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Shop-At-Home Network: Going Out of Business Sale Has begun

NASHVILLE, TN, United States (UPI) -- The E.W. Scripps Co. announced Tuesday it is closing its Nashville-based Shop At Home network and Web site effective June 22.The network was founded in Newport, Tenn., in 1986, moved to Knoxville, Tenn., in 1992 and Nashville in 1998, the Knoxville (Tenn.) News Sentinel reported. It has 660 full-time employees.Scripps, of Cincinnati, bought the network for about $285 million as a sales outlet for products seen on its Home & Garden Television, HGTV; Food Network; Do It Yourself Network and Fine Living cable networks.Shop At Home has lost about $84 million in the past four years and is expected to post an after-tax loss of up to $60 million in the second quarter, the newspaper said.'This is not the outcome we had hoped for when we acquired Shop At Home nearly four years ago,' Scripps President and Chief Executive Officer Kenneth W. Lowe said.Employees were notified of the closing Tuesday and told they would receive 60 days` pay, severance packages and career transition services
 
MarcB said:
Shop@Home Network has begun their going out of business sale. On-air they're calling it a Huge Blow-Out-Sale. It also says All Sales Are Final. Credit Cards Only. They're selling lots of stuff including things I've never seen on the network before. All stuff is at least $15 cheaper than their normal prices. http://www.shopathometv.com/
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If they went off the air, why are they still on?? ???The guy I caught last night sure was green around the edges. I suppose some of the rgular sales folks have moved on. He was trying to demo some electronic corssword puzzle and was having trouble with it.
 
Hi everyone:The shutdown will be June 22. Not May 22. They are only beginning the sale.Cheers :)Pat
 
BoardmanDJ said:
MarcB said:
Shop@Home Network has begun their going out of business sale. On-air they're calling it a Huge Blow-Out-Sale. It also says All Sales Are Final. Credit Cards Only. They're selling lots of stuff including things I've never seen on the network before. All stuff is at least $15 cheaper than their normal prices. http://www.shopathometv.com/
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If they went off the air, why are they still on?? ???The guy I caught last night sure was green around the edges. I suppose some of the rgular sales folks have moved on. He was trying to demo some electronic corssword puzzle and was having trouble with it.No, Sir.......we are off the air.Now, how can we make an announcement that we are off the air??Bailey Quarters, WKRP, 1978
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e-dawg said:
What will happen to S@H tv stations, ie KCNS Ch38 San Francisco, WSAH Bridgeport/New York, etc...
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According to Scripps' press release, they will be put up for sale. In the meantime, after SAH folds, Scripps will provide replacement programming for its SAH-owned stations (wanna bet it's infomercials?).
 
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