It’s rumoured in the US that CBS Outernet are having significant problems and as a result are likely to kill off their Grocery TV business in the coming weeks. If they do close it of course that really just leaves them with GameStop (albeit 5,500 locations) and AutoNet TV.
With game sales dropping something like 25% during the recession that particular network is probably a tough sell, especially with regards footfall and we cannot believe that AutoNet TV would be any better with regard traffic.
We don’t need to tell you that the US economy is really biting now and we are likely to see many companies pull back from the market and networks disappear.
It’s rumoured also that Ripple TV may be in trouble and only have a few weeks left to live without some sort of new financial investment / fund raising. Ripple however have a habit of pulling a rabbit out of the hat at the last minute, see Manolo’s story back in March ‘Ripple TV Raises Another $4M‘ for example where he told us then that this was the “third time they had gone back to the money well”
If they need to do that for a fourth time there’s actually no betting against them.
About CBS Outernet
CBS Outernet, a division of CBS Corporation (NYSE: CBS.A and CBS), is a leading provider of customized digital video networks in highly trafficked retail environments. Its grocery network, encompassing network services, programming and advertising sales, is currently installed in over 1,500 stores nationwide, reaching approximately 80 million shoppers each month. The company’s grocery banners include Supervalu’s Albertsons, Acme, Shaw’s and Jewel, along with leading regional grocers SaveMart, Pathmark, Price Chopper, Big Y and Ukrop’s. Its GameStop TV network reaches over 4,300 nationwide GameStop stores trafficked by 24 million gaming and entertainment enthusiast shoppers each month. Through AutoNet TV, the company reaches over 5,000 auto service centers nationwide. CBS Outernet’s in-store TV networks now span over 10,800 locations reaching over 100 million monthly consumers. Additionally, the company reaches hundreds of millions of monthly viewers through programming and/or sales relationships with the Automotive Broadcasting Network (car dealership/service center waiting rooms), Atlanta’s MARTA commuter trains, Gas Station TV (gas station pump tops and convenience stores), The Healium Network (doctor and dentist offices), The Bite Network (quick service restaurants), the Mall of America, Simon Malls, Royal Caribbean Cruises and The Salon Channel, among others.