Hedge Fund and ValueVision Shopping Network Settle Differences

NYT – After a seven-month battle, the activist hedge fund Clinton Group and the Internet and shopping network ValueVision Media have settled their differences.

ValueVision announced a new chief executive officer and a new board of directors on Monday. Mark C. Bozek, a former chief executive of the Home Shopping Network, will take the helm of the company as Keith R. Stewart steps down. Robert Rosenblatt will take over as nonexecutive chairman, succeeding Randy S. Ronning.

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