Attached is the latest edition of FaxUpdate, 25 March 2005, for your edification. This article is being posted on the VOOM Forum with permission from the fine professionals at Satellite Business News :up - please obey all copyrights.
Anyway, the key points of the article are, "Cablevision founder Chuck Dolan has made little progress in lining up funding or cutting a deal with EchoStar Communications for satellite capacity for the VOOM DBS service" - "Dolan has also been trying to line up new investors in VOOM, but has found little interest" and "Several sources said they would not be surprised if Dolan asks the board next week for another 30 or 60-day extension, and pledge more of his own assets or Cablevision stock to fund the company"
I'm still reading the article and don't know what any of this means yet...
Anyway, the key points of the article are, "Cablevision founder Chuck Dolan has made little progress in lining up funding or cutting a deal with EchoStar Communications for satellite capacity for the VOOM DBS service" - "Dolan has also been trying to line up new investors in VOOM, but has found little interest" and "Several sources said they would not be surprised if Dolan asks the board next week for another 30 or 60-day extension, and pledge more of his own assets or Cablevision stock to fund the company"
I'm still reading the article and don't know what any of this means yet...