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QVC Group, owner of TV shopping channels QVC and HSN, files for bankruptcy as part of a plan to cut more than $5B in debt; shares closed down 69% on Thursday (Reshmi Basu/Bloomberg)

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Reshmi Basu / Bloomberg:
QVC Group, owner of TV shopping channels QVC and HSN, files for bankruptcy as part of a plan to cut more than $5B in debt; shares closed down 69% on Thursday  —  Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt …