Hotel Entertainment, Internet Co. May Check Into Ch. 11

Law360, New York (December 17, 2012, 5:36 PM EST) -- Hotel entertainment and Internet services company LodgeNet Interactive Corp. will likely have to file for bankruptcy protection and restructure the company at year’s end if it’s unable to raise $26 million to clear up outstanding debts after years of struggle, a LodgeNet spokeswoman confirmed Monday. 

LodgeNet, which provides Internet and video services to 1.5 million hotel rooms, entered into an agreement to postpone payments of $26 million owed to Home Box Office Inc. and DirecTV until Monday, after being unable to free up the money to pay...
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