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(PR NEWSWIRE) HSN, Inc. Completes Spin-off from IAC; Commences NASDAQ Trading Under Symbol HSNi


ST. PETERSBURG, Fla., Aug. 21 /PRNewswire-FirstCall/ -- HSN, Inc. (HSNi),
a leading multi-channel interactive retailer, today completes its previously
announced spin-off from IAC (Nasdaq: IACI), marking its debut as an
independent, publicly traded company. HSNi, whose shares have been trading on
a "when issued" basis under the symbol "HSNiV" since August 12, 2008, today
begins "regular way" trading on the NASDAQ under the symbol "HSNi."
"HSNi comprises some of the most dynamic brands and experiences in
retailing today," said Mindy Grossman, CEO of HSNi. "As an independent
company, we'll be able to more fully convey HSNi's points of differentiation,
which we believe will result in a more accurate valuation of our Company and
greater value for our shareholders."
About HSNi
HSN, Inc. (Nasdaq: HSNi) is a leading interactive multi-channel retailer,
with eight unique, proprietary and compelling lifestyle brands. HSNi offers
innovative, differentiated retail experiences on TV, online, in catalogs, and
brick and mortar stores. The Company's two operating segments, HSN and
Cornerstone, have exceptional direct-to-consumer expertise, shipping 50
million products and handling 50 million inbound customer calls annually. HSN
comprises the Company's TV network which reaches 90 million homes and hsn.com,
one of the top 10 most trafficked e-commerce sites. Cornerstone consists of
seven lifestyle brands (Ballard Design, Frontgate, Garnet Hill, Improvements,
Smith & Noble, The Territory Ahead, and Travelsmith) that mail 400 million
catalogs annually and operate seven separate e-commerce sites. E-commerce
currently comprises approximately 33% of HSNi's sales. The Company is also
the leader in advanced TV technology in the U.S., with Shop By Remote
available in more than 15 million homes.
SOURCE HSN, Inc.


Contact Information:
Media, Nancy Bushkin, [phone], [e-mail]; Analysts, Judy Sch
eling, [phone], [e-mail], both of HSN, Inc.

WebSite:
http://www.hsn.com