Editing QVC (section)

====Competitor buy-out attempts====

In July 1989, QVC acquired the Cable Value Network, founded by [[Irwin L. Jacobs]]. The $380 million deal contributed to a loss of $17 million during the next fiscal quarter, and then led to difficulties in the couple of years that followed.<ref>{{cite web |url=http://home.comcast.net/~jsegel/BIOGRAPHY_Joseph_M_Segel.html |title=Biography |publisher=Home.comcast.net |date=2 November 2007 |access-date=3 February 2013 |archive-url=https://web.archive.org/web/20121022151948/http://home.comcast.net/~jsegel/BIOGRAPHY_Joseph_M_Segel.html |archive-date=October 22, 2012 |url-status=live }}</ref><ref>{{cite news |last=Feinburg |first=Andrew |title=CVN Agrees To Be Acquired By QVC in Video Shopping Deal |url=https://www.nytimes.com/1988/09/25/business/picking-up-the-pieces-in-home-shopping.html |access-date=29 January 2022|work=[[The New York Times]] |date=25 September 1988}}</ref><ref>{{cite news |title=CVN Agrees To Be Acquired By QVC in Video Shopping Deal |url=https://apnews.com/article/4594bd8823a821ff9612c327888a1f3d |access-date=27 January 2022|publisher=[[The Associated Press]] |date=10 July 1989}}</ref>

QVC first offered to buy out the [[Burbank, California|Burbank]]-based Shop Television Network on March 16, 1991,<ref>{{cite web|url=https://variety.com/1991/tv/features/qvc-withdraws-99127303/ |title=Sears Gets into Video Shopping |publisher=[[Variety (magazine)|Variety]] |date=1991-04-29 |access-date=2020-04-25}}</ref> a bid rejected by its producers and the Los Angeles Superior Court, and which carried blocks of time offering [[JCPenney]] merchandise. On May 21, 1991, it acquired the channel and its 4 million subscribers, with a liability of $2 million to its producers, along with a license to carry JCPenney brands on-air.<ref>{{cite news |last1=Gollner |first1=Phillip |title=Burbank TV Firm Lays Off 110 as J. C. Penney Kills Cable Show |url=https://www.latimes.com/archives/la-xpm-1991-05-21-fi-2368-story.html |access-date=25 April 2020|newspaper=[[The Los Angeles Times]] |date=21 May 1991}}</ref>

A QVC offer to buy rival [[Home Shopping Network]] in March 1992 was sidetracked by antitrust concerns.<ref>{{cite news |last1=Noglows |first1=Paul |url=https://variety.com/1993/tv/news/qvc-seeks-hsn-merger-108659/ |title=QVC seeks HSN merger |publisher=[[Variety (magazine)|Variety]] |date=1993-07-13 |access-date=2020-04-26 |archive-url=https://web.archive.org/web/20151021144033/http://variety.com/1993/tv/news/qvc-seeks-hsn-merger-108659/ |archive-date=October 21, 2015 |url-status=live }}</ref> On July 12, 1993, QVC offered to acquire Home Shopping in a stock swap valued at about $1.1 billion, but talks faltered when QVC pursued a bid for [[Paramount Communications Inc.|Paramount]] in fall 1993.<ref>{{cite web|url=https://variety.com/1994/tv/news/home-shop-merger-doubtful-119097/ |title=Home shop merger doubtful |publisher=[[Variety (magazine)|Variety]] |date=1994-03-09 |access-date=2020-04-26}}</ref> Liberty Media Corp. held a controlling interest in the St. Petersburg, Florida-based Home Shopping Network along with their share of QVC.<ref>{{cite news |last1=Rothman |first1=Matt |url=https://variety.com/1993/tv/news/shopping-net-shuffles-deck-to-study-merger-108723/ |title=Shopping net shuffles deck to study merger |publisher=[[Variety (magazine)|Variety]] |date=1993-07-14 |access-date=2020-04-26 |archive-url=https://web.archive.org/web/20170222023214/http://variety.com/1993/tv/news/shopping-net-shuffles-deck-to-study-merger-108723/ |archive-date=February 22, 2017 |url-status=live }}</ref>