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ShopNBC Third Quarter 2008 Earnings Release and Conference Call Notice

November 12, 2008

ShopNBC (NASDAQ: VVTV), a 24-hour television shopping network, today announced it will discuss third quarter 2008 results and provide an update on the strategic alternatives review process in a conference call on Wednesday, November 19, 2008, at 11:00 a.m. ET.

The Company will release its third quarter 2008 financial results after the market closes on Tuesday, November 18, 2008.

Hosting the call will be ShopNBC Chairman and Chief Executive Officer, John Buck, President and Chief Operating Officer, Keith Stewart, Chairman of the Special Committee, George Vandeman, and Senior Vice President and Chief Financial Officer, Frank Elsenbast.

Conference Call & Audio Streaming Information

To participate in the conference call, please dial 1-888-455-9646 (pass code: SHOPNBC) five to ten minutes prior to the call time. If you are unable to participate live in the conference call, a replay will be available for 30 days. To access the replay, please dial 1-866-470-4775 with pass code 7467622 (keypad: SHOPNBC).

You also may participate via live audio stream by logging on to https://e-meetings.verizonbusiness.com. To access the audio stream, please use conference number 1742627 with pass code: SHOPNBC. A rebroadcast of the audio stream will be available using the same access information for 30 days after the initial broadcast.

About ShopNBC

ShopNBC is a direct-to-consumer, multimedia shopping destination. The shopping network reaches 70 million homes in the United States via cable affiliates and satellite: DISH Network channel 228 and DIRECTV channel 316. ShopNBC.com is recognized as a top e-commerce site. ShopNBC is owned and operated by ValueVision Media. For more information, please visit www.ShopNBC.com.

 Contacts: Frank Elsenbast Chief Financial Officer 952-943-6262  Anthony Giombetti Media Relations 612-308-1190  

SOURCE: ShopNBC




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