Activist investor Clinton Group, Inc., on Wednesday wrote a letter to Eden Prairie-based ValueVision Media urging the company to replace its allegedly poor-performing CEO and multiple board members.

The Clinton Group continues to pursue its effort to oust ValueVision Media’s CEO and some board members and is now threating possible legal recourse. The New York-based investment group previously ...

ValueVision Media, which operates as ShopNBC, announced a lower-cost revolving credit facility with its bank lender. The company also renewed three of its TV distribution agreements as a cost savings.