Description: Home Shopping Network (HSN) is an American broadcast, basic cable and satellite television network that is owned by HSN, Inc. (NASDAQ: HSNI), which also owns catalog company Cornerstone Brands. Based in St. Petersburg, Florida, United States, the home shopping channel has former and current sister channels in several other countries. HSN also has an online outlet at HSN.com. Mindy Grossman is the current CEO of the company.
History: The forerunner of HSN was launched by Lowell “Bud” Paxson and Roy Speer in 1982 as the Home Shopping Club, a local cable channel seen on Vision Cable and Group W Cable in Pinellas County, Florida. It expanded into the first national shopping network three years later on July 1, 1985, changing its name to the Home Shopping Network, and pioneering the concept of a televised sales pitch for consumer goods and services. Its competitor QVC was launched the following year.