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Spotlight on Home Shopping Network Inc.: In February, Liberty Media Corp. gained a controlling 71% of the vote, bought about 41.5% of the company’s equity and appointed Gerry Hogan as chief executive. Says analyst John Field at Hanifen, Imhoff Inc.: “The new management is pretty well refocusing on improving both the company’s product lines and overall sales. They’re trying to get away from the small, under $10 items and replace them with higher-end, upscale items.”
Major Properties
Cable: Reaches 60 million households with 5 million active Club members
Products: Jewelry, electronics, housewares, toys, clothing, collectibles
Designers: Ivana Trump, Shell Kepler, Vanna White, Suzanne Somers, Shari Bellafonte, Bob Eubanks, Dick Clark
Financial Data
Market capitalization: $748.3 million
Cash: $53.5 million
Long-term debt: $172.9 million
1992 revenue: $1.1 billion
1992 profit: $37.3 million
Earnings per share: $0.42
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