November 1, 1997 |
Ticketmaster Group Inc. said it appointed a committee of two outside directors to consider an offer by HSN Inc. to buy the half of the company HSN doesn't own for $307.5 million in cash. The committee named to evaluate the $25-a-share offer will consist of Jonathan Dolgen, who also is an executive with Viacom Inc.'s Paramount Pictures studio, and Peter Barton, the former head of Tele-Communications Inc.'s Liberty Media Group. They will retain financial and legal advisors, the company said.
September 21, 2008 |
TUTUS AND nameplate necklaces, oversize flower pins and Manolos. Patricia Field, the costume designer who launched a thousand trends with her eclectic, high-low mix of designer and vintage ensembles on "Sex and the City," is at it again. Only this time, there's no runway sticker shock.
February 11, 1997 |
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.
October 24, 1997 |
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.
January 15, 2003 |
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.
June 18, 1997 |
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.
December 30, 2007 |
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.
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.
November 11, 1997 |
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.
August 27, 1996 |
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.