# QVC Group > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/QVC_Group > Markdown URL: https://mediated.wiki/source/QVC_Group.md > Source: https://en.wikipedia.org/wiki/QVC_Group > Source revision: 1354218823 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) **QVC Group** (formerly **Qurate Retail, Inc.**, also known as **Qurate Retail Group**), is an American [media conglomerate](/source/Media_conglomerate) controlled by company chairman [John C. Malone](/source/John_C._Malone), who owns a majority of the [voting shares](/source/Common_stock).[needs update] ## History ### 1998 launch by Liberty Media Originally a division of [Liberty Media](/source/Liberty_Media), Liberty Interactive was spun-off by Liberty Media on September 28, 1998, to form its own entity entitled. The division was formed with the purpose of taking advantage of emerging technologies, such as set-top boxes, to develop [interactive](/source/Interactivity) programming. The company initially owned 86% of TCI Music Inc. ([NASDAQ](/source/NASDAQ) symbol: TUNE/TUNEP). As of January 1999, [E!](/source/E!) President and Chief Executive Officer Lee Masters became the new company's CEO, and Bruce Ravenel became the [Chief Technology Officer](/source/Chief_Technology_Officer).[1] On September 10, 1999, TCI Music was renamed Liberty Digital Inc. (NASDAQ symbol: LDIG), with the new company trading on NASDAQ's National Market tier, after Liberty Media traded most of its internet content, interactive television assets, and rights to provide AT&T's cable systems with interactive services, plus cash and notes valued at $150 million, for TCI Music stock.[2] Masters, who became Liberty Digital's CEO, told *[The Wall Street Journal](/source/The_Wall_Street_Journal)* that the new company had a value of $1 billion, $650 million of that from the interactive unit of Liberty Media, which had also used the name Liberty Digital.[3] Liberty Digital lost $244 million with revenue of $66 million in 1999, thanks to investments in struggling Internet businesses [HomeGrocer](/source/HomeGrocer), [drugstore.com](/source/Drugstore.com), [TiVo Corporation](/source/TiVo_Corporation), and [iVillage](/source/IVillage). The company bought half of the [Game Show Network](/source/Game_Show_Network) because of its interactive features.[4] On December 17, 1999, TCI Satellite Entertainment Inc. (TSAT), based in [Englewood](/source/Englewood,_Colorado), [Colorado](/source/Colorado), announced that Liberty Media was trading its interest in Sprint PCS for $300 million in TCI Satellite [preferred stock](/source/Preferred_stock). A new company, ninety percent owned by Liberty Media and ten percent owned by TCI Satellite, would combine the satellite-related businesses and take advantage of the growing area of Internet content.[5] ### Spin-offs In 2004, IAC/Interactive announced the [spin-off](/source/Corporate_spin-off) of its travel site [Expedia](/source/Expedia) into the new company Expedia. [Barry Diller](/source/Barry_Diller) remained the head of IAC/Interactive and the chairman of Expedia,[6] a move that was completed in 2005.[7] In November 2007, Liberty Media announced four major spin-offs: [HSN](/source/Home_Shopping_Network), [Ticketmaster](/source/Ticketmaster), Interval (vacation and time-share business) and [LendingTree](/source/LendingTree). All spun off companies became publicly traded. IAC retained most of its emerging internet businesses: [Ask.com](/source/Ask.com), [Evite](/source/Evite), [Match.com](/source/Match.com), [Vimeo](/source/Vimeo), [Citysearch](/source/Citysearch) and [Zwinky](/source/Zwinky). All spun off units remained headed by Barry Diller.[8][9] In 2010, Liberty Media announced that it would spin off Liberty Starz and Liberty Capital into separate entities.[10][11] In October 2014, Liberty Interactive spun off [BuySeasons](/source/BuyCostumes.com) and its stake in TripAdvisor into a new company, Liberty TripAdvisor Holdings.[12] In 2016, Liberty Interactive announced that it completed spin off of CommerceHub as a separate company and its interests in Expedia and [Bodybuilding.com](/source/Bodybuilding.com) into a new company, Liberty Expedia Holdings.[13] ### 2010s sales and acquisitions In July 2014, Liberty Interactive announced it would be selling Provide Commerce (parent of [ProFlowers](/source/ProFlowers)) to [FTD](/source/Florists'_Transworld_Delivery) in return for an equity stake in FTD.[14] In October 2014, Liberty Interactive announced its board had approved the division of the firm into two trading stocks – one for its shopping business, QVC Group, and another for its digital commerce, Liberty Digital Commerce, which would trade as Liberty Ventures Group.[15] In April 2017, Liberty Interactive announced it would acquire Alaskan cable company [GCI](/source/GCI_(company)).[16] On July 6, 2017, Liberty Interactive announced that it would purchase the remaining 62% of [HSN](/source/Home_Shopping_Network) stock that it didn't already own, in a $2.1 billion all-stock deal at $40.36 a share.[17][18][19] In July 2017, Liberty Interactive announced that later that year it would spin off its "cable holdings and other non-retail assets" into the new company Liberty Ventures, with Liberty Interactive to be renamed QVC Group. QVC Group would consist of QVC, HSN, Cornerstone Brands, and [Zulily](/source/Zulily).[20] On March 1, 2018, Liberty Interactive Corporation announced that it would rename itself to Qurate Retail Group.[21][22][23] ### 2020s In July 2021, Qurate Retail announced that former president and CEO Mike George would be replaced by David Rawlinson II on October 1 of the same year.[24][25] In May 2023, Qurate Retail Group's stock was facing a delisting from the Nasdaq if share prices are unable to rebound, as their stock has declined over 80% over the past year.[26] To avoid delisting, Qurate Retail announced the sale of Zulily to [Regent, L.P.](/source/Regent,_L.P.)[27] In October 2023, CreditRiskMonitor reported that Qurate Retail Group was nearing a potential [Chapter 11 bankruptcy](/source/Chapter_11_bankruptcy) filing.[28] On February 21, 2025, Qurate Retail Group officially changed its name to QVC Group. On April 15, 2026, QVC Group warned that it was preparing to file for [Chapter 11 bankruptcy](/source/Chapter_11_bankruptcy) as soon as the end of that day, citing steadily viewer declines and debt burdens. QVC Group plans to enter a prepackaged restructuring support agreement with its creditors and exit Chapter 11 bankruptcy within no later than 90 days, or by around July 2026.[29] On April 16, QVC Group filed for Chapter 11 bankruptcy protection in the [United States District Court for the Southern District of Texas](/source/United_States_District_Court_for_the_Southern_District_of_Texas) with plans to reduce over $5 billion in long-term debt, which will allow for the company to continue operating while having over $1 billion in debt remaining.[30] ## Activities - QVC Group: [QVC](/source/QVC), Inc., [HSN](/source/HSN), Cornerstone Brands - Interests in: [Brit + Co](/source/Brit_%2B_Co), [FTD](/source/Florists'_Transworld_Delivery), giggle, [ILG](/source/ILG,_Inc.), Liberty Broadband, [LendingTree](/source/LendingTree), [Quid](/source/Quid_Inc.) ## See also - [List of Colorado companies](/source/List_of_Colorado_companies) ## References 1. ["Liberty Media Forms Interactive Venture (Press release)"](https://web.archive.org/web/20071017205603/http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=%2Fwww%2Fstory%2F04-16-1999%2F0000910826&EDATE=). *[PR Newswire](/source/PR_Newswire)*. Archived from [the original](http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/04-16-1999/0000910826&EDATE=) on 2007-10-17. Retrieved 2019-09-06. 1. ["TCI Music and Liberty Media Complete Transaction (Press release)"](https://web.archive.org/web/20071017211012/http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=%2Fwww%2Fstory%2F09-10-1999%2F0001019050&EDATE=). *[PR Newswire](/source/PR_Newswire)*. Archived from [the original](http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-10-1999/0001019050&EDATE=) on 2007-10-17. Retrieved 2019-09-06. 1. ["Liberty Media, TCI Form Internet Group – InternetNews."](http://www.internetnews.com/bus-news/article.php/93631/Liberty%20Media%20TCI%20Form%20Internet%20Group.htm). *www.internetnews.com*. Retrieved 2015-04-24. 1. Doan, Amy (August 26, 2000). ["Liberty Is Sweet on Interactive TV"](https://www.forbes.com/2000/08/26/feat.html). *[Forbes](/source/Forbes)*. Retrieved March 5, 2009. 1. ["TCI Satellite Entertainment, Inc. Announces Investment By Liberty Media Corporation and Formation of Joint Venture (Press release)"](https://web.archive.org/web/20110831174521/http://www2.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=%2Fwww%2Fstory%2F12-21-1999%2F0001102058&EDATE=). *[PR Newswire](/source/PR_Newswire)*. Archived from [the original](http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-21-1999/0001102058&EDATE=) on 2011-08-31. Retrieved 2019-09-06. 1. ["Barry Diller's IAC/InterActive to Spin Off Expedia"](https://www.foxnews.com/story/barry-dillers-iac-interactive-to-spin-off-expedia/). *FOX News*. Reuters. 21 December 2004. Retrieved 30 August 2018. 1. ["IAC/InterActiveCorp (Nasdaq: IACI) today announced the successful completion of the spin-off of Expedia, Inc. to IAC shareholders"](https://viewfinder.expedia.com/news/iac-completes-spin-off-of-expedia-inc/). *Viewfinder*. 9 August 2005. Retrieved 30 August 2018. 1. Gershberg, Michele (5 November 2007). ["IAC to spin off four units, shares up"](https://www.reuters.com/article/us-iac/iac-to-spin-off-four-units-shares-up-idUSWNAS036220071105). *Reuters*. Retrieved 30 August 2018. 1. Fabrikant, Geraldine (6 November 2007). ["IAC/InterActive to Split Into 5 Companies"](https://www.nytimes.com/2007/11/06/technology/06diller.html). *New York Times*. Retrieved 30 August 2018. 1. [Liberty Media Will Spin Off Liberty Capital and Liberty Starz](https://www.aol.com/2010/06/21/liberty-media-spin-off-liberty-capital-liberty-starz/) 1. [company history – Liberty Media](http://www.libertyinteractive.com/overview/company-history.html) 1. ["Liberty Interactive files to spin off TripAdvisor stake"](https://www.reuters.com/article/us-libertyinteractive-divestiture/liberty-interactive-files-to-spin-off-tripadvisor-stake-idUSBREA450E320140506). *Reuters*. 2014-05-06. Retrieved 2017-09-24. 1. ["Liberty Interactive Corporation Announces Completion of CommerceHub Spin-Off"](https://www.qurateretail.com/news-media/press-releases/detail/291/liberty-interactive-corporation-announces-completion-of). *Qurate Retail*. 2016-07-22. 1. [FTD to buy Liberty Interactive's floral-gift business for $430M](https://www.bizjournals.com/denver/news/2014/07/30/ftd-to-buy-liberty-interactives-floral-gift.html) 1. ["Liberty Interactive splits into cable shopping, e-commerce groups"](https://www.reuters.com/article/us-liberty-intrctve-divestiture-idUSKCN0HS25820141003). Reuters. 6 October 2014. 1. ["Liberty Interactive Buys GCI of Alaska"](http://www.telecompetitor.com/liberty-interactive-buys-gci-of-alaska/). *Telecompetitor*. Retrieved 2017-09-24. 1. ["QVC to Acquire Rival HSN for More Than $2 Billion"](https://www.wsj.com/articles/qvc-to-acquire-rival-hsn-for-more-than-2-billion-1499343460). Wall Street Journal. 6 July 2017. 1. ["QVC buying longtime rival Home Shopping Network in deal valued at $2.1 billion"](https://www.cnbc.com/2017/07/06/liberty-interactive-to-buy-hsn-in-deal-valued-at-2-point-1-billion.html0). CNBC. 6 July 2017. 1. Isidore, Chris (6 Jul 2017). ["QVC buying rival Home Shopping Network"](https://web.archive.org/web/20170706165026/http://money.cnn.com/2017/07/06/news/companies/qvc-home-shopping-network/index.html). CNN Money. Archived from [the original](https://money.cnn.com/2017/07/06/news/companies/qvc-home-shopping-network/index.html) on July 6, 2017. Retrieved 6 July 2017. 1. Bond, Shannon & Kwan Yuk, Pan (July 6, 2017). ["Liberty to combine QVC and HSN in $2.1bn deal"](https://www.ft.com/content/98bf8ecc-6260-11e7-8814-0ac7eb84e5f1). *[Financial Times](/source/Financial_Times)*. Retrieved July 9, 2017. 1. ["Liberty Interactive to Change Name to Qurate Retail Group"](https://www.prnewswire.com/news-releases/liberty-interactive-to-change-name-to-qurate-retail-group-300606607.html). *www.prnewswire.com*. Retrieved 8 March 2018. 1. ["QVC owner Liberty Interactive to rebrand as Qurate Retail Group"](https://www.retaildive.com/news/qvc-owner-liberty-interactive-to-rebrand-as-qurate-retail-group/518365/). *Retail Dive*. Retrieved 2023-11-16. 1. Spangler, Todd (2018-03-01). ["John Malone's Liberty Interactive, Owner of QVC and HSN, to Rename Itself 'Qurate'"](https://variety.com/2018/biz/news/liberty-interactive-qurate-retail-group-qvc-hsn-1202714220/). *Variety*. Retrieved 2023-11-16. 1. ["Qurate Retail, Inc. Announces David Rawlinson II as Next President and CEO"](https://www.businesswire.com/news/home/20210713005421/en/Qurate-Retail-Inc.-Announces-David-Rawlinson-II-as-Next-President-and-CEO). *www.businesswire.com*. 2021-07-13. Retrieved 2021-07-13. 1. Kapner, Suzanne (2021-07-13). ["Owner of QVC and HSN Hires David Rawlinson as Its Next CEO"](https://www.wsj.com/articles/owner-of-qvc-and-hsn-hires-david-rawlinson-as-its-next-ceo-11626176700). *Wall Street Journal*. [ISSN 0099-9660](https://www.worldcat.org/issn/0099-9660). Retrieved 2021-07-13. 1. ["QVC, HSN parent Qurate Retail Group faces delisting from Nasdaq is share price doesn't rebound"](https://www.bizjournals.com/philadelphia/news/2023/05/03/qvc-hsn-qurate-retail-stock-price-delisting.html). *The Business Journals*. May 3, 2023. Retrieved October 3, 2023. 1. ["Qurate Retail Announces Sale of Zulily to Regent"](https://www.businesswire.com/news/home/20230524005919/en/Qurate-Retail-Announces-Sale-of-Zulily-to-Regent). May 24, 2023. Retrieved May 24, 2023. 1. ["11 retailers at risk of bankruptcy in 2023"](https://www.retaildive.com/news/retailers-at-risk-of-bankruptcy-2023/694548/). *Retail Dive*. October 2, 2023. Retrieved October 3, 2023. 1. Basu, Reshmi & Randles, Jonathan (2026-04-15). ["TV-Shopping Network QVC Plans to File Bankruptcy Imminently"](https://www.bloomberg.com/news/articles/2026-04-15/tv-shopping-network-qvc-plans-to-file-bankruptcy-imminently). *Bloomberg*. Retrieved 2026-04-15. 1. Basu, Reshmi (2026-04-16). ["QVC Shopping Channel Files Bankruptcy to Cut $5 Billion of Debt"](https://www.bloomberg.com/news/articles/2026-04-16/qvc-shopping-channel-files-bankruptcy-to-cut-5-billion-of-debt?srnd=homepage-americas&embedded-checkout=true). *Bloomberg*. Retrieved 2026-04-16. ## External links - [Official website](https://www.qvcgrp.com) --- Adapted from the Wikipedia article [QVC Group](https://en.wikipedia.org/wiki/QVC_Group) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/QVC_Group?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.