QVC has filed for bankruptcy.

[TheRolyPoly 3510]

This is not something you'd typically find on this forum but I thought its worth mentioning, nonetheless.

 

QVC has filed for Chapter 11 Bankruptcy. It will stay on the air and continue operations while trying to restructure their massive $5.8 billion debt. They're hoping to get out of it within 90 days or by July 2026, whichever comes first.

 

However, if it fails, QVC could end up going off air after 40 years on television and in the shopping business (first went on air November 24th, 1986). QVC2, QVC3, and QVC NOW would also force to go off air (yes, they have three spinoff channels).

 

This also opens up the question as to what happens to HSN (and to a lesser extent, HSN2), their sister property (which went on air first before QVC on September 20th, 1982 in Pinellas County (home to St. Petersburg), Florida before going national on July 1st, 1985).

 

https://www.audacy.com/kywnewsradio/news/local/qvc-bankruptcy

[l_miro 245]

3 hours ago, TheRolyPoly said:

This is not something you'd typically find on this forum but I thought its worth mentioning, nonetheless.

 

QVC has filed for Chapter 11 Bankruptcy. It will stay on the air and continue operations while trying to restructure their massive $5.8 billion debt. They're hoping to get out of it within 90 days or by July 2026, whichever comes first.

 

However, if it fails, QVC could end up going off air after 40 years on television and in the shopping business (first went on air November 24th, 1986). QVC2, QVC3, and QVC NOW would also force to go off air (yes, they have three spinoff channels).

 

This also opens up the question as to what happens to HSN (and to a lesser extent, HSN2), their sister property (which went on air first before QVC on September 20th, 1982 in Pinellas County (home to St. Petersburg), Florida before going national on July 1st, 1985).

 

https://www.audacy.com/kywnewsradio/news/local/qvc-bankruptcy

 

 

the filing states they're targeting emergence from chapter 11 within 90 days. From the language  "... will be entering into RSAs (restructuring support agreement) with certain holders of its debt" they don't plan to fold aka the rest of the creditors are about to get nothing or next to nothing their QVC investment.

 

it reads like a strategic default, they had $2B+ in losses last year on almost $9.3B in revenue, clearing the weeds

Edited April 16 by l_miro

[tyrannical bastard 4676]

I can only imagine if Barry Diller had prevailed and bought Paramount way back when (he was the CEO of QVC at the time)...

He would later go to then-rival Silver King (which owned HSN at the time) and launch the ill-fated USA Broadcasting. 

Those stations ended up under Univision and USA would end up under Universal, then NBCUniversal.

[l_miro 245]

perused their 10-K while waiting on my dough:

 

Quote

QVC provides programming without affiliation agreements to distributors representing approximately 4% of its QVC channel distribution and 0.5% of its HSN channel distribution [...] In return for carrying QVC's signals, most programming distributors for its U.S. distribution receive an allocated portion, based upon market share, of up to 5% of the net sales of merchandise sold via the television programs and from certain internet sales to customers located in the programming distributor's service areas.

 

answer to "why so many QVC/HSN channels filling LPTV and dot2 signals"

 

Quote

We enjoy a very loyal customer base, as demonstrated by the fact that for the twelve months ended December 31, 2025, approximately 92% of our shipped sales came from repeat customers (i.e., customers who made a purchase from us during the prior twelve months), who spent an average of $1,428 each during this period. An additional 3% of shipped sales in that period came from new customers and the remaining 5% of shipped sales came from reactivated customers (i.e., customers who previously made a purchase from us, but not during the prior twelve months).

On a trailing twelve month basis, total consolidated customers were approximately 10.3 million, which includes 6.6 million QxH customers and 3.7 million QVC International customers. QVC believes its core customer base represents an attractive demographic target market. Based on internal customer data for QxH, approximately 73% of its customers for the twelve months ended December 31, 2025 were women over the age of 50.

 

so they gained about 309K new customers but rely heavily on repeat customers, probably what contributed to the bankruptcy, they're dangerously reliant on repeat business

 

[mre29 1967]

It's 2026. How are home shopping channels (on cable or otherwise) even a thing anymore?

 

[TheRolyPoly 3510]

3 hours ago, mre29 said:

It's 2026. How are home shopping channels (on cable or otherwise) even a thing anymore?

 

 

Ikr?

 

We have QVC, HSN (and their spin-offs), Gem Shopping Network, Shop LC, all those paid programming channels your cable/satellite provider likes to provide, etc.

[nickp 393]

$5 billion in debt amid declining viewership and business model was disrupted a decade ago

[mre29 1967]

1 hour ago, nickp said:

$5 billion in debt amid declining viewership and business model was disrupted a decade ago

 

I'm sure it's been longer than a decade.

 

[tyrannical bastard 4676]

I wonder how long until Knocking will do the same.
(They're the ones who have invaded local stations and network shows with their various "steals and deals" segments )

[Yankees4life 599]

Hallelujah. One less shopping channel to deal with

[east-tx-tv 124]

On 4/16/2026 at 2:20 PM, l_miro said:

perused their 10-K while waiting on my dough:

 

 

answer to "why so many QVC/HSN channels filling LPTV and dot2 signals"

 

 

so they gained about 309K new customers but rely heavily on repeat customers, probably what contributed to the bankruptcy, they're dangerously reliant on repeat business

 

They must be.  I get pesky emails regularly from both of them asking me to order again, or put certain ordered items on autoship.