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| Big cuts at SlopNBC.......................... | Rate Topic |
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| Posted: Tue Jan 15th, 2008 04:36 pm |
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1st Post |
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Tony Duronio 3T WIS 
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Associated Press ShopNBC Cuts Workforce by 10 Percent Associated Press 01.14.08, 6:40 PM ET EDEN PRAIRIE, Minn. - ShopNBC, the 24-hour shopping channel operated by ValueVision Media Inc., said Monday it reduced its salaried work force by 10 percent following a business strategy review. The cuts, which follow a 12 percent reduction last May, leave the company with 560 workers effective Monday, said Frank Elsenbast, the company's chief financial officer. Most of the cuts will be made at ValueVision's Eden Prairie, Minn., headquarters, according to the company. ValueVision also reiterated its full-year guidance for sales growth in the low single digits, and adjusted earnings of $5 million to $10 million before interest, taxes, depreciation and amortization. ValueVision in October lowered its full year revenue expectations due to tough conditions in retail sales and dismissed Chief Executive William J. Lansing. He was replaced on an interim basis by John Buck, the company's board chairman. ValueVision shares fell 8 cents to close at $4.88. Might even be cutting out the late night shows and going to taped programming.
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| Posted: Tue Jan 15th, 2008 05:51 pm |
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2nd Post |
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Skipdawg 3T WIS 
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I am not surprised at this at all.
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| Posted: Tue Jan 15th, 2008 06:50 pm |
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3rd Post |
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hucky 3T WIS 
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Interesting, Is this the sign of the times? Anybody else notice a slow down other than normal Holiday slow down in theyre respected Industry, work place. My Industry, Remodel is a little slow getting out of the gate in January, homeowners seem to be on a holding wait and see pattern. Cheers
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| Posted: Tue Jan 15th, 2008 08:07 pm |
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4th Post |
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romano 3T WIS 
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lots of discretionary spending on nice to have equipment being put off where I work. Must have stuff still being invested in.
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| Posted: Tue Jan 15th, 2008 09:01 pm |
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5th Post |
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mcwright Admin 
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Shopnbc has been heading down for awhile. So, it is to be expected when things overall start to slow up a bit. This may be just step one for them though. We'll see.
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| Posted: Tue Jan 15th, 2008 09:07 pm |
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6th Post |
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Paxman 3T WIS 
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You reap what you sow... so be it for Slop!! And unfortunately people keep getting hurt and sick in the hospital game... elective surgeries and procedures are slower in the beginning of the year due to deductibles...
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| Posted: Wed Jan 16th, 2008 09:27 am |
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7th Post |
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tny795 3T WIS 
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So, Shawn Wilsie's gone from there?
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| Posted: Wed Jan 16th, 2008 09:35 am |
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8th Post |
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oagaspar Site Founder 
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59 employees were laid off as of now....and SWILSIE is still there....he is one of the few with full seniority....late night shows will be taped instead of livewatch2.gifRumor has it that TT is being courted by Slopnbc to return and at this time TT does not deny nor acknowledge this cat28.gif
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