May 19, 2002 |
The Home Shopping Network's foray into Spanish-speaking homes is coming to an end after the company spent millions of dollars on the effort but failed to boost its sales. After three years, Home Shopping Espanol will close over the next several months as its contracts expire, the Miami-based company told its 75 employees. Spanish-speaking viewers apparently prefer to shop till they drop in English, company officials said.
March 7, 2000 |
Newport Beach-based developer Western Realco had barely broken ground for one of the largest warehouse buildings in California last week when television's Home Shopping Network signed a 10-year lease valued at more than $30 million for the entire 817,750-square-foot warehouse and distribution center in Fontana. The Western Realco development and the $5.4-million purchase of 48 acres of industrial land in nearby Colton last week by Chattanooga, Tenn.-based trucking firm U.S.
February 5, 2000 |
The National Basketball Assn. and USA Networks Inc. said they're teaming up to sell basketball merchandise on the Internet and through USA's Home Shopping Network cable channel. The multiyear agreement also involves the company's Ticketmaster unit. Financial terms of the agreement weren't disclosed. The move comes as the NBA prepares to relaunch its e-commerce division on its NBA.com Web site this spring.
June 28, 1999 |
In the first large-scale consumer use of speech verification technology, Home Shopping Network will use software to authenticate a customer's identity over the telephone, the company will announce today. The television shopping company has long kept profiles of repeat customers that include the person's address and credit card number, expediting the ordering process.
April 16, 1999 |
Home Shopping Network will pay a $1.1-million fine to the government for airing advertisements with unsubstantiated claims for skin-care, weight-loss and PMS/menopause products. A spokeswoman for St. Petersburg, Fla.-based Home Shopping Network had no comment on the fine. The Federal Trade Commission said that Home Shopping Network had violated a 1996 order requiring the company to stop making claims without "competent and reliable scientific evidence."
February 27, 1999 |
Lycos Inc. Chief Executive Robert Davis on Friday posted a vision of unprecedented synergistic shopping after a merger with USA Networks, trying to drum up support among shareholders for a deal he said he hoped would close in June. Under pressure from a falling stock price that has led its largest investor, CMGI, to say it won't vote for the merger at current levels, Davis said the combined company would have "one of the strongest financial platforms anywhere on the Internet."
February 10, 1999 |
Staying Put: Barry Diller may by trying to reshape the online landscape with his deal to combine Ticketmaster, Home Shopping Network and Lycos into a $21.5-billion company called USA Lycos Interactive Networks. But Ticketmaster Online-CitySearch, which will account for almost 20% of the combined company, will stay put in Pasadena. "Same bat time, same bat channel," said Charles Conn, chief executive of Ticketmaster Online-CitySearch.
February 10, 1999 |
The merger of Lycos Inc. with assets of USA Networks Inc. at first glance sparkles like a diamond, but when it comes to electronic commerce, analysts say it may be little more than a lump of cubic zirconia. The deal combines the significant traffic driven by Lycos' network of popular but disconnected Web sites with the national cable TV reach of USA Networks and its divisions, including Home Shopping Network, Internet Shopping Network/First Auction and its majority interest in Ticketmaster.
February 9, 1999 |
In the latest endorsement of the potential of online retailing, Ticketmaster and Home Shopping Network are expected to merge with Web portal Lycos to create a $21.5-billion Internet powerhouse, sources said Monday. Media mogul Barry Diller, the architect of the deal, hopes that a venture combining one of the top portal sites on the Internet with his companies that excel at selling tickets and other merchandise will eventually become a shopping mecca for those surfing the Web.