WSNet sends programming to clients through a digital satellite platform. The company says it has 750,000 subscribers in apartments, nursing homes, college dormitories and small and rural cable companies in the United States.
"The additional capital demonstrates our investor's continued belief in the WSNet business plan and allows us too further reinforce our position in this specialized cable market," Stuart Lefkowitz, the company's chief operating officer, said in a prepared statement.
WSNet received $52 million in funding in early 2000 from a New York-based firm, which it has not identified, and Motorola Corp.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
