July 2, 1994 |
CBS/Broadcast Group president Howard Stringer said Friday that he's been asked to remain in his job after the proposed merger between CBS Inc. and Barry Diller's QVC Network. Stringer's plans have been the subject of speculation since CBS and QVC confirmed plans for a merger on Thursday. "I will stay on as head of the broadcast group," Stringer said in an interview. "Barry has asked me to stay, and I look forward to working for him.
July 29, 2003 |
General Motors Corp. said Monday that it would market Saturn models on the television home-shopping channel QVC next week to try to attract more women to the unprofitable division's vehicles. The 55-minute advertising program will air the evening of Aug. 5 and will offer incentives to buyers, said Chuck Thomson, the division's executive director of marketing. He wouldn't disclose the incentives or cost of the ad, which he said is the first by an automaker on QVC.
October 27, 1994 |
On video shopping channels, it's not uncommon to hear hawkers describe cubic zirconia jewelry as stunning or call polyester pantsuits irresistible. Now that Beavis and Butt-head have joined the ranks of the electronic shills, "it doesn't suck" can be added to the list of home shopping's fawning phrases. MTV Networks--which includes VH-1, Nickelodeon and MTV--began testing the home shopping waters in August.
August 22, 1997 |
Perhaps it is a sign of the times that a garishly large and expensive home along Sunset Boulevard is now being opened up for the world to see. There was a period, post-riots, when the rich hid their riches, leaving the Rolex at home and driving the Ford Bronco instead of the Range Rover. But how things have changed.
July 13, 1994 |
CBS on Tuesday abruptly abandoned its plan to merge with QVC after a rival bidder said it has offered $2.2 billion for the home shopping network. The rival bid came from Comcast Corp., the Philadelphia-based cable TV company that helped found QVC and owns about 17% of its stock. Comcast said that it is willing to buy all of QVC's outstanding shares for a 22% premium over Tuesday's closing price. CBS Chairman Laurence A.
May 29, 1994 |
Troy Enders sits at his workstation in his white lab coat concentrating on his mission. As supervisor of hard goods in the Quality Assurance Laboratory, he is an important first line of defense against improprieties, impurities and other pitfalls for his employer, the QVC Network. On Enders' desk is a pewter figurine of Tweety Bird. It is about half a foot high and is clad in prospector garb, his binoculars quite outsized.
March 4, 2003 |
Liberty Media Corp., the media-investment company controlled by billionaire John Malone, said Monday that it would exercise an option that may trigger the sale of the QVC home-shopping network it owns with Comcast Corp. Either Liberty, Comcast or a third party can buy QVC under the option. Comcast is more likely to consider a purchase than Liberty, which could use sale proceeds to finance acquisitions, analysts said. Comcast, the biggest U.S.
March 13, 2000 |
Peter Max loves trivia. "Do you know how many people watch QVC?" he asks. The '60s pop artist is standing over a table of Woodstock 99 posters that he will hawk on the cable shopping channel that evening. With one of those fat black markers that make a room reek, he starts swishing "Max" across 100 of them. "About 3.5 million people watch QVC." He's already signed 10 posters. "You know how big that is? That's the population of all of Manhattan." He's up to No. 30.
June 29, 1993
In December, Barry Diller made a "$25-million bet" on interactive cable when he purchased 3% of QVC's common stock and became the company's chairman and chief executive. It seems that bet has paid off. QVC recently announced a joint venture with Rupert Murdoch to bring a home shopping channel to Europe. And in fiscal 1992, pretax operating profit climbed 40% and long-term debt dropped $152.5 million to $7.6 million.
July 10, 1989 |
CVN Companies Inc. has agreed to be acquired by QVC Network Inc., a smaller competitor in the televised home shopping business, for more than $400 million in cash and stock, the companies said today. The deal would create a company that backers said could better compete against the video retailing leader, Home Shopping Network Inc., in an industry that generated $1.4 billion in revenue last year. The agreement calls for QVC, of West Chester, Pa.