QVC buys a piece of The Knot

Article Abstract:

QVC Inc. (West Chester, Pennsylvania) will announce today its purchase of a part of The Knot, an online wedding registry. QVC is a television shopping channel but wants to expand its business in the direction of online retailing. This is QVC's first investment but it will probably not be its last. QVC will now have access to the 900,000 customers that shop on the Knot each month. QVC also hopes that the Knot, which has been in business since August, will have an initial public offering soon. The Knot offers 5,000 products online. QVC's purchase of part of an online shopping company is indicative of cable television's growing interest in internet sales.

Cable Networks, Video Retailing Service, All Other Information Services, Cable TV Networks, Home shopping, Cable networks (Television), QVC Inc., Knot

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State OKs Mercer Mutual's plan to become publicly held

Article Abstract:

Mercer Mutual Insurance Co. has received approval from the Pennsylvania Department of Insurance to convert to a publicly held company. It is opposed in this reogaization by Franklin Mutual Insurance Co. Franklin, one of Mercer's policy holders, hopes to convice other policyholders to vote against the conversion claiming that it would be unfair to them because it would not compenste them for their stake in the company. Mercer staets that the reorganization would enable the company better to meet its obligations. Thus the policyholders would benefit. Franklin has also offered to pay the other policy holdrs $23.2 million for Mercer.

Comment:

Mercer Mutual Insurance Co. has received approval from the Pennsylvania Dept.of Insurance to convert to a publicly held company

Organizational history, New Jersey, Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Property and casualty insurance, Mercer Mutual Insurance Co., Franklin Mutual Insurance Co.

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CDnow in merger talks with a N.Y. rival

Article Abstract:

CDnow of Jenkintown, PA, has announced discussions concerning possible merger with competing Web-based music store, N2K of New York. CDnow is the leader in the market and is operated by twins Jason and Matthew Olim. The stores have spent millions of dollars on advertising and partnerships with other online sites and services as part of their aggressive marketing of their services. CDnow and N2K have fought head-on for some time, with N2K recently launching its My N2K personalized service aimed at CDs and related products to users based on personal profile to compete with CDnow's My CDnow.

Comment:

Announces discussions concerning possible merger with competing Web-based music store, CDnow

Music Stores, Musical Instrument and Supplies Stores, Article, N2K, CDnow

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