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It was then that the venture capitalists seized control.
He also stressed that the venture needed to broaden its appeal.
It concluded that the venture "will bring benefits to viewers and consumers.
But Mr. Polakof said that the venture capital firm's expansive reach made it appealing.
Google had said that the venture would be ready by the end of the summer.
It now acknowledges that the venture has been much more difficult than it anticipated.
The company reiterated its belief that the venture could breach European Union state aid rules.
Halsall confirmed that the venture would shut, with the loss of five jobs.
Each side has had economists produce studies showing that the venture can or cannot be profitable.
Mr. Forbes has tried to reassure the board that the venture will not be discriminatory.
John McClellan, Monitor's head of telecommunications, concluded that the venture could work.
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