Clock ticks on ValueVision merger deal

Article Abstract:

ValueVision International Inc. of Minneapolis, MN's tentative merger with National Media Corp. of Philadelphia is drawing mixed reactions on whether the union will close as the May 31 deadline draws near. Both firms had been prompted to postpone their annual shareholder meetings after opposing ValueVision shareholders had earlier notified their intention to vote against the deal. National Media's Quantum Television division, Jack Kirby, remains optimistic that an agreement could surface between the firms. Both companies, meanwhile, can pursue other deals if the planned acquisition does not close by the deadline.

Acquisitions & mergers, Licensing/Sales Agreements, ValueVision International Inc., National Media Corp.

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Lillie sees company future in shopping-tainment

Article Abstract:

Shop At Home Inc. is aiming to become a leading player in the field of direct selling through television. Company President and CEO Kent P. Lillie considers shopping as the leading recreational activity in America and has seen its power shape the media landscape, with computer technology coming together with broadcast media to create transactional television. Meanwhile, Shop At Home, touted as the third-largest shopping channel in the US, recently exceeded its $100 million mark in annual sales. Presently, its average sale is about $171, a figure which is about four times that of QVC or Home Shopping Network.

Strategy & planning, Sales, profits & dividends, Shop at Home Inc.

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Former Regal president sentenced to prison

Article Abstract:

Former Regal Communications Corp Inc CEO and president Arthur Toll will be sentenced to four years in prison without parole on Dec 3, 1999. Toll pleaded guilty to committing a series of federal crimes, including securities fraud, issuance of false financial statement and wire fraud. Toll agreed to pay $1.8 million in restitution as part of his plea bargaining with prosecutors. Regal Communications is a defunct infomercial marketing firm based in Fort Washington, PA.

Legal issues & crime, Regal Communications Corporation Inc.

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