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BUSINESS
February 11, 1997 | Bloomberg News
David Geffen, the music executive who helped form DreamWorks SKG, acquired about 4% of the Class B common stock of HSN Inc. Geffen bought the shares, which have extra voting power, last week from an investment group that includes Roy Speer, the founder of Home Shopping Network Inc., according to records filed with the Securities and Exchange Commission. Geffen didn't disclose the price that he paid. HSN, based in St. Petersburg, Fla., was formed in December, when Silver King Communications Inc.
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BUSINESS
October 24, 1997 | MARLA MATZER
On the heels of Monday's announcement that it planned to buy most of Universal Studios' television operations for $4.08 billion, HSN on Thursday announced an offer to buy the half of Ticketmaster it doesn't already own, for $307.5 million in cash. Ticketmaster Chief Executive Fred Rosen said he expects Ticketmaster's board to meet next week to appoint an independent committee to review the proposal.
IMAGE
May 8, 2011 | By Alene Dawson, Special to the Los Angeles Times
Whether perusing the beauty and personal care products at Target or Whole Foods or shopping online at Sephora, consumers are increasingly encountering the phrase "paraben-free. " What exactly does paraben-free mean, and why might it matter? We take a closer look — including sussing out pretty makeup products that are paraben-free. What are parabens? Parabens are the most widely used preservatives in cosmetics and personal care products such as soap, moisturizers, shaving cream and underarm deodorant, according to the Food and Drug Administration.
BUSINESS
January 15, 2003 | From Reuters
About 8,700 frying pans sold through Home Shopping Network are being recalled because they can "explode or separate" while in use, U.S. safety regulators and cookware maker Innova Inc. said. Two people have been burned, and there have been eight reports of property damage, Davenport, Iowa-based Innova reported to the Consumer Product Safety Commission.
BUSINESS
June 18, 1997 | (Reuters)
HSN Inc.'s Internet Shopping Network on Tuesday launched an online auction site on the Web, competing with sites like Onsale Inc. for the dollars of high-tech consumers. The new site, scheduled to begin auctioning its first items Thursday, is further evidence of HSN Chairman Barry Diller's commitment to electronic commerce, executives said. Internet Shopping Network Chief Executive Officer Kirk Loevner said the live First Auction site (http://www.firstauction.
BUSINESS
December 30, 2007 | From Times Wire Reports
HSN, formerly known as Home Shopping Network, has agreed to pay the U.S. an $875,000 civil penalty after the government accused the company of failing to promptly issue warnings about pressure cookers that were blamed for burning people in at least 37 incidents. The Consumer Product Safety Commission said the payment was part of a settlement reached with HSN and its partner companies over defects in Welbilt electronic pressure cookers sold between September 2001 and November 2002.
NATIONAL
May 19, 2002 | From Times wire reports
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.
BUSINESS
November 11, 1997 | Associated Press
Home Shopping Network Inc. and Univision Communications Inc. are teaming up to form the Spanish Shopping Network, a television retailer targeting the Latino market. The network is scheduled to premiere early next year. Los Angeles-based Univision is the largest Spanish-language network in the U.S.
BUSINESS
August 27, 1996 | TOM PETRUNO
Home Shopping Network was one of the hottest new stock offerings of the 1980s--the Netscape Communications of its day. Home Shopping raised $36 million in its initial stock offering in May 1986, only to see the company's market value balloon to $4 billion by early 1987 on wild projections about the earnings prospects of the business. The stock, adjusted for splits, rocketed from $3 at the offering price to a peak of $47 in 1987, a nearly sixteenfold increase.
NEWS
February 27, 2014 | By Melissa Magsaysay
He's been inside the closets of some of the most fashionable women in the world, plucking out prime designer finds to sell on consigment in his store, Decades. Now retailer and "Dukes of Melrose" reality TV star Christos Garkinos is taking elements from the millions of pieces of clothing he's had his hands on over the last three decades to create a new clothing collection for HSN. The 14-piece collection, called Eureka , debuts on hsn.com Friday and is scheduled to be sold on the HSN Network March 20 and March 21. It includes dresses, peasant blouses, skirts and pants, all available in sizes 2 to 24 and priced from $59 to $119.
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