Cablevision puts Voom back in business - No new information, Just a temporary Repriev

joep

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Dec 27, 2004
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http://www.libn.com/breakingNews_detail.cfm?id=3417

Cablevision puts Voom back in business Mar. 8 2005 -- 3:31:08 PM EST
by KEN SCHACHTER
BETHPAGE - In an indication that Cablevision Systems Chairman Charles Dolan has won at least a temporary reprieve for the company's satellite TV service, the Voom Web site was back in service Tuesday and customer service representatives were taking telephone orders.

On Monday, Dolan went before a reconstituted Cablevision board to make his case that Voom assets should be sold to his group, which includes a son, Thomas Dolan. The company, which had earlier shut down Voom's Web site, made no announcement after the board meeting about disposition of the Voom assets.

Cablevision earlier agreed to sell Voom's satellite to EchoStar Communications, the operator of Dish Network, for $200 million.

Charles Dolan, who controls Cablevision through ownership of super-voting stock, earlier this month replaced three directors who had voted to close Voom. Opposing Charles Dolan's continued efforts to revive Voom is his son James Dolan, chief executive of Cablevision.
 
He is reporting exactly what has occurred based on the press releases on Nasdaq and other news sites; a reprieve. And, Voom is resuming with new installs. Seems straight forward to me.
 
adidadi said:
He is reporting exactly what has occurred based on the press releases on Nasdaq and other news sites; a reprieve. And, Voom is resuming with new installs. Seems straight forward to me.
Not exactly...there is now a confirmed agreement with a March 31 deadline. See this...http://www.satelliteguys.us/showthread.php?t=56433

The article referenced in the first post here is old news dated today...and gives wrong impression...VoOm's customer service reps never stopped taking new orders...they've been doing it over the phone since the website was shut down, which I think was LAST Tuesday...and they've never stopped.
 
joep said:
BETHPAGE - In an indication that Cablevision Systems Chairman Charles Dolan has won at least a temporary reprieve for the company's satellite TV service, the Voom Web site was back in service Tuesday and customer service representatives were taking telephone orders.
The website was back in service last Friday night, it still (Tuesday 7:45pm ET) does not have GET IT reactivated so there is no change there.
CSRs never stopped taking orders (despite the announcements Voom made).

This author GOT LUCKY that today's reprieve came. It was a poorly researched article.

JL
 

No decision today

"Chuck Dolans Last Stand" (New York Post) 03.06.05

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