April 17 (UPI) -- The parent company of QVC, which owns the QVC and Home Shopping Network group of shopping channels, plans to file for chapter 11 bankruptcy protection. QVC Group is entering into a restructuring agreement with the holders of its $6.6 billion of debt amid declining revenue in the last several years because of increased competition from social media and internet shopping sites. The company said in a press release that all of its brands -- QVC, HSN and Cornerstone Brands --