ShopNBC to consider strategic alternatives

By Lisa Kerner

Charlotte, N.C., Sept. 11 - ShopNBC appointed a special committee of independent directors to review strategic alternatives for the company with the assistance of Piper Jaffray & Co.

The special committee will include two current directors, George A. Vandeman and Robert J. Korkowski, as well as a third independent director yet to be appointed to the board, a company news release said.

Vandeman is the committee chairman.

The Minneapolis-based shopping network cautioned there is no guarantee the review process will result in a transaction.

ShopNBC is owned and operated by ValueVision Media Inc., an integrated direct marketing company based in Eden Prairie, Minn.

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