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1 revisions for "The End of the Home Shopping Era: QVC Group Files for Bankruptcy Under $6.6 Billion Debt Load"

QVC Group, the parent company of television shopping networks QVC and HSN, filed for Chapter 11 bankruptcy on April 16, 2026, in a prepackaged deal to slash its $6.6 billion debt to $1.3 billion. The filing marks the highest-profile casualty yet in a wave of cable network closures driven by cord-cutting, competition from TikTok Shop and Amazon, and a customer base that has nearly halved since 2020.