Sources: maniaTV Shuts Down
ManiaTV, which launched in 2004 as an attempt at melding live TV and the Web, has shut down operations, according to sources with firsthand knowledge of the company.
The Web video network had pared down its staff to fewer than 10 employees in recent weeks as it publicly sought a buyer. The staff was informed of the site’s closure on Monday (March 2).
The move to seek a buyer came as one of maniaTV’s core investors, Comerica Bank, chose to eliminate the company’s line of credit.
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