Financial Briefs

ValueVision Intl. Inc. said it plans to finance the acquisition of National Media Corp. through a private placement of units consisting of debt securities and warrants for ValueVision common stock.

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Home Shopping Network Inc. unveiled a computerized shopping segment on the Merchant, a CD-ROM catalog.

The company said the CD-ROM offers personalized shopping, featuring audio and video content on a computer disk.

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Gannett-owned KIIS-FM/AM is relocating from Hollywood, its home for the past 15 years, to Burbank. The station has signed a 10-year lease for a 17,500 -square-feet facility at 3400 Riverside Drive.

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People’s Choice TV Corp. said it bought from Indianapolis Cellular Television Co. the lease rights to 13 “wireless” cable television channels in the Indianapolis market, and other assets including office and transmission site leases and equipment.

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Jones Naughton Entertainment Inc. said it picked American Telephone & Telegraph Co. and IDB Communications Group Inc. to handle satellite uplink and distribution of Real Estate Television Network. Jones Naughton plans to launch the net in May.

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Premiere Radio Networks Inc. sold the five-sports programs it acquired last November to Major Networks Inc. for $ 2.7 million, ringing up a $ 1 million pretax profit on the deal. With that money, Premiere expects to post a first-quarter profit. Premiere also inked a three-year sales representation deal with Major for the shows for an additional fee. Premiere originally bought the shows, as well as four country music programs and one comedy program, from Olympia Networks.

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Live Entertainment Inc. declared a cash dividend of 12.5 cents a share for its series B cumulative convertible preferred stock. The dividend will be paid April 1 to shareholders of record as of today.

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