ValueVision Media, Inc. is an integrated multi-channel retailer that markets, sells and distributes its products directly to consumers through various forms of electronic media. The principal electronic media activity is its television home shopping business, which uses on-air spokespersons to market brand name and private label consumer products. The Company’s live around the clock television home shopping programming is distributed primarily through cable and satellite affiliation agreements and the purchase of month-to-month full- and part-time lease agreements of cable and broadcast television time. In addition, it distributes its programming through a company-owned full power television station in Boston, Massachusetts and through leased carriage on full power television stations in Pittsburgh, Pennsylvania and Seattle, Washington. It also markets an array of merchandise through its Internet retailing Websites, www.ShopNBC.com and www.ShopNBC.TV.