Founded 1993 | ||
Headquarters Irvine, California, United States | ||
Access Television Network (ATN) was a company based in Coral Gables, Florida that distributed infomercials and other paid programming to about 300 cable television systems and attracted more than 35 million households at its peak. The satellite television channel was generally broadcast by cable systems on existing channels during the early morning hours when no regular programming was scheduled. In late 2002, ATN expanded with the purchase of the Product Information Network (PIN), a similar 24-hour cable infomercial network.
History
ATN was founded by William Bernard in 1993 in Irvine, California. It had over 200 shareholders which included a venture capital firm Spectrum Equity Investors and the Hearst Family Fund. ATN bought out Spectrum Equity with a loan through Wells Fargo Foothill. This loan was in turn purchased by Gladstone Capital who is the current largest debt holder of ATN.
In early 2012 ATN ceased operations as it could no longer generate sufficient revenues to pay its affiliates and satellite transponder obligations. George Henry filed a Chapter 7 bankruptcy for Pacific Media Direct LLC on July 13, 2012.