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Money from New York firm will finance company's move into digital cable IV programming
Austin-based WSNet Inc. has received $30 million in funding from an undisclosed private equity firm in New York.
WSNet bundles cable TV programming from such networks as Lifetime or MTV and then sells it to independent cable operators. Its customers aren't the users of cable but the operators that supply cable to rural areas and apartment complexes.
This latest round of financing will help finance WSNet's growth into a new arena. Cable traditionally has relied on analog signals sent via cable. Now, with digital technology, cable companies lay fiber-optic cable, …