Judge Allows Excite@Home to Close

Share this article:
A bankruptcy judge said today that Excite@Home can shut down tomorrow afternoon, but cable companies that provide the high-speed Internet access are still trying to work out a deal to continue service.


AT&T Broadband, Cox Communications and Comcast Corp. were working on a deal by tonight's midnight deadline to allow service to temporarily continue so Excite@Home's four million subscribers would not be left without their broadband access.


The ruling was a win for Excite@Home's creditors, because AT&T's $307 million buyout offer for the financially-troubled high-speed service would not have been enough to pay Excite@Home's debts.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Day Two at DMA2014

Day Two at DMA2014

It was awards day in San Diego, with Teradata's Lisa Arthur being named Marketer of the Year, and Google Japan being feted for its direct mail prowess.

Today's Forecast: Chilly With a 10 Percent Lift in Parka Sales

Today's Forecast: Chilly With a 10 Percent Lift ...

The Weather Company launches a website offering marketers free advice on how to take advantage of shifts in the weather.

DMA 2014 Kicks Off Under New Management

DMA 2014 Kicks Off Under New Management

Thomas Benton and Jane Berzan will preside over an event indicative of an association serving a wider array of industry segments.