News broke on Thursday, April 16, that the networks’ parent company, QVC Group, is reportedly filing for Chapter 11 bankruptcy protection. “As of the Petition Date, we intend to operate our businesses as a debtor-in-possession under the jurisdiction of the Bankruptcy Court in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court,” the company wrote in a filing with the Securities and Exchange Commission, per The Hollywood Reporter.
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