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HSN posts losses

Home Shopping Network posted a loss for the fourth quarter and year as the St. Petersburg, Fla., shopping net struggled with tough times and legal problems.

For the quarter, HSN lost $ 1.7 million (2 cents), compared to net income of $ 4.3 million (5 cents) in the like period a year ago. Revenue was $ 296.4 million, up from $ 273.8 million.

For the year, the company lost $ 22.8 million (26 cents), compared to net income of $ 26.7 million (30 cents ) in 1992. Revenue was $ 1 billion, down from $ 1.1 billion.

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