Incablenet Cites Cash Crunch: Espn Dues

The Hindujas-controlled IndusInd Media & Communications, which runs the INCablenet cable distribution business, has cited its weakening financial condition due to ongoing litigation as the primary reason for not being able to pay its outstandings to ESPN Software.

ESPN and STAR Sports services to INCablenet have been discontinued due to unpaid dues of almost Rs 2 crore, ESPN Software had said on Friday.

IndusInd Media said in a statement on Saturday that it had apprised ESPN-Star Sports of its