Prime Rate Investors, Inc. in Discussions to Establish a New York RSN Affiliate TV Station

By AlpineZone News |
Jul 21 2005 - 02:20 PM

HUNTER, New York ??” Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its subsidiary High Angle Media is in discussions with Time Warner Cable, a division of Time Warner (NYSE: TWX), to establish an RSN affiliate cable broadcast station in Hunter, NY, in the Northern Catskill mountains. Greene County, NY is the home of Windham Mountain and Hunter Mountain, the region’s premier ski resorts. The area is also famous for its waterfalls, views and vistas and was the focus of early literary figures and the artists of the famed Hudson River School of Painters. Steeped in history, the Catskills today offer ample opportunities for outdoor sports including rock climbing, mountain biking, fishing, camping, Nordic and alpine skiing and snowboarding.

“The Catskill region of New York offers a tremendous opportunity for us to extend the RSN brand and our model of affiliate operations,” said Prime Rate Investors Director Pierce Williams.

An article appeared today in The Daily Mail ( delineating the area’s support of the plan to establish the station. While other northeastern states have many RSN affiliates, New York has only one other – Adirondack TV-33 in Lake Placid, NY, “the Winter Sports Capitol of the World.” Adirondack TV-33, or ADK TV-33, is also a subsidiary of Prime Rate Investors, Inc.