It is pretty obvious negotiations are still going on between CVC and Dolan Sr. Although the web site has been shut down (because the board of directors voted to close down VOOM), they are still taking orders via CSRs. This is probably just a brief period of time to allow Dolan Sr. and CVC to keep negotiating. The web site serves as public notice of the shutdown in case CVC does not sell VOOM.
You know negotiations are probably broken down completely when CSRs start to call customers and letters go out giving notice of shutdown. They are probably going to stall this until next week to allow a deal to be made if it could be made.
Voomllc for all we know is just a VOOM dealer somewhere advertizing over the internet. Note that no one besides CVC has the right to say they are VOOM, and this web site will probably get a cease and desist order before long if it has not been authorized by CVC.
The holdup in the agreement probably is the long term liabilities that VOOM has signed. Things like satellite construction. If they go past certain milestones in their contract large sums of money are due. CVC probably wants an assurance (like a huge bond) that VOOM will cover these obligations. It could be something like wanting Dolan Sr to pledge so much stock or something as collateral.
