C\NET gets money, boost from Paul Allen. (C/NET Inc.)
Multichannel News, November, 1994 by Gibbons, Kent
Start-up cable network C\NET: The Computer Network got a boost last week when it announced a "significant" investment from Microsoft Corp. co-founder and cyber-savvy entrepreneur Paul Allen.
Like most startups, C\NET needs both cash and shelf space. Its founder and CEO Halsey Minor, a former investment banker and publisher, is still negotiating the network's first carriage agreements with cable systems, C\NET president Kevin Wendle said. Wendle, a television producer and former programming executive at the Fox Network, said he was "very confident that we will be on the air in the first half of 1995."
C\NET would not disclose the amount of Allen's investment and would not say how much cash it has spent developing the network. Wendle said it generally...
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