Shop at Home TV is folding
Michigan
Posts: 4,942 ✭
Is this the one that sells coins? They all look the same to me. 
The long-struggling Shop At Home Network, the television broadcast filmed in Nashville, is going dark.
The E.W. Scripps Co., which began investing in the network four years ago, announced this morning it would cease operations for both the television programming and Web site June 22, amid ongoing operating losses and the lack of a suitable buyer.
The network has 660 full-time employees in Nashville. A Scripps spokesman had earlier given a smaller number for the size of the Nashville workforce. The company said employees would get severance packages and career transition services.
Cincinnati-based Scripps had announced earlier that it was shopping the network, looking for a buyer.
“This is not the outcome we had hoped for when we acquired Shop At Home nearly four years ago,” Kenneth W. Lowe, president and chief executive officer for Scripps, said in a statement. “Despite the best efforts and fine work of many dedicated people, Shop At Home was unable to surmount some fundamental weaknesses that have blocked its path to profitability. I’d like to extend my deepest thanks to all of those who did their best to make this idea work.”
In previous statements, company officials had cited difficulty reaching the homes of Americans for the fourth-ranked home shopping TV network, which goes up against top-ranked QVC and other home shopping television outlets.
The company also said the path to profitability was taking longer than expected.
The E.W. Scripps Co. bought Nashville-based Shop At Home Inc. from shareholders in two transactions valued at $285 million, starting four years ago. It bought complete control of the network two years ago.
The network was operating at a loss when Scripps bought it, and it continued to lose money. Shop At Home has lost $84 million during the last four years.
Executives said five Shop At Home-affiliated television stations would be sold and that programming alternatives were being explored. Those stations are in the San Francisco, Boston, Cleveland, Bridgeport, Conn., and Raleigh-Durham, N.C. markets. They reach about 5 million households.
The long-struggling Shop At Home Network, the television broadcast filmed in Nashville, is going dark.
The E.W. Scripps Co., which began investing in the network four years ago, announced this morning it would cease operations for both the television programming and Web site June 22, amid ongoing operating losses and the lack of a suitable buyer.
The network has 660 full-time employees in Nashville. A Scripps spokesman had earlier given a smaller number for the size of the Nashville workforce. The company said employees would get severance packages and career transition services.
Cincinnati-based Scripps had announced earlier that it was shopping the network, looking for a buyer.
“This is not the outcome we had hoped for when we acquired Shop At Home nearly four years ago,” Kenneth W. Lowe, president and chief executive officer for Scripps, said in a statement. “Despite the best efforts and fine work of many dedicated people, Shop At Home was unable to surmount some fundamental weaknesses that have blocked its path to profitability. I’d like to extend my deepest thanks to all of those who did their best to make this idea work.”
In previous statements, company officials had cited difficulty reaching the homes of Americans for the fourth-ranked home shopping TV network, which goes up against top-ranked QVC and other home shopping television outlets.
The company also said the path to profitability was taking longer than expected.
The E.W. Scripps Co. bought Nashville-based Shop At Home Inc. from shareholders in two transactions valued at $285 million, starting four years ago. It bought complete control of the network two years ago.
The network was operating at a loss when Scripps bought it, and it continued to lose money. Shop At Home has lost $84 million during the last four years.
Executives said five Shop At Home-affiliated television stations would be sold and that programming alternatives were being explored. Those stations are in the San Francisco, Boston, Cleveland, Bridgeport, Conn., and Raleigh-Durham, N.C. markets. They reach about 5 million households.
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Comments
Well, there goes my late night entertainment...
Russ, NCNE
BST successful dealings with:MsMorrisine, goldman86
<< <i>Shop At Home was unable to surmount some fundamental weaknesses that have blocked its path to profitability. >>
Yeah, fundamental weakneffes like being a total and complete scam and rip off. LOL
If I see that slimy Robert Chambers fweeping the bourfe floor I'm going to drop my hotdog right infront of him and ftep on it
No disrespect meant here. Why am I laughing at the fact that you put Fs in for Ss? Every time I read that, and try to say it with the "F" sound, I start laughing. Are you going old school on us?
https://www.pcgs.com/SetRegistry/collectors-showcase/world-coins/one-coin-per-year-1600-2017/2422
<< <i>Cladiator,
No disrespect meant here. Why am I laughing at the fact that you put Fs in for Ss? Every time I read that, and try to say it with the "F" sound, I start laughing. Are you going old school on us? >>
LOL
Here ya go. Read this thread and you'll underftand everything
The key is hidden infide here
<< <i>fweeping the bourfe floor >>
Every time I say that, I laugh.
https://www.pcgs.com/SetRegistry/collectors-showcase/world-coins/one-coin-per-year-1600-2017/2422
...................................There goes all my nightime entertainment ...!!!.Gosh I'm gonna miss them guys...
Morgan, modern sets, circulated Kennedys, and Wisconsin error leaf quarter Collector
First (and only - so far) Official "You Suck" Award from Russ 2/9/07
I guess I'll have to get my ration of comedy at the Comedy Channel from now on.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
All items marked down from 300% retail to ONLY 225% retail!
Never will we have this low of a price again!
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
and it sets us apart from practitioners and consultants. Gregor
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
BST successful dealings with:MsMorrisine, goldman86
<< <i>Yes, this is the network that hosts "The Coin Vault" with Robert Chambers and some other dude.
Well, there goes my late night entertainment... >>
Gee, and I thought _I_ have a bunch of junk with no place to sell it....
My 1866 Philly Mint Set
They were the big buyers of that junk, er, I mean great stuff.
LSCC#1864
Ebay Stuff
It looks like we are now doomed to watching that Jimmy Gerstel guy on Tuesday and Saturday nights for our Coin Laughs. I will have to reset my Tivo when the end comes.
The next bunch i would love to see go under is HSN and Americas Store Talk about selling crap.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
<< <i>The fact of the matter is many of the people who posted in this thread if givin the opprotunity would sell coins at those levels if they had the buyers for it. Just cuz you can get 30 for a common circ morgan does not make you a crook. If they buyers are buying them then sell them! Now it may not be morally right, but the greed factor kicks in for alot of us. I know for one if I could sell my stuff at really good prices, like they get I would be inclined to try my luck at it. I know some shops will not even buy paper money since thats what thier clients ask for and then some pay 90% of market value to get bills. Every market is different, and so are prices on coins. >>
Sure, I would love to sell at the prices they do. Difference is that I don't hype stuff the way they do. That makes for all the difference in the world, to me at least. I also wouldn't feel good selling to the uninformed at some of their price levels (ie.....still being sold by the USMint proof sets for 50%+ over the Mint's price).
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
state of the economy etc.
People are not springing for the credit card for spur of the moment impulse buying like they used to. Just my opinion.
<< <i>I think people are watching their money more closely these days with gas prices and overall uneasiness about the
state of the economy etc.
People are not springing for the credit card for spur of the moment impulse buying like they used to. Just my opinion. >>
And a good opinion it is, I have a few friends that are in a hurry to pay down there debt right now and get out from under the high rates they are paying.
Debt is bad, credit card debt is very bad. If you can't pay for it when the bill comes then don't buy it.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
they will go somewhere else - maybe the jewelry channel
<< <i>
<< <i>Cladiator,
No disrespect meant here. Why am I laughing at the fact that you put Fs in for Ss? Every time I read that, and try to say it with the "F" sound, I start laughing. Are you going old school on us? >>
LOL
Here ya go. Read this thread and you'll underftand everything
The key is hidden infide here >>
Heh, I just thught your keyboard was broke.
No more $50 2006 clad proof sets.
I will miss the late night entertainment, but I'm glad they are one the way out. Now they need to ditch that tall lanky guy that hawks junk on HSN.
Ask me no questions, I'll tell you no lies.
Box of 20
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>
It looks like we are now doomed to watching that Jimmy Gerstel guy on Tuesday and Saturday nights for our Coin Laughs. I will have to reset my Tivo when the end comes.
>>
Is that the guy who's a dead ringer for Sandy Koufax?
<< <i>Shop At Home going off the air will be music to the ears of Jimmy Gerstel "Treasure Hunter" Dish Network. Example 1999 Clad Proof set only $139.00----OUCH >>
When Gerstel first hit the air his prices were very low and under all the shopping networks, but now he is in the clouds like the rest of them but he puts on a good show with his on the air antics are good for laughs, and when he teams up with that Barry Chaptel guy, it's a comedy act and a good old fashioned board walk sales pitchman routine. Not $500 not $400 not $300 not $200 Not even $250
Now they have that Laura girl doing the late night stuff and man can she talk non stop.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
I think most folks here would rather sleep well at night....
They probably realized they could get more by selling them on eBay and cutting the cost of the employees payroll.
If I only had a dollar for every VAM I have...err...nevermind...I do!!
My "Fun With 21D" Die State Collection - QX5 Pics Attached
-----
Proud Owner of
2 –DAMMIT BOY!!! ® Awards
I have to admit I like watching Mike....
I found Chambers and his sidekick somewhat disturbing, but that's just me. At least I can immediately peg Mike for what he is...a snake oil salesman. I find him to be much slicker and more likeable and unless you pick up on some of his wordsmithing you'd never know that he's selling you stuff that's waaaay overpriced and not rare at all.
Nevertheless I find both shows to be highly entertaining and I marvel at the sales numbers. These guys are living proof that PT Barnum was absolutely right.
Chicolini: Mint? No, no, I no like a mint. Uh - what other flavor you got?