Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 9 Months Ended
Sep. 30, 2011
Shareholders' Equity [Abstract]  
Shareholders' Equity

NOTE 11 – SHAREHOLDERS' EQUITY

Share Repurchase Program

On September 27, 2011, HSNi's Board of Directors approved a share repurchase program which allows HSNi to purchase 10 million shares of its common stock from time to time through privately negotiated and/or open market transactions. The timing of any repurchases and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, restrictions under HSNi's debt obligations and other market and economic conditions. The repurchase program may be suspended or discontinued by HSNi at any time.

Dividend Policy

On September 27, 2011, HSNi's Board of Directors approved a cash dividend of $0.125 per common share. HSNi anticipates the cash dividend will be funded from current cash and expected future cash flows. The dividend will be paid on November 16, 2011 to HSNi's record holders as of November 2, 2011.