America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Tom Rollins who wrote (9653)	4/29/1998 8:38:00 AM
From: RagnBull	Read Replies (1) of 13594

I wonder if AOL will write off the $5 million loan. NEW YORK, April 29 (Reuters) - NetChannel Inc. is expected to shut down its Internet-via-TV service this weekend as it continues acquisition talks with America Online Inc. (NYSE:AOL), the Wall Street Journal reported Wednesday. NetChannel is a competitor to Microsoft Corp.'s (NASDAQ:MSFT) WebTV unit. NetChannel is epxected to inform its 10,000 subscribers within days that it will shutter the service less than a year after its launch, the Journal said, citing executives familiar with the plan. AOL has been helping to fund the closely held company since November, and has had serious talks about buying it in recent months, the paper said. A pact between the two could call for AOL to pay $20 million in cash, a figure that includes the $5 million it lent NetChannel in November, the Journal said. Copyright 1998, Reuters News Service

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