Cable Consortium Canoe Ventures Is Sinking, Says 'Post'

It's lost top execs and failed to attract dollars

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Three years ago, a consortium of major cable companies launched Canoe Ventures, a joint venture that would allow advertisers to buy targeted ads. But despite its $150 million investment and staff of 150 people, Canoe has fallen short of expectations and is now nearing failure, according to the New York Post.

So far, Canoe—which is financially backed by Comcast, Time Warner Cable, Cablevision, Cox, Charter, and Bright House—has failed in its efforts to increase ad revenue for the cable consortium.

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