Lowell “Bud” Paxson and Roy Speer founded the Home Shopping Club in 1982 as a local cable channel in Pinellas County, Florida.
Three years later it expanded nationally and was the first national shopping network, under the name Home Shopping Network.
In 1986 HSN began a second network that broadcast over the air on a number of television stations it had acquired under the name Silver King Broadcasting.
The stations were sold in 1999 to Barry Diller and again in 2001 to Univision Communications.
In 1999 the company launched hsn.com, which is one of the most trafficked e-commerce websites.
Today HSN is an interactive, multichannel retailer with two operating segments: HSN and Cornerstone. The company’s brands include Bllard Designs, Chasing Fireflies, Frontgate, Garnet Hill, Grandin Road, Improvements, and TravelSmith. HSN has 6,700 employees and had $3 billion in revenue in 2012.