A former Time Warner Cable executive is backing a new live-TV over the Internet pay service aimed at businesses, similar to a service he once oversaw at the cable company.
Bhupender Kaul is CEO of RadixTV which, AdAge.com reports today, has launched the $14.99-monthly service. It's aimed at brokers and traders at financial institutions who get their information at their desktops, Kaul told AdAge. RadixTV now streams CNBC, CNBC World, Bloomberg TV and MSNBC, the magazine reported, but plans to expand the offering to 10 channels.
Kaul previously ran Time Warner Cable's enterprise business, which in 2007 launched a 10-channel IPTV service, also aimed at business customers in New York City, called Businesslink.tv. It was later discontinued and Kaul left in 2008 to launch RadixTV, which he is helping fund, the story said.