07.20.2006 08:00 AM
USDTV files for bankruptcy protection

Wireless cable competitor USDTV has filed for Chapter 7 bankruptcy protection and is negotiating with the bankruptcy court to allow it to continue operations so its assets can be sold.

The multichannel pay video service provider has about 16,000 subscribers in Albuquerque, NM, Dallas, Las Vegas, and Salt Lake City.

As of last week, USDTV was still on the air. In its service markets, USDTV leases DTV bandwidth from television broadcasters. Consumers must acquire a set-top box to receive USDTV programming.

Last year, USDTV received $26 million from several broadcast groups seeking a stake in the operation, including McGraw-Hill Broadcasting, FOX Television Group, Hearst-Argyle Television, LIN TV, Morgan Murphy Stations and Telecom DTV. However, the service has experienced slow acceptance among consumers as a viable alternative to cable services. USDTV estimates assets totaling between $1 million and $6 million and debts between $10 million and $50 million.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

D. Pagan Communications /   Friday 10:35 AM
Blue Line is Hot on the Trail of DPA Microphones
Clyne Media, Inc /   Thursday 09:51 PM
Focusrite Expands RedNet Range

Featured Articles
Discover TV Technology