ValueVision Media, the operator of shopping networks ShopNBC and ShopHQ, has settled a seven month battle with a hedge fund investor, Clinton Group, by replacing its chief executive and changing the ... more 
ValueVision Media, the operator of shopping networks ShopNBC and ShopHQ, has settled a seven month battle with a hedge fund investor, Clinton Group, by replacing its chief executive and changing the ranks of its board members. Clinton had complained that management had fallen short of its targets, and badly underperformed rivals in the home shopping business, HSN and Liberty Media's QVC. In fact, ValueVision hasn't registered a full-year profit since 2008, shortly before the ousted management was installed. Clinton didn't get a full pass on its wishes, but the changes could be the first step toward a sale of the company. less 
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Tue, Jun 24, 2014 11:32 AM EDT