The end for Channel Master


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Old 05-10-2003   #1
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The end for Channel Master

Channel Master are in Chapter 11 after failing to reduce increased losses and finally pulled the plug with debts close on $50million

They are hoping for a buyer but the chances of the complete plant and assets being secured is virtually zero.

Full report courtesy of NewsObserver

http://www.newsobserver.com/business...-2681892c.html
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Old 05-10-2003   #2
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My System: Sky+, DB 7000s, Gemini 4.3 in flash, Var on USB stick. Transparent 80cm Dish, Moteck SG2100 DiseqC motor, lots of legacy gear. Meters: Satlook Digital NIT, Unaohm EP313, Swires Annie 204 Spectrum, Rover ST-4 Spectrum.

Makes interesting reading CH, a couple of bad decisions and having all of your eggs in one basket.
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Old 05-10-2003   #3
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And management believing that the broadband revolution would be an easy ride. The hype of a virtual communications network leading to material and financial success really didnt and still doesnt add up
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