Music executive John Silva will move back to Gas Entertainment, their music management outfit that handles such artists as the Foo Fighters, Rage Against the Machine, Beck and the Beastie Boys. Credit Suisse First Boston has been retained to handle a sale.ĭEN executives declined to comment, but sources said Gersh and partner and Likely to begin searching for a buyer, even another Netcaster. Inside sources say the company isn't plagued by a lot of debt and it is Gersh DEN's chairman and Greg Carpenter its CEO and chief information officer, was seen as a last-ditch effort to turn things around. Shows, targeting niche audiences such as Christian teens and extreme-sports fanatics, were said to have cost as much as $100,000 for six-minute episodes.Īn IPO filing, which would have sought to raise $75 million, wasĪ new management shuffle, which made former Capitol Records president Gary Last month the company said it would halt production on its original slate of shows and acquire content from outside production houses to cut rising costs. Young audience, industry naysayers and investors with a flashy new site and original content, but financiers declined to pump more money into the start-up.ĭEN has raised $60 million to date. Trying for a comeback, DEN made a second attempt to appeal to its "Anyone in this space has taken their slings and arrows. "The people who really know this space are watching with interest," Problems were said to have hurt its fund-raising capabilities. Since its launch in 1998, the Santa Monica, Calif.-based site has been fiercely criticized for lavish spending on its two facilities and its top executives, management shuffles, and a sexual harassment lawsuit againstĬo-founder Marc Collins-Rector by a 20-year-old, which industry insiders said tainted the company's brand identity. Just last Friday, executives at the company including president David Neuman confidently renounced what they called false rumors of insufficient funding to operate into next month. So now, stay tuned as we get an inside look at Jaltest as well as the incredible minds behind this. Their products allow technicians to connect to trailer, light-medium commercial vehicle, construction, mining and earth-moving equipment, and even marine vessels. NOTE: This is an exclusive product of Lavish Home and ONLY Natural Sunlight Desk Lamp by Lavish Home are GUARANTEED to be genuine. In addition, the company offers diagnostic capabilities beyond on-road vehicles.
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co-chairman Terry Semel-said it plans to file for Chapter 11 bankruptcy protection as soon as possible. The Gen-Y Netcaster-backed by high-profile investors including Chase Capital Partners, Microsoft, Dell Computer, NBC and former Warner Bros. That it has run out of funding and can no longer pay employees. HOLLYWOOD, Calif.-It appears that DEN is done.ĭigital Entertainment Network told its 150 staff members late yesterday