Shop Television Network Inc

Shop Television Network Inc. said in a Securities and Exchange Commission filing that its stock has been delisted by the National Assn. of Securities Dealers for failing to meet all the NASD's requirements. The Burbank producer of television shopping programs said it had previously been granted a waiver from the NASD's new $3-per-share minimum bid price rule.

Shop Television Network Inc. said in a Securities and Exchange Commission filing that its stock has been delisted by the National Assn. of Securities Dealers for failing to meet all the NASD's requirements. The Burbank producer of television shopping programs said it had previously been granted a waiver from the NASD's new $3-per-share minimum bid price rule.

Shop Television Network Inc. in Burbank, once a distant third in the hotly competitive U.S. home shopping market, has filed for bankruptcy protection after one of its largest creditors won a court order to repossess most of the network's video production equipment. The filing under Chapter 11 of U.S. bankruptcy laws puts the court order and other litigation on hold while Shop Television works out a plan with its creditors to repay its debts. The company listed $10 million in assets and $4.

Shop Television Network Inc. in Burbank, once a distant third in the hotly competitive U.S. home shopping market, has filed for bankruptcy protection after one of its largest creditors won a court order to repossess most of the network's video production equipment. The filing under Chapter 11 of U.S. bankruptcy laws puts the court order and other litigation on hold while Shop Television works out a plan with its creditors to repay its debts. The company listed $10 million in assets and $4.

Shop Television Network, a Burbank producer of home-shopping programs, said it laid off 110 of its 120 employees after J. C. Penney pulled the plug on a cable-shopping channel produced by Shop Television. The layoffs became effective Friday, a day after QVC Network Inc., the nation's second-largest home-shopping service with 40 million viewers, announced that it had taken over service to about 12 million subscribers of the J.C. Penney-owned show, called JCPenney Television Shopping Channel.

Shop Television Network, a Burbank producer of home-shopping programs, said it laid off 110 of its 120 employees after J. C. Penney pulled the plug on a cable-shopping channel produced by Shop Television. The layoffs became effective Friday, a day after QVC Network Inc., the nation's second-largest home-shopping service with 40 million viewers, announced that it had taken over service to about 12 million subscribers of the J.C. Penney-owned show, called JCPenney Television Shopping Channel.