J. ANTHONY FORSTMANN TO JOIN BOARD OF HOME SHOPPING NETWORK, INC.
J. ANTHONY FORSTMANN TO JOIN BOARD OF HOME SHOPPING NETWORK, INC. ST. PETERSBURG, Fla., April 30 /PRNewswire/ -- Home Shopping Network, Inc. (NYSE: HSN), announced today the appointment of J. Anthony Forstmann to its board of directors. Forstmann currently is the chairman of The National Registry Inc. (NRI), a company involved in the development of technology and advanced applications for identity verification. HSN and NRI recently consummated a transaction making HSN a large minority investor in The National Registry Inc. In addition to his responsibilities at NRI, Forstmann is a managing director of J.A. Forstmann & Co., a Los Angeles-based merchant banking firm; a co-founder of Forstmann-Leff Associates, an institutional money management firm; and a director of Hunter Industrial Facilities, Inc. and Cities in Schools. Forstmann is a noted civic philanthropist and has received much recognition for his work with a variety of charitable organizations. Of Forstmann's appointment to the board, Roy M. Speer, chairman and chief executive officer of Home Shopping Network, Inc., stated, "We are very excited to have a noted businessman of Forstmann's stature join us on the board of HSN. His business acumen and fine standing in the investment community, coupled with his belief in technological innovation, will help us grow our company well into the 21st century." Forstmann's appointment expands the board from eight to nine members. -0- 4/30/92 /CONTACT: Home Shopping Network corporate communications department, 813-572-8585, ext. 7420/ (HSN) CO: Home Shopping Network, Inc. ST: Florida IN: REA SU: PER
JB-AW -- FL010 -- 5115 04/30/92 16:15 EDT
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|Date:||Apr 30, 1992|
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