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Failed Golf Channel Back9Network Files for Bankruptcy

Submitted by jhartgen@abi.org on

A golf channel that briefly aired to DirecTV subscribers before shutting down in February has filed for bankruptcy with a $2 million offer for a small piece of its operations: a smartphone app that mapped out more than 35,000 golf courses around the world, the Wall Street Journal reported today. Officials who put Hartford, Conn.-based Back9Network Inc., into bankruptcy on Dec. 23 said that a handful of investors want to save the app and repay some of the channel’s debts, including a $4.75 million loan from Connecticut’s economic development agency. The channel, which aired briefly on DirecTV satellite network’s channel 262, said that it didn’t have enough money to get off the ground since its 2010 founding despite investors putting than $38 million to the company.