January 21, 2002
PSINet Stadium No More
Gone are the days when Internet companies could spend $94 million to emblazon their name across the facade of a sports stadium. In yet another reminder of the passing of the brief but heady technology euphoria of 1999, the Baltimore Ravens say they are seeking a new naming sponsor for PSINet Stadium.
PSINet, a bankrupt Internet service provider, is in the process of selling its assets. The company is unlikely to make any more payments on a 20-year deal. Thus, the Ravens ' loss to the Steelers Sunday marked the end of an era, erasing another fading monument to the Internet moment.
Posted by RichM at January 21, 2002 10:52 AMComments
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