ShopNBC reported a disasterous third quarter during a 30-minute conference call with investors yesterday.  Revenue plunged 32% to $124.8 million and net losses more than tripled to $20.8 million on a 27% decline in volume and a 12% decline in the average price of items sold.  CEO John Buck said, “As you can see from the results, ShopNBC experienced a very difficult third quarter … With our third quarter results and our stock price below $1, I can only imagine how frustrated and concerned you are, as we are.  This is unacceptable.  Buck also said that ShopNBC’s special committee to explore strategic opportunities had received offers to purchase all or parts of the company, and that management would provide details sometime before the end of the fiscal year on February 2nd.  Senior managers took no questions during the conference call. Multichannel News Nov. 19, 2008