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PROSPECTUS SUPPLEMENT Filed pursuant to Rule 424(b)(3)
To Prospectus Dated November 19, 1996, Registration No. 333-10511
as supplemented
$100,000,000
HOME SHOPPING NETWORK, INC.
5-7/8% Convertible Subordinated Debentures due March 1, 2006
and
Shares of Common Stock, Par Value $.01 Per Share,
Issuable Upon Conversion Thereof
This Prospectus Supplement (the "Supplement") relates to the resale by
LSM, Ltd. ("LSM"), Forest Fulcrum Fund, Ltd. ("Forest Ltd."), and Forest Fulcrum
Fund, LP ("Forest LP") of up to $260,000, $940,000 and $4,766,000 aggregate
principal amount, respectively, of 5-7/8% Convertible Subordinated Debentures
due March 1, 2006 (the "Debentures") of Home Shopping Network, Inc., a Delaware
corporation (the "Company"), originally issued in a private placement
consummated during March 1996, pursuant to the Company's Registration Statement
on Form S-3 (No. 333-10511) (the "Registration Statement"). This Supplement
should be read in conjunction with the Prospectus dated November 19, 1996, as
supplemented April 30, 1997 (the "Prospectus"), to be delivered with this
Supplement. All capitalized terms used but not defined in this Supplement shall
have the meanings given them in the Prospectus.
Based on information provided to the Company, the aggregate principal
amount of the Debentures that are currently beneficially owned by LSM, Forest
Ltd. and Forest LP are $260,000, $940,000 and $4,766,000, respectively, which
may be sold at this time pursuant to the Prospectus as supplemented hereby.
Additional information concerning the Selling Securityholders (including LSM,
Forest Ltd. and Forest LP) may be set forth from time to time in additional
supplements to the Prospectus. The total outstanding aggregate principal amount
of the Debentures is $100,000,000.
The closing price of the Common Stock of HSN, Inc., into which the
Debentures are now convertible, as reported on the Nasdaq National Market on
June 10, 1997, was $32.125 per share.
The Debentures will be subordinated to all existing and future Senior
Debt of the Company. At March 31, 1997, Senior Debt of the Company was
approximately $810,000. The Indenture contains no limitations on the incurrence
of additional indebtedness or other liabilities by the Company.
The Debentures are neither listed on a national securities exchange nor
quoted on an automated quotation system. However, the Debentures are eligible
for trading in the Private Offerings, Resales and Trading through Automated
Linkages ("PORTAL") Market. Debentures sold pursuant to the Registration
Statement will no longer be eligible for trading in the PORTAL Market.
The date of this Prospectus Supplement is June 13, 1997.
