NEW YORK -- Home Shopping Network Wednesday reported a net loss of $1.7 million in the fourth quarter ended Dec. 31. The loss reflected the charges from settling 12 separate shareholder suits in Delaware and Florida.

Sales in the quarter declined 8.3 percent to $296.4 million from $273.7 million, the company said.

Last year, the St. Petersburg, Fla.-based shopping network reported a profit of $4.3 million, or 5 cents a share. Sales for the year declined 2 percent to $1 billion from $1.1 billion.

A spokeswoman for HSN said the company is making "across the board" changes, including a greater emphasis on brand name products as well as private label, revamping the on-air look, streamlining shipping, offering fewer items priced at $10 or less, and adding petites and more fashion lines.

In a separate matter, National Media Corp., an infomercial production and distribution company based in Philadelphia, reported a net loss of $4.3 million for its third quarter ended Dec. 31.

Net revenues in the quarter were $38.8 million, up 7.4 percent over last year's quarter.

The loss reflected nonrecurring charges totaling $2 million, partly related to the relocation of National Media's fulfillment center to Phoenix. Also contributing to the loss was the negative effect of significantly higher costs of media time in the infomercial market, the company said.

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