ShopNBC Strategic Alternatives Review Process and Preliminary Fiscal Fourth Quarter 2008 Results Conference Call Notice

MINNEAPOLIS, MN -- (MARKET WIRE) -- 01/20/2009 -- ShopNBC (NASDAQ: VVTV), the premium lifestyle brand in electronic retailing, today announced it will hold a conference call to present the results of its strategic alternatives review process, discuss preliminary fiscal fourth quarter and full year 2008 results, and provide an update on the business on Tuesday, January 27, 2009, at 10:00 a.m. ET.

The Company will release its preliminary fiscal fourth quarter and full year 2008 results before the market opens on Tuesday, January 27, 2009.

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

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Conference Call & Audio Streaming Information

To participate in the conference call, please dial 1-800-369-1740 (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 1-866-489-8055 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 7888068 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 multi-channel electronic retailer operating with a premium lifestyle brand. The shopping network reaches 72 million homes in the United States via cable affiliates and satellite: DISH Network channel 228 and DIRECTV channel 316. www.ShopNBC.com is recognized as a top e-commerce site. ShopNBC is owned and operated by ValueVision Media (NASDAQ: VVTV). For more information, please visit www.ShopNBC.com/IR.



Contacts:

Frank Elsenbast
Chief Financial Officer
952-943-6262

Anthony Giombetti
Media Relations
612-308-1190