Cable programmer Q1 results: HSN sales rose 5 percent...
Cable programmer Q1 results: HSN sales rose 5 percent to $747.3 million, from the year-ago quarter, as the average price for which the home-shopping channel sold products rose 2 percent to $64.69. Operating income rose 20 percent to $49.7 million.…
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… Martha Stewart Living sales fell 5.3 percent to $49.8 million amid “an anticipated decrease” of 31 percent to $5.4 million in cable sales “due to lower levels of new programming for Hallmark Channel,” the company said Wednesday. The company should return to profitability this year because of reduced costs for that platform, it said. The operating loss narrowed to $4.2 million from $6.8 million.