The Englewood-based conglomerate that owns HSN and QVC Inc. (NYSE: QVCD) has restructured the company further since the two networks combined under the same business in the fall.
In a Feb. 27 U.S. Securities and Exchange Commission filing for its shareholder breakdown of year-end and fourth-quarter earnings, Qurate Retail Inc. (NASDAQ: QRTEA), the company that was rebranded from John Malone's Liberty Interactive, noted that HSN is now a subsidiary of QVC Inc. As of Dec. 31, Qurate included QVC U.S., QVC International and HSN.
The restructuring, according to the filing, is intended to better facilitate cross-platform initiatives across the QVC and HSN businesses.
Qurate acquired HSN in December 2017, and slashed hundreds of jobs in October — mostly in St. Petersburg, where HSN has a large corporate campus.
Read more at the Denver Business Journal: https://bit.ly/2VKhIsH
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