News Summary

• QVC Group plans to seek Chapter 11 protection after years of declining sales, mounting debt and a shift in consumer shopping behavior toward mobile, social and lower-priced digital rivals.
• According to Britannica, QVC launched in 1986 as an alternative to the Home Shopping Network, founded by Joe Segel with backing that included Comcast’s Ralph Roberts.
• The first item sold on air was an $11.49 shower radio, which feels almost comically on-brand for a network that made ordinary household goods feel like breaking news.