November 2, 1988 |
In response to a year-old damage claim from Home Shopping Network, GTE Florida Inc. filed a countersuit Tuesday charging the cable shopping service and its two principal shareholders with business libel and slander. The counterclaim filed in Pinellas Circuit Court answers a $1.5-billion civil suit that HSN brought against the telephone company in September, 1987. Nando DiFilippo, HSN's executive vice president and general counsel, said the GTE counterclaim was without merit.
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.
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.