Diller takes over QVC reins

It’s official. Barry Diller is chairman and chief executive at QVC Network Inc., the leading home-shopping cable channel.

As expected, Diller succeeds Joseph M. Segel, 62, who has been named to the post of chairman emeritus.

Aiming for top spot

When the former chairman and CEO of Fox Inc. plunked down $ 25 million last December for a 3.5% slice of QVC, he was negotiating for the top spot. (Daily Variety, Dec. 11, 1992)

Interactive TV

The lure for Diller is the promise of turning TV into a two-way interactive medium for viewers.

That will be possible soon with technological advances.

“Clearly, there’s no question Diller is going to be using QVC as a platform to take a role in the rapid emergence of a multichannel interactive TV universe, ” said Chris Dixon, a securities analyst with PaineWebber Inc.

QVC’s largest shareholders are Liberty Media and Comcast Corp., which own an estimated 53% of the West Chester, Pa.-based cable programmer.

Diller’s new position opens the way for him to receive 160,000 shares, under the terms of his original purchase. He will also receive $ 500,000 in annual salary.

Now, say analysts, the next move should be whether QVC merges with its major rival, the Home Shopping Network.

The two had talks last summer that went nowhere, but rumors persist. QVC boasts 40 million subscribers and $ 1 billion in sales, while HSN has 27.5 subscribers and $ 940 million in sales.

More TV

  • ABC Panel - Roseanne

    Roseanne Barr Talks ABC Firing in Emotional Interview: 'I Definitely Feel Remorse'

    It’s official. Barry Diller is chairman and chief executive at QVC Network Inc., the leading home-shopping cable channel. As expected, Diller succeeds Joseph M. Segel, 62, who has been named to the post of chairman emeritus. Aiming for top spot When the former chairman and CEO of Fox Inc. plunked down $ 25 million last […]

  • Univision logo

    Univision, Dish Spar Over Potential Blackout as Contract Deadline Looms

    It’s official. Barry Diller is chairman and chief executive at QVC Network Inc., the leading home-shopping cable channel. As expected, Diller succeeds Joseph M. Segel, 62, who has been named to the post of chairman emeritus. Aiming for top spot When the former chairman and CEO of Fox Inc. plunked down $ 25 million last […]

  • DISNEY CHANNEL PRESENTS THE 2018 RADIO

    Janet Jackson, Kelly Clarkson, Carrie Underwood Honored at Radio Disney Music Awards

    It’s official. Barry Diller is chairman and chief executive at QVC Network Inc., the leading home-shopping cable channel. As expected, Diller succeeds Joseph M. Segel, 62, who has been named to the post of chairman emeritus. Aiming for top spot When the former chairman and CEO of Fox Inc. plunked down $ 25 million last […]

  • Harry Kane of England celebrates scoring

    World Cup Live-Stream: How to Watch England vs. Panama

    It’s official. Barry Diller is chairman and chief executive at QVC Network Inc., the leading home-shopping cable channel. As expected, Diller succeeds Joseph M. Segel, 62, who has been named to the post of chairman emeritus. Aiming for top spot When the former chairman and CEO of Fox Inc. plunked down $ 25 million last […]

  • No Merchandising. Editorial Use Only. No

    'Portlandia': Fred Armisen and Carrie Brownstein Pick Their Proudest Musical Moments

    It’s official. Barry Diller is chairman and chief executive at QVC Network Inc., the leading home-shopping cable channel. As expected, Diller succeeds Joseph M. Segel, 62, who has been named to the post of chairman emeritus. Aiming for top spot When the former chairman and CEO of Fox Inc. plunked down $ 25 million last […]

  • NANTUCKET, MA - JUNE 23: (L-R)

    How Long Will TV and Film's Boom Market for Female Stories Last?

    It’s official. Barry Diller is chairman and chief executive at QVC Network Inc., the leading home-shopping cable channel. As expected, Diller succeeds Joseph M. Segel, 62, who has been named to the post of chairman emeritus. Aiming for top spot When the former chairman and CEO of Fox Inc. plunked down $ 25 million last […]

  • Actors Kit Harington and Rose Leslie

    'Game of Thrones' Stars Rose Leslie and Kit Harington Married in Scotland

    It’s official. Barry Diller is chairman and chief executive at QVC Network Inc., the leading home-shopping cable channel. As expected, Diller succeeds Joseph M. Segel, 62, who has been named to the post of chairman emeritus. Aiming for top spot When the former chairman and CEO of Fox Inc. plunked down $ 25 million last […]

More From Our Brands

Access exclusive content