Reprint from Audio/Video Revolution
title: Saving VOOM – Dolan Offers To Step In With $400 Million?
written by: Jerry Del Colliano
date: March 31, 2005
Everyone who follows the VOOM story knows that Cablevision chairman Charles Dolan looks at the HDTV satellite service as his own pet project. Now Dolan reportedly is really putting his money where his mouth is. Dolan told FCC officials that he will make a $400,000,000 personal commitment to save the struggling satellite provider and Cablevision has plans to raise even more money to keep the project afloat. The catch is that Dolan wants the FCC to nix the deal that would have sold VOOM’s satellites to Dish Network.
HDTV today is a concept that mainstream America understands and wants, yet most consumers have yet to convert over to the vastly improved television system. The Consumer Electronics Association reports HDTV-ready sets are selling at the rate of more than one million per month. VOOM’s draw to consumers is the amount of HDTV programming they offer when HDTV content can be hard to come by for those who own sets and HD receivers. With more capital, VOOM will be afforded the chance to offer improved equipment, possibly the addition of the TiVo service for the DVRs, local network channels and more to their consumers. This improved-value proposition is sure to win VOOM many more subscribers, and fast.
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written by: Jerry Del Colliano
date: March 31, 2005
Voomster
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