Dolan Says He'll Just Take His Satellite TV Company And Go Home

from the it's-my-company-and-you-can't-have-it! dept

While many people thought that Cablevision's satellite TV division, Voom, had been sold to EchoStar, the details are that only the single satellite, itself was sold. The rest of the company still exists... and Charles Dolan, who fought the sale to the very end has decided that, gosh darnit, he's not giving it up yet. He's agreed to buy out the additional Voom assets himself and see what he can do about growing the company again. It's likely Cablevision's so happy to see it go (and not have to deal with shutting it down) that they gave Dolan a good price. This should increase the speculation over whether or not the Dolan family is going to sell off Cablevision itself. You have to imagine that's one family gathering that won't be much fun next holiday season. In the meantime, though, Charles Dolan finds himself with a satellite TV company, about 26,000 customers, lots of losses and (ooops) no satellites. It's likely that he'll quickly work out some sort of deal to lease space on a satellite to keep the service going and (well, he hopes) growing.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here

Subscribe to the Techdirt Daily newsletter

Comment Options:

  • Use markdown. Use plain text.
  • Make this the First Word or Last Word. No thanks. (get credits or sign in to see balance)    
  • Remember name/email/url (set a cookie)

Follow Techdirt
Special Affiliate Offer

Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it

Email This

This feature is only available to registered users. Register or sign in to use it.