ShopNBC today announced that NBC Universal, Inc. — one of its largest shareholders — has decided not to pursue its offering of 6,452,194 common shares in the company at this time due to unfavorable, prevailing prices. NBC Universal, Inc. currently holds a 20 percent stake in ValueVision Media Inc., the owner of ShopNBC. Bloomberg Businessweek ShopNBC Press Release Jun. 24, 2010
NBC Universal to Continue Holding Common Stock in ShopNBC
Distribution Channel, DRTV Retailer, Investors
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Jun 242010
Jan 232009
NBC Universal Inc., the media subsidiary of General Electric Company, contributed $865 million in operating profit in the fourth quarter, down 6 percent from a year ago. Revenue fell 3 percent to $4.43 billion from $4.55 billion during the period. ShopNBC and the Ion television network were two of the investments contributing to the NBC Universal write-down. Associated Press on Forbes.com Jan. 23, 2009
