Online Sales Help ValueVision in Quarter

ValueVision Media Inc. reported net income of $3.4 million for the first quarter, an improvement over a net loss of $7.3 million last year.

The television shopping channel reported revenue of $209.4 million for the quarter ended Feb. 4, up 20% over $175 million last year.

The Minneapolis firm reported a 36% increase in Internet sales, which now represent 23% of the firm