E* may have done them a favor....
If there were 1.2 million Voom subscribers on E* and they were paying $3+ a subscriber, they were only netting $30+million a month.....
If they were required to pay $100 million a month, you KNOW that Cablevision's subscriber weren't picking up the other two thirds JUST TO BREAK EVEN.... much less make a decent profit.
The business model was unsustainable.... E* did them a favor, and unless they can convince the court to give them a big cash payout, Cablevision's black hole of a balance sheet will continue to degrade....
If there were 1.2 million Voom subscribers on E* and they were paying $3+ a subscriber, they were only netting $30+million a month.....
If they were required to pay $100 million a month, you KNOW that Cablevision's subscriber weren't picking up the other two thirds JUST TO BREAK EVEN.... much less make a decent profit.
The business model was unsustainable.... E* did them a favor, and unless they can convince the court to give them a big cash payout, Cablevision's black hole of a balance sheet will continue to degrade....