 
the filing of this Amendment by Ralph Wanger ("Wanger"), with respect to the 
shares of Common Stock (the "Shares") of Silver King Communications, Inc. (the 
"Schedule 13D"). All terms used herein, unless otherwise defined, shall have the
same meaning as in the Schedule 13D. This Amendment supplements the Schedule 13D
and should be read in conjunction therewith.

Item 4.   Purpose of Transaction.
- ------

          On January 4, 1995, WAM purchased 7,500 Shares in the open market in 
the ordinary course of business.

          Between July 14, 1995 and August 3, 1995, Squirrel sold 125,000 Shares
in the open market in the ordinary course of business.

          In July, 1995, WAM sold 40,000 Shares in the open market in the 
ordinary course of business.

Item 5.   Interest in Securities of the Issuer.
- ------

          At August 3, 1995, after accounting for the transactions reported in 
Item 4, Wanger owned "beneficially" within the meaning of rule 13d-3: 800,000 
Shares or 8.99% of the class (based on 8,899,000 Shares outstanding), over which
he had shared voting and investment power. All of such Shares were 
"beneficially" owned by WAM, which is eligible to use Schedule 13G. Because 
beneficial ownership of the 800,000 Shares is attributable to Wanger solely by 
virtue of his control over WAM, which is eligible to use Schedule 13G, Wanger is
filing this Amendment to Schedule 13D as an exit filing.

Item 6.   Contracts, Arrangements, Understanding or Relationships with Respect 
- ------
          to Securities of the Issuer.

          Not Applicable.

Item 7.   Material to be Filed as Exhibits.
- ------

          Not Applicable.

<PAGE>
 
                                   SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I 
certify that the information set forth in this Statement is true, complete and 
correct.

Date: December 8, 1995.

                                        RALPH WANGER

                                        /s/ Ralph Wanger
                                        ----------------------------



<PAGE>

                                                  ------------------------------
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13D

                   Under the Securities Exchange Act of 1934
                            (Amendment No.________)*


                       Silver King Communications, Inc.
- --------------------------------------------------------------------------------
                               (Name of Issuer)

                                 Common Stock
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)

                                   827740141
                   -----------------------------------------
                                (CUSIP Number)
                       Woon-Wah Siu, Bell, Boyd & Lloyd
                      70 West Madison Street, Suite 3300
                  Chicago, Illinois 60602  Tel: (312) 372-1121
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and 
                                Communications)

                               October 17, 1994
        --------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
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 the statement [X]. (A fee is
not required only if the reporting person: (1) has a previous statement 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 subsequent 
thereto reporting beneficial ownership of five percent or less 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 shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter 
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>


- -----------------------                                  ----------------------
  CUSIP NO. 827740141                   13D                PAGE 2 OF 5 PAGES
- -----------------------                                  ----------------------
 
- -------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
               Ralph Wanger

- -------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
               Not Applicable                                   (b) [_]
                                                 
- -------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- -------------------------------------------------------------------------------
      SOURCE OF FUNDS
 4
               Not Applicable

- -------------------------------------------------------------------------------
      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 
      ITEMS 2(d) or 2(e)
      
 5             Not Applicable
              

- -------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 6    
               U.S.

- -------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     7     
     NUMBER OF                0    
 
      SHARES       ------------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      8    
                              957,500
     OWNED BY
                   ------------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     9     
    REPORTING                 0
 
      PERSON       ------------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH         10    
                              957,500
- -------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11    957,500 (as of December 31, 1994)
      

- -------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
12                  
                                                         
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13    10.76%  (as of December 31, 1994)
      

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
14             IN
          

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTION BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
     
                 
 

<PAGE>
 
Item 1.   Security and Issuer
- ------

          This Statement relates to shares of Common Stock (the "Shares") of 
Silver King Communications, Inc., 12425 - 28th Street North, St. Petersburg, 
Florida 33716.

Item 2.   Identify and Background.
- ------
              
          There is set forth hereafter information with respect to the person
filing this Statement:

          (a)  Name: Ralph Wanger ("Wanger")

          (b)  Country of Citizenship: U.S.

          (c)  Principal Business: Investment Advisor, Wanger is (i) a general
               partner of Flying Squirrel Management, L.P., which is the general
               partner of Flying Squirrel Fund L.P. ("Squirrel"), and (ii) the
               principal stockholder of Wanger Asset Management Ltd., ("WAM
               LTD") which is the general partner of Wanger Asset Management
               L.P. ("WAM"), an Investment Adviser registered under Section 203
               of the Investment Advisers Act of 1940.
               
          (d)  Address of Principal Office:
               227 West Monroe Street, Suite 3000
               Chicago, Illinois 60606

          (e)  The undersigned reporting person has never been convicted in a
               criminal proceeding or been a party to a civil proceeding of a
               judicial or administrative body of competent jurisdiction as a
               result of which it is or was subject to a judgement, decree or
               final order enjoining future violations of or prohibiting or
               mandating activities subject to federal or state securities laws.

Item 3.   Source and Amount of Funds or Other Consideration.
- ------

          Not Applicable.

Item 4.   Purpose of Transaction.
- ------

          WAM serves as investment adviser to Acorn Investment Trust, Series 
Designated Acorn Fund (the "Trust"). Various of WAM's limited partners and 
employees are also officers and trustees of the Trust, but WAM does not consider
the Trust to be controlled by such persons. Although the Trust is not controlled
by WAM, pursuant to rule 13d-3(a), shares beneficially owned by the Trust, with 
respect to which the Trust has delegated to WAM shared voting power and shared 
dispositive power, are considered to be shares beneficially owned by WAM by 
reason of such delegated powers. For purposes of rule 13d-3, shares beneficially
owned by the Trust are also considered to be shares beneficially owned by Wanger
by virtue of his control over WAM LTD, which is the general partner of WAM. At 
December 31, 1994, WAM beneficially owned 832,500 Shares or 9.35% of the class. 
WAM, WAM LTD and Wanger reported ownership of 



<PAGE>
 
such Shares on Schedule 13G filed on February 10, 1995. In addition to the 
Shares beneficially owned by the Trust, other clients of WAM may own Shares 
which are not included in the aggregate number of Shares reported herein because
WAM does not have or share voting or investment power over those Shares.

          On October 17, 1994, Squirrel became the beneficial owner of Shares 
equal to more than one percent of the class. For purposes of rule 13d-3, shares 
beneficially owned by Squirrel are considered to be beneficially owned by Wanger
by virtue of fact that he is a general partner of the general partner of 
Squirrel. Squirrel is not eligible to use Schedule 13G. Wanger, therefore, is 
filing this Statement on Schedule 13D to reflect that he was deemed to 
beneficially own Shares beneficially owned by Squirrel, in addition to the 
Shares beneficially owned by WAM.

          The Shares referred to above were acquired in the ordinary course of 
business and were not acquired for the purpose of and have the effect of 
changing or influencing the control of the issuer of such Shares and were not 
acquired in connection with or as a participant in any transaction having such 
purpose or effect.

          Squirrel sold all of the Shares it owned by August 3, 1995. Wanger 
intends to make an exit filing immediately following the filing of this Schedule
13D.

Item 5.   Interest in Securities of the Issuer
- ------

          At October 17, 1994, Wanger owned "beneficially" within the meaning of
rule 13d-3: 781,000 Shares (of which 682,700 Shares were "beneficially" owned 
by WAM and 98,300 were "beneficially" owned by Squirrel), representing 8.78% of 
the class (based on 8,899,000 Shares outstanding), over all of which Wanger had 
shared voting and investment power.

          At December 31 1994, Wanger owned "beneficially" within the meaning of
rule 13d-3: 957,500 Shares (of which 832,500 Shares were "beneficially" owned by
WAM and 125,000 were "beneficially" owned by Squirrel), representing 10.76% of 
the class (based on 8,899,000 Shares outstanding), over all of which Wanger had 
shared voting and investment power.

Item 6.   Contracts, Arrangements, Understanding or Relationships with Respect 
- ------          
          to Securities of the Issuer.

          Not Applicable.

Item 7.   Material to be Filed as Exhibits.
- ------

          Not Applicable.



<PAGE>
 
                                   SIGNATURE

          After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and 
correct.

Date: December 8, 1995.

                                                 RALPH WANGER

                                                  /s/ Ralph Wanger
                                                 -------------------------------