QVC & HSN Face Bankruptcy Amid Cable TV Decline
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Cable TVs decline hits home shopping giants QVC and HSN hard, as their parent company misses annual report deadline, citing messy lender talks and a going concern warning. Pay TV households plummet, with streaming dominating, leading to a 45% drop in QVC and HSN viewership. Credit raters downgrade QVC Group to CCC, flagging huge refinancing risks on over $5 billion debt, and bankruptcy looms as a likely outcome for this fading cable icon.
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