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QVC NETWORK REPORTS 1991 REVENUES; CABLE SHOPPING RETAILER SHOWS 13 PERCENT INCREASE FOR FOURTH QUARTER

 QVC NETWORK REPORTS 1991 REVENUES; CABLE SHOPPING RETAILER SHOWS 13 PERCENT INCREASE FOR FOURTH QUARTER
 WEST CHESTER, Pa., Feb. 13 /PRNewswire/ -- QVC Network, Inc. (NASDAQ: QVCN) today reported its revenues for the fourth quarter and fiscal year ended Jan. 31, 1992.
 Net revenues for the fourth quarter rose 13 percent to $282 million, from net revenues of $250 million in the same period the year before.
 For the fiscal year, net revenues increased 19 percent to a record $922 million, from $776 million the previous year.
 QVC's net revenues exclude shipping and handling charges and also are net of reserves for returns.
 QVC Chairman Joseph M. Segel said he expects final audited figures, including earnings, to be reported by mid-March after completion of the year-end audit.
 The QVC cable shopping channels are now received by 42 million cable subscribers and 3 million satellite dish owners, representing approximately 50 percent of all the homes in the United States with TV sets.
 /delval/
 -0- 2/13/92
 /CONTACT: Joseph M. Segel, chairman of QVC Network, 215-430-1020/
 (QVCN) CO: QVC Network, Inc. ST: Pennsylvania IN: ENT SU: ERN


LJ-MP -- PH004 -- 9564 02/13/92 08:59 EST
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Publication:PR Newswire
Date:Feb 13, 1992
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