QVC wants to buy HSN. But last year when Barry Diller spun off HSN from his company, IAC, he threw a monkey wrench into into the master plan. John Malone, emperor of QVC's parent company Liberty Media, had a bit of a disagreement with Barry Diller over the whole spin off deal (Doncha love it when billionaires get into a pissing match with each other? It's just so relatable.) The eventual settlement restricted Liberty from buying more than 5% more stock in HSN until May 2010.
Liberty Media has recently said on the record that they are the "natural owner" of HSN due to having the most "synergies" (who knew they were so metaphysical). And they just upped their stake in HSN from about 30% to 33% of the company--think of it as Easy Pay number one. Only a dollar a day, y'all!
We might have gleaned some insight about the situation at HSN's first annual shareholders' meeting since being spun off from Barry Diller's company, but they refused to allow media inside. Apparently most publicly traded companies allow the business media to cover their meetings even though they aren't technically required to do so. The local Tampa Bay media is not happy. They are even making veiled threats to no longer cover HSN or its celebrity pitchmen since they also aren't "required" to do it. I'm just guessing here, but feuding with the media is probably not the best PR move.