Mizlou Seeks Investors: Mizlou Communications Inc., seeking...

Mizlou Seeks Investors: Mizlou Communications Inc., seeking to calm reports that the company was in financial trouble, said it is negotiating with several cable companies about investing in Sports News Network, its fledgling cable TV channel. SNN was launched last February as an all-sports news channel but has been plagued by cost overruns for 10 months. Mark Wenzel, chief financial officer of Mizlou, said SNN is available in 8 million households and has contracts for another 10 million with cable system operators. In an effort to cut costs, SNN reduced its program staff to 150 from 180 and moved to new facilities in Edison, N.J.