LodgeNet Interactive Corp., a provider of cable TV, on-demand movies, Nintendo video games and Internet services to hotels and hospitals, said that it will likely have to file for bankruptcy protection by the end of December, Reuters reported yesterday. LodgeNet said that it was unable to pay $26 million due to DirecTV and Home Box Office Inc. (HBO) on Monday but had agreed with them to postpone payment until Dec. 31 to allow it to continue negotiations with its lenders and a potential investor. LodgeNet, which has a market capitalization of $3.8 million, said it was unlikely it will be able to pay on Dec. 31 and would have to file for chapter 11 protection if the deadline was not extended.
