oberl9,lf i T ues d a y' October 19,1993 The Battalion Page 7 O^Battle to take > birtlover Paramount iSSyntinues to rage Sj The Associated Press th tD 1 NEW YORK “ The batt,e for Y YY , Paramount Communications con- 1 ‘ U fY tinues to rage with cable shopping u l '/ channel operator QVC Network e to havefcK adding $1 billion in financing from two huge private media k !° I companies to its hostile bid. had alustaiBcox Enterprises Inc. and the C '' ™ whouse family's Advance August! 1 . publications Inc. each pledged :■ decision (jjtjQQ minion to QVC Chairman Barry Diller's effort to wrest hat Ivedi p ara mount away from its earlier e for myc mer g e r deal with Viacom Inc. s going toshT The development seemingly s, V\il]iaE| u t s more pressure on Viacom *y car ) tac ' Chairman Sumner Redstone to ine, itsmc:-pj se the amount of his friendly merger bid. lied the dill QVC, based in West Chester, ipt to kt:|p a and MTV cable channel oper- g present d:|tor Viacom have each offered combinations of cash and stock onceptiontbfor Paramount, but QVC's $9.7 David tormslillion bid is worth $1.8 billion hild, Oileiflore. Namias saiiH Paramount had no comment at as soor.Sunday on QVC's new financing, ne, he won®t Viacom criticized the ton." arrangements and repeated its isertion that "the Paramount Vi- babv when! a( : om mer g er be completed." id ^ Blhe scramble for Paramount , r !, has become one of the wildest takeover fights since the 1980s, me shewa