Wireless-TV Outfit USDTV Pulls Plug

Moss, Linda
March 2007
Multichannel News;3/12/2007, Vol. 28 Issue 11, p14
The article reports on the closure of wireless television outfit USDTV following a series of setbacks in the U.S. The withdrawal of its major investor NexGen Telecom that also experienced a setback in another business has factored the shutdown, which will affect about 7,200 subscribers. According to USDigital CEO Steve Lindsey, the company failed to find bridge funding to tide it over until it could secure a larger cash infusion from investors.


Related Articles

  • USDTV Goes Belly Up. Higgins, John M. // Broadcasting & Cable;7/17/2006, Vol. 136 Issue 28, p38 

    Reports on the decision of USDTV to file for Chapter 7 bankruptcy protection. Number of subscribers of USDTV cable networks; Value of equities provided by broadcasters to USDTV; Business recovery plan for USDTV.

  • The Year in Governance. Kristie, James // Directors & Boards;2009 2nd Quarter Supplement, Vol. 33 Issue 4, p6 

    The article offers information on the elements that defined board oversight from January to December in the year 2008 which includes people, organizations, and events. Topics include chief executive officers losing their positions, investors suing third parties, and executive compensation...

  • Business with big-name local backers collapses. O'Reiley, Tim // Las Vegas Business Press (10712186);12/29/2008, Vol. 25 Issue 52, pP13 

    The article focuses on the filing of Chapter 7 bankruptcy by YourBuyer Inc. on November 26, 2008. It is inferred that the firm's intention to venture into construction materials business resulted to their downturn. The company's former Senior Vice President Cortney Smith alleged that the firm...

  • Bashas' Goes Into Chapter 11. Zwiebach, Elliot // SN: Supermarket News;7/20/2009, Vol. 57 Issue 29, p4 

    The article reports that family-owned company Bashas' Inc. has filed a voluntary petition for Chapter 11 bankruptcy protection last week. Mike Proulx, president and chief operating officer, said that with this move, the company expects to have a better financial position in the first quarter of...

  • Dancing with faceless men. James, David // BRW;May2003, Vol. 25 Issue 16, p52 

    Discusses the importance of maintaining investor confidence in extending the tenure of chief executive officers (CEO) in Australia. Effect of the capitalization of the stockmarket; Difference between a company's financial performance and the management of investor perception; Relationship...

  • American Apparel vows not to close stores after filing for bankruptcy protection.  // SCTWeek;10/9/2015, p1 

    The article reports that the American Apparel Inc. has filed for Chapter 11 bankruptcy protection in the U.S. It informs that the company is pursuing a reinvention strategy, which includes adding new stores in profitable, fast-growing territories while lowering its profile in the...

  • Deep trouble.  // Professional Engineering;5/20/2009, Vol. 22 Issue 9, p30 

    The article reports on the move of General Motors Corp. (GM) to prevent bankruptcy in Great Britain. It is said that the company's new chief executive officer (CEO) Fritz Henderson plans to cut faster and deeper into the GM's U.S. contribution network by the end of 2010. The company will...

  • Digital Upstart. LaGesse, David // U.S. News & World Report;4/24/2006, Vol. 140 Issue 15, pEE8 

    The article discusses Steve Lindsley, chief executive officer of U.S. Digital Television, and his company's experiment in digital television. New hardware enables the company to broadcast DVD-quality programming through an antenna, and is less expensive than cable and satellite packages. The...

  • Hold Your Horses. Universal Press Syndicate // National Review;2/11/2002, Vol. 54 Issue 2, p55 

    Discusses the reasons behind the financial difficulties of Enron Corp. Information that Kenneth Lay, who was chairman and CEO of Enron sold stock 350 times in a little over two years; Criticism of Enron's accountants; Question concerning information that Lay withheld from the shareholders.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics