The troubled Fashion Channel Network received some...

The troubled Fashion Channel Network received some much-needed cash. Video Marketing Network of Sarasota, Fla., will pay $6 million to acquire the Class A common stock of the Carson-based TV home shopping service, which sells clothes and accessories. The Fashion Channel lost $20 million in its first year of operation and its original three founders, Raymond L. Klauer, Wayne C. Smith and Charles W. Gee II, resigned earlier this year. Robert J. Murley, president and chief executive of VMN, will now head the Fashion Channel.