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Credit Crunch Forces ManiaTV To Put Itself On The Block

imageThis one slipped out under the radar: digital content studio ManiaTV is searching for a buyer. The company retained investment bank Updata Advisors to shepherd the sale late last year, and has been meeting with potential buyers since January. CEO Peter Hoskins told TV Week that he was eager to close a deal within the next few weeks:

One Response to “Credit Crunch Forces ManiaTV To Put Itself On The Block”

  1. Frank ludlow

    This is what happens when you don't care about your product. Mania TV is a ponzi scheme. They were given "Online" advertising money through ad contacts, and spat out terrible content for dirty cheap – because their pay was attrocious, and because all employees work as actors for free. Good riddance to this awful company, and the scabs that work and run the place. See you in the bread line.