Plan to buy shopping network offLegal problems surrounding...

BUSINESS DIGEST

April 13, 1993

Plan to buy shopping network off

Legal problems surrounding Home Shopping Network, including a reported grand jury investigation of certain former HSN executive officers, prompted Liberty Media Corp. to withdraw its plan to take full control of HSN, Liberty said yesterday. Liberty is a spinoff of the nation's largest cable television operator, Denver-based Tele-Communications Inc., which operates United Artist Cable of Baltimore City.

Liberty, which bought a controlling interest in HSN in December, was poised last week to buy the remainder of the company via a cash-stock offer.

American Airlines tops in service

American Airlines was rated the best U.S. carrier for service, according to the 1992 Airline Quality Report issued yesterday.

The report ranked American first for the third year running and placed Southwest Airlines second and United Airlines third. USAir, the largest carrier at Baltimore-Washington International Airport, placed fifth. Delta Airlines was ranked fourth; Northwest Airlines sixth; America West Airlines seventh and Continental Airlines eighth. Trans World Airlines finished ninth and last.

BG&E sells $100 million in bonds

The Baltimore Gas and Electric Co. yesterday sold $100 million of 30-year first refundable mortgage bonds, with a yield of 7.537 percent, to finance general corporate expenses.

Senate OKs anti-pollution bill

A bill to drastically increase the cost of air-pollution permits has passed the state Senate despite efforts by a group of manufacturers to restructure the fees. The measure, which was approved by the Senate late last week, will raise $3.3 million by 1996 for environmental regulations.

If the bill is signed by Gov. William Donald Schaefer, businesses that need air permits will begin this year paying $15 for every ton of air pollution emitted, based on 1990 figures.

St. Agnes buys Surgicare Center

St. Agnes Hospital of Baltimore said yesterday that it has bought Columbia Health Plan's Patuxent Surgicare Center in Ellicott City. Terms were not disclosed.

NBC not for sale, GE says

After nearly two years of speculation about a possible sale of NBC, John F. Welch, the chairman of General Electric Co., told staff members of NBC News yesterday that the network was not for sale. The announcement was designed to stop rumors of an impending sale that have dogged NBC, a division of GE.

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