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/ 01.19.2005 12:00AM
Voom Goes on the Block
The New York Times reports that a major showdown at Cablevision Systems ended this week with the board of directors voting to put Voom up for sale. The showdown was between Cablevision founder Charles Dolan, to whom Voom has been a pet project, and son James Dolan, the company's CEO, who favors its sale.
Voom, the fledgling satellite television network that specializes in HDTV broadcasting, has lost more than $76 million, and has 26,000 subscribers. The company had planned to spin Voom off in December, but cancelled those plans. The other U.S. DBS networks, DirecTV and Echostar, have shown little interest in buying satellites from Voom.
Voom had recently announced the expansion of its satellite capacity.
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Thursday 12:00AM
Broadcasters File Suit Against FCC’s Political File Rules
“The FCC decision to put the political files online will bring broadcasters into the 21st century, and will make already public information more easily accessible to everyone.” Free Press Senior Policy Counsel Corie Wright.