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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): FEBRUARY 15, 1996
HOME SHOPPING NETWORK, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation of Registrant)
1-9118 59-2649518
(Commission File Number) (I.R.S. Employer Identification No.)
2501 118TH AVENUE NORTH
ST. PETERSBURG, FLORIDA 33716
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (813) 572-8585
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ITEM 5. OTHER EVENTS.
On February 15, 1996, Home Shopping Network, Inc. issued the press
release containing the following statement:
The Company stated that its borrowings under its revolving credit facility have
been reduced to $125 million as of February 13, 1996, compared to $135 million
at December 31, 1995. To reduce these borrowings further in order to provide
greater operating flexibility and to position HSN for future growth, the
Company said it is seeking $100 million of additional financing through a
proposed private placement of convertible subordinated debentures that will not
be registered under the Securities Act of 1933, although there can be no
assurance that such financing can be completed on terms satisfactory to the
Company. Any securities offered in such private placement may not be offered
or sold in the United States absent registration or an exemption from
registration requirements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: February 16, 1996
HOME SHOPPING NETWORK, INC.
(Registrant)
By: /s/ Kevin J. McKeon
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Name: Kevin J. McKeon
Title: Executive Vice President
and Chief Financial Officer
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