Jmartz
join:2000-07-20
Tenafly, NJ
| reply to skoalbandit
Re: [TV] FIOS and CABLEVISION AGREE! FSN & MSG and MORE!
said by skoalbandit  :This appears to be everything Rainbow Media has except VOOM. Don't worry, knowing Cablevision, they will sell VOOM to FIOS before we (customers) get VOOM.
Also, VOOM is Cablevision owned, BUT, it's exclusively available to Dish Network, a much, much stronger competitor to Cablevision then FIOS at this time... |
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f38urry
join:2002-01-10
Spring Valley, NY
1 edit | See: »TinyURL.com/vuy28
And:
Voom Sold
Cablevision Systems has sold its money-losing Rainbow DBS satellite television business to Echostar, reports The Dish network. Specifically, EchoStar has agreed to purchase Rainbow 1, a direct broadcast satellite (DBS) located at 61.5 degrees West Longitude, for $200 million, together with the rights to 11 DBS frequencies at that location. The satellite includes 13 frequencies, up to 12 of which can be operated in “spot beam” mode. The EchoStar III satellite also located at 61.5 degree
A sale of Rainbow DBS, which operates the Voom satellite service, was anticipated since Voom lost more than $75 million in the third quarter of last year. As of Sept. 30, only about 26,000 customers had been activated for Voom service.
Rainbow DBS was originally earmarked for a spin-off, but that plan was shelved in December after it drew the ire of many analysts and investors that viewed the unit as economically unviable and a drain on Cablevision’s cash. Last month, the board canceled plans to spin off Voom, as part of a separate risk-oriented company.
Rainbow Media recently completed a contract with Lockheed Martin for the construction of five Ka-band satellites for VOOM. These high power satellites, the first of which was to be completed and launched in 34 months, would enable VOOM to increase its channel capacity to more than 5,000 high definition channels when operating in spot beam. |
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liquidnw
join:2005-06-05
Bronx, NY | This is an article from jan of o5. This isn't new. CV still owns the programming while echostar simply bought the satellite and facilities which voom was using. |
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