HSN hosts raise money for ailing friend

Article Abstract:

Hosts of Home Shopping Network in St. Petersburg, FL, are uniting to raise money for a former colleague who has been suffering from cancer for the last two years. Steve Chaney, a former host on the network, and his family have faced emotional as well as financial hardship due to his terminal illness. Despite that a portion of his medical expenses are covered by the network's health insurance plan, Chaney is facing difficulty in meeting daily expenses and costs of unconventional treatments not covered by insurance. The network's other hosts are seeking donations for the Steve Chaney Medical Fund and organize other efforts to raise money, such as yard sales, publications and sponsorships.

Strategy & planning, Cable Networks, Company Personnel, Other staff changes & profiles, Cable TV Systems Operators, Cable television broadcasting industry, Cable television, Home Shopping Network Inc.

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National Media, ValueVision terminate merger agreement

Article Abstract:

National Media Corp., of Philadelphia, PA, and ValueVision International Inc. of Minneapolis, MN, have jointly agreed to terminate their merger agreement, which is set to close on May 30, 1998. The cancellation of the merger agreement was put into effect after ValueVision shareholders said they will reject the deal because they are against the idea of combining ValueVision's business with a company that has not posted a profit in over a year. However, a spokesperson for National Media noted that the termination of the original agreement does not mean that both firms can no longer continue talks with each other.

Acquisitions & mergers, Mail Order Houses, Electronic Shopping and Mail-Order Houses, Mail order business, ValueVision International Inc., National Media Corp.

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Thane hires investment banker for pending IPO

Article Abstract:

Thane International Inc., a La Quinta, CA-based direct marketing company, has hired investment bank Bancamerica Robertson Stephens as its financial adviser for its pending initial public offering. The investment bank will identify potential investors as well as merger and acquisition targets that will diversify Thane's business holdings. Thane, meanwhile, states that it wants to retain its cost structure in line with its business, citing that intends to avoid the strategy pursued by National Media Corp. which lost money due to its acquisition binge.

Use of services, Contracts & orders received, Medical Equipment and Supplies Manufacturing, Exercise & Stress Test Eqp, Thane International Inc., Bancamerica Robertson Stephens

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