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.
May 8, 2011 |
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.
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.
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.
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.
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.
April 16, 1993 |
On the Home Shopping Network, the story lines are as thin as an overworked credit card. About the only drama unfolding amid the endless parade of cut-rate merchandise offered to cable television viewers is whether perky hostess Erin Morrissey's enthusiasm will give out before the supply of pink cubic zirconia bracelets at $29.75 each. But from behind the scenes of the $1-billion-a-year merchant-of-the-air have come details of a continuing drama that sounds improbable even by TV movie standards.