Broadstripe

In 1998, John Brooks, co-founder of Brooks Fiber Media, along with former Charter Communications, Inc. executives Kelvin Westbrook, Jeffrey Sander and Charles Prayer, Jr. formed Millennium Digital Media (Millennium.) In September 2006, Millennium named Bill Shreffler, president and chief executive officer.{{cite news| url=http://stlouis.bizjournals.com/stlouis/stories/2007/11/26/story3.html | first=Patrick L. | last=Thimangu | title=Shreffler boosts Broadstripe with $125 million acquisition | date=25 November 2007}} Millennium officially changed its name to Broadstripe in October 2007.{{cite news| url=http://stlouis.bizjournals.com/stlouis/stories/2007/10/01/daily13.html | first=St. | last=Louis | title=Millennium changes name to Broadstripe | date=1 October 2007}} In November of that year, Broadstripe attempted to acquire James Cable LLC of Bloomfield Hills, Michigan for $125 million, the deal eventually fell through between the two companies. Since then, the cable provider has reorganized its leadership team, adding a number of telecommunications industry veterans, including its chief executive Gustavo Prilick in August 2008.{{cite news| url=http://stlouis.bizjournals.com/stlouis/stories/2008/08/25/daily104.html | first=St. | last=Louis | title=Prilick new CEO of Broadstripe | date=29 August 2008}} According to an August 2009 article in the St. Louis Business Journal,{{cite news| url=http://www.bizjournals.com/stlouis/stories/2009/08/10/daily63.html | first=St. | last=Louis | title=Bankrupt Broadstripe overhauls management, spends $20M on network | date=14 August 2009}} Broadstripe spent nearly $20 million upgrading its network and overhauling customer care operations.

On January 2, 2009, Broadstripe filed for Chapter 11 bankruptcy protection in St. Louis, MO.{{cite news| url=http://stlouis.bizjournals.com/stlouis/stories/2008/12/29/daily43.html | first=Kelsey | last=Volkmann | title=Broadstripe files Chapter 11 | date=2 January 2009}} Growing mostly via acquisition, efforts to increase margins were unsatisfactory due to increased competition from satellite providers, and two land-line based competitors in Maryland. In an effort to reduce debt, management attempted to sell parts of the company to competitors, but was unsuccessful.Bankruptcy Court of Delaware, Chapter 11, Case No. 09-10006 (CSS)

The company has reported a $2.63 million net loss in September, 2010 on revenue of $7.68 billion. Depreciation and amortization for the month totaled $2.2 million. Also, Broadstripe was authorized in October to adopt a bonus program for 12 executives that may cost as much as $446,000. To qualify, the cable system for which the employees work must be sold.{{cite news| url=https://www.bloomberg.com/news/2010-11-03/boston-generating-fuddruckers-broadstripe-barzel-insight-bankruptcy.html | work=Bloomberg | first=Bill | last=Rochelle | title=Boston Generating, Lehman, TerreStar: Bankruptcy | date=3 November 2010}}

In February 2010, the company launched a 60-day, money-back guarantee program offering both new and existing residential customers 60 days to test new services from the cable provider’s offerings. According to the company, if the customer is not satisfied or has issues, Broadstripe will pay for the subscriber to restore service with their old provider.

On August 26, 2011 Broadstripe announced the sale of its Michigan cable system to WideOpenWest (WOW!). On the same date it announced the sale of its Oregon and Washington cable systems to WaveDivision's Wave Broadband unit. Its Maryland system was sold to Anne Arundel Broadband, and will be operated under the Broadstripe name by former Broadstripe Management. These sales closed on January 13, 2012.{{cite news

| last = Vargas

| first = Harold

| title = Broadstripe Communications exits cable business with sale to WaveDivision And WideOpenWest

| newspaper = Screen Digest i

| date = 26 August 2011

| url = http://www.screendigest.com/news/broadstripe_communications_exits_cable_business_with_sale_to_wavedivision_and_wi/view.html

| access-date =3 February 2012 }}{{cite web

| title = Broadstripe News

| date = 13 January 2012

| url = http://www.broadstripe.com/news.php

| access-date = 3 February 2012

| archive-url = https://web.archive.org/web/20120215184509/http://www.broadstripe.com/news.php

| archive-date = 15 February 2012

| url-status = dead

}}

In October 2014 WideOpenWest (WOW!) acquired a majority ownership in the Maryland system owned by Anne Arundel Broadband operating as Broadstripe, making Broadstripe a subsidiary of WOW!{{Cite web|last=October 2014|first=Jeff Baumgartner 16|title=WOW Means Business In Maryland|url=https://www.nexttv.com/news/wow-means-business-maryland-384798|access-date=2021-06-01|website=Multichannel News|date=16 October 2014|language=en}}

Broadstripe offers the following services:

• Digital Cable, which includes commercial-free music channels, pay-per-view movies and television shows, premium and High-Definition (HD) channels.
• Internet, offering speeds from 100 mbps-1000 mbps
• VoIP Phone Service

{{Reflist}}

{{Portal|United States|Companies}}

• [http://www.Broadstripe.com Home page]
• [https://web.archive.org/web/20110616082928/http://www.multichannel.com/article/326845-Broadstripe_Offers_Lifetime_Triple_Play_Price_Guarantee.php Multi-Channel News]
• [http://www.hometownlife.com/apps/pbcs.dll/article?AID=2009908130352 South Lyon Herald]{{Dead link|date=October 2023 |bot=InternetArchiveBot |fix-attempted=yes }}

{{CATV USA}}

Category:Cable television companies of the United States

Category:Companies that filed for Chapter 11 bankruptcy in 2009

Category:Broadband

Category:Companies based in Missouri

Category:Telecommunications companies established in 1998

Category:Defunct companies based in Missouri