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Spectravision Inc

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April 20, 1996 | Times Staff and Wire Reports
Ascent Entertainment to Buy Pay TV Provider: The Denver-based firm has agreed to acquire SpectraVision Inc., a Richardson, Texas-based provider of pay-television entertainment in hotel rooms that is currently operating under bankruptcy protection. The transaction will give creditors 27.5% of the new company in exchange for canceling $600 million in debt. Ascent Entertainment Group Inc. and minority shareholders of its On Command Video Corp. unit will own 72.
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BUSINESS
April 20, 1996 | Times Staff and Wire Reports
Ascent Entertainment to Buy Pay TV Provider: The Denver-based firm has agreed to acquire SpectraVision Inc., a Richardson, Texas-based provider of pay-television entertainment in hotel rooms that is currently operating under bankruptcy protection. The transaction will give creditors 27.5% of the new company in exchange for canceling $600 million in debt. Ascent Entertainment Group Inc. and minority shareholders of its On Command Video Corp. unit will own 72.
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