Reuters reported that QVC’s quarterly revenue rose 2 percent to $1.69 billion, but operating cash flow fell 1 percent. Not the best news for the Q.
"On an operating basis, clearly we're disappointed with the continued softness in QVC," Chief Executive Gregory Maffei said. The Reuters article also stated that Liberty Media Corp (QVC’s owner) is trying to purchase a division of IAC/InterActiveCorp that includes the Home Shopping Network (HSN).
Two shopping channels owned by the same company – sounds intriguing. As Queen of Q, I am versed in shopping, not business. I can’t offer much knowledge on what a merge would mean or do for QVC, so please friends read on here.
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