HSN, Inc. Completes Spin-off from IAC; Commences NASDAQ Trading Under Symbol HSNi

    ST. PETERSBURG, Fla., Aug. 21 /EMWNews/ -- HSN, Inc.

(HSNi), a leading multi-channel interactive retailer, today completes its

previously announced spin-off from IAC (Nasdaq: IACI), marking its debut as

an independent, publicly traded company. HSNi, whose shares have been

trading on a "when issued" basis under the symbol "HSNiV" since August 12,

2008, today begins "regular way" trading on the NASDAQ under the symbol

"HSNi."



    "HSNi comprises some of the most dynamic brands and experiences in

retailing today," said Mindy Grossman, CEO of HSNi. "As an independent

company, we'll be able to more fully convey HSNi's points of

differentiation, which we believe will result in a more accurate valuation

of our Company and greater value for our shareholders."

    About HSNi



    HSN, Inc. (Nasdaq: HSNi) is a leading interactive multi-channel

retailer, with eight unique, proprietary and compelling lifestyle brands.

HSNi offers innovative, differentiated retail experiences on TV, online, in

catalogs, and brick and mortar stores. The Company's two operating

segments, HSN and Cornerstone, have exceptional direct-to-consumer

expertise, shipping 50 million products and handling 50 million inbound

customer calls annually. HSN comprises the Company's TV network which

reaches 90 million homes and hsn.com, one of the top 10 most trafficked

e-commerce sites. Cornerstone consists of seven lifestyle brands (Ballard

Design, Frontgate, Garnet Hill, Improvements, Smith & Noble, The Territory

Ahead, and Travelsmith) that mail 400 million catalogs annually and operate

seven separate e-commerce sites. E-commerce currently comprises

approximately 33% of HSNi's sales. The Company is also the leader in

advanced TV technology in the U.S., with Shop By Remote available in more

than 15 million homes.