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ValueVision Media (VVTV) Reports Q4 Earnings, Comments on Outlook

ValueVision Media, Inc. (Nasdaq: VVTV) reports Q4 EPS of $0.08 vs. consensus of $0.11. ValueVision's fourth quarter revenues were a record $216.7 million, an increase of 3.5% over last year. ValueVision's operating results should continue to improve in 2007. With our base business delivering consistent financial results, we are ready to focus on specific initiatives in 2007. We expect the initiatives below to enhance the long term growth prospects for ShopNBC. For fiscal 2007, sales are projected to grow at an above industry-average, high single-digit rate. Profitability is expected to continue to improve. We will also be investing in new web initiatives and marketing programs for customer acquisition and retention. EBITDA is expected to be in excess of $20 million, excluding the impact of stock option expense and equity income from Ralph Lauren Media, LLC (Polo.com).