BUSINESS
March 17, 1992
Silentradio Inc., a Chatsworth supplier of digital electronic signs used by advertisers, said it has tentatively agreed to merge some of its assets with those of Site-based Media Inc., a New York media software company that has been testing a system that delivers advertising on TV monitors in stores. Silentradio and Site-based Media have agreed in principle to team with NBC and food wholesaler Fleming Cos. Inc. to develop a silent TV system for stores.
BUSINESS
March 2, 1993
SilentRadio Inc., a Chatsworth-based provider of information services, said it is negotiating with a New York advertising firm to recover cash and other expenses after SilentRadio's abrupt departure from a joint venture. Last March, SilentRadio agreed with Site-Based Media Inc. of New York and some other parties to form a new network, called On-Site Media Inc., that would broadcast entertainment and commercials in supermarkets.
BUSINESS
May 19, 1992 | JILL BETTNER, SPECIAL TO THE TIMES
SilentRadio, a Chatsworth company whose moving electronic displays featuring news, entertainment and sports scores are in many post offices, banks and other businesses, is going into--what else--silent TV. Its new network, to broadcast both entertainment and commercials, would air first in supermarkets. In March, SilentRadio, the National Broadcasting Co., Fleming Cos., the nation's largest grocery wholesaler, and Site-Based Media Inc.
BUSINESS
March 22, 1994
SilentRadio Inc., a Chatsworth maker of electronic moving-message displays, said it completed a $1-million private placement of stock. The company said it would use the money for working capital purposes, including the production and sale of its products. The private placement, which was oversubscribed, was for a minimum of $250,000 and a maximum of $1 million.