Back9 Network "Suspends" Operations

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According to an unbylined Hartford Business Journal story, Back9 Network has "suspended operations" due to a "temporary shortfall in capital."

From the item:

"Management and the board of directors are planning next steps and will continue their efforts to secure long-term, operating capital," Back9 said.

A spokesman said Monday morning that the company would not comment further on its situation.

The announcement comes after a slew of challenges the fledgling media company has faced since its programming went on the air at DirecTV in September.

Back9 cut its workforce by 40 percent in late January.