Voom is now Dead!!


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In case if you did or did not know about voom's future:-(

Cablevision Shuts Down Voom Service

Satellite Television Service Launched In The Fall Of 2003

Mar 1, 2005 12:56 pm US/Central
NEW YORK (AP) Cablevision Systems is shutting down its high-definition satellite television service called Voom after failing to reach an agreement with its own chairman, who wanted to buy the remaining assets of the business.

The announcement from the Bethpage, Long Island-based company puts an end to a battle among members of the Dolan family, which runs Cablevision. Charles Dolan, the company's chairman and founder, wanted the Voom service, while his son James, who is CEO, opposed it.

Last week Cablevision said it would take $354.9 million in charges as it exited the satellite television business. Investors had long been skeptical of the plan. Cablevision was entering a high-stakes showdown against two entrenched and well-funded competitors, EchoStar Communications - which owns the DISH satellite T-V service, and The DirecT-V Group.

Voom failed to find an audience with consumers since being launched in the fall of 2003.

Cablevision says the Voom service had only 26,000 customers. It will continue providing service to its current Voom customers for at least 30 days.

Cablevision also owns New York's Madison Square Garden as well as the hockey Rangers and basketball Knicks. Cablevision is in the midst of a public showdown with New York Mayor Michael Bloomberg over Bloomberg's plans to build a stadium on Manhattan's West side, which would compete with the Garden.

(© 2005 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. )

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Username: Allic

Post Number: 7
Registered: Jan-05
voom is dead long live voom. well you can always use one of these. U2 playing in concert when

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