MINNEAPOLIS–ShopNBC has appointed a special committee of independent directors to review strategic alternatives, language that usually means a possible sale, to maximize stockholder value.
“There can be no assurance that the review process will result in the announcement or consummation of any sale or other transaction,” the television retailer said in a statement.
ShopNBC is a direct-to-consumer, multimedia shopping network that reaches 70 million homes in the United States. ShopNBC is owned and operated by ValueVision Media.