-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CBStpiQ9DR9va4bVi/zvcH0D3KkCzu1Her4DyI3PQTn5+Oe3srqU63r3bLuHpjgh Yo7Jukuqsv7uMqwfupPBFg== 0000950152-09-002802.txt : 20090507 0000950152-09-002802.hdr.sgml : 20090507 20090318181721 ACCESSION NUMBER: 0000950152-09-002802 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALUEVISION MEDIA INC CENTRAL INDEX KEY: 0000870826 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 411673770 STATE OF INCORPORATION: MN FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 6740 SHADY OAK RD CITY: MINNEAPOLIS STATE: MN ZIP: 55344-3433 BUSINESS PHONE: 6129475200 MAIL ADDRESS: STREET 1: 6740 SHADY OAK RAOD CITY: EDEN PRAIRIE STATE: MN ZIP: 55344-3433 FORMER COMPANY: FORMER CONFORMED NAME: VALUEVISION INTERNATIONAL INC DATE OF NAME CHANGE: 19930328 CORRESP 1 filename1.htm CORRESP
         
(SHOPNBC LOGO)
 
 
    ValueVision Media, Inc.    
 
       
 
    6740 SHADY OAK ROAD    
 
    EDEN PRAIRIE, MN 55344    
 
       
 
    www.shopnbc.com    
 
       
 
    Nathan E. Fagre    
 
    Senior Vice President and General Counsel    
 
    Tel: (952) 943-6117    
 
    Fax: (952) 943-6111.    
March 18, 2009
         
U.S. Securities and Exchange Commission   BY EDGAR AND OVERNIGHT DELIVERY
100 F Street, N.E.    
Washington, DC 20549    
Attention:
  Mr. H. Christopher Owings    
 
  Assistant Director    
     Re:   ValueVision Media, Inc.
Form 10-K for the Fiscal Year Ended February 2, 2008
Filed April 29, 2008
Forms 10-Q for Quarters Ended May 3, August 2 and November 1, 2008
Filed June 12, September 11 and December 11, 2008
Definitive Proxy Statement filed on Schedule 14A
Filed May 21, 2008
File No. 000-20243          
Ladies and Gentlemen:
     On behalf of ValueVision Media, Inc. (the “Company”), I am pleased to submit this response to the comments of the Staff on the above-referenced filings, as set forth in Mr. Owings’s letter to Keith R. Stewart dated March 13, 2009.
     In addition to the Company’s responses set forth herein, the Company understands that it will need to consider the Staff’s comments in its future reports on 10-Q and 10-K and its future definitive proxy materials. For convenience, the Staff’s comment is set forth below, followed by the Company’s responses.
     Pursuant to the Staff’s request, the Company hereby represents that (i) it is responsible for the adequacy and accuracy of the disclosure in the filings, (ii) Staff comments or changes to disclosure in response to Staff comments do not foreclose the Securities and Exchange Commission (the “Commission”) from taking any action with respect to the filings, and (iii) the Company may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

 


 

U.S. Securities and Exchange Commission
Page 2
DEFINITIVE PROXY STATEMENT ON SCHEDULE 14A
Certain Transactions, page 35
1.   Comment: We note your response to comment eight from our letter dated January 30,2009. We note your statement that the audit committee has “...historically...” only approved related person transactions deemed fair to the Company based at least, in part, on a determination that the terms of the transaction are comparable to those terms the company could have obtained from an unaffiliated third party. Notwithstanding this statement, please affirmatively disclose whether the terms of these agreements are comparable to those you could have obtained from unaffiliated third parties.
 
    Response: The Company confirms that it believes the agreements disclosed in the 2008 proxy statement under Certain Transaction beginning on page 35 are on terms comparable to those that the Company could have been obtained from an unaffiliated third party. Although not required by Item 404 of Regulation S-K, going forward the Company will disclose the audit committee’s determination as to whether any related person transaction described pursuant to Item 404 is on terms comparable to those that the Company could have been obtained, if at all, from an unaffiliated third party.
          If the Company can facilitate the Staff’s review of this letter, or if the Staff has any questions on any of the information set forth herein, please telephone me at (952) 943-6117. My fax number is (952) 943-6111.
         
  Sincerely,
 
 
  /s/ Nathan E. Fagre    
     
  Nathan E. Fagre
Senior Vice President and General Counsel 
 
 
cc:   Robert W. Errett, Staff Attorney, Securities and Exchange Commission
Keith R. Stewart, Chief Executive Officer, ValueVision Media, Inc.
Frank Elsenbast, Senior Vice President and Chief Financial Officer,
      ValueVision Media, Inc.
Peter J. Ekberg, Partner, Faegre & Benson LLP
Jonathan R. Zimmerman, Partner, Faegre & Benson LLP
Brian Mallaro, Partner, Deloitte & Touche LLP

 

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