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Cablevision Suspends Spinoff Of Its Rainbow Media Unit
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
December 21, 2004 11:06 a.m. ET
Cablevision Systems Corp. said its board suspended plans to spin off
of Rainbow Media Enterprises and instead will pursue strategic
alternatives for the satellite and entertainment unit.
The board's decision, disclosed in a Securities and Exchange
Commission filing, didn't provide any additional details about
possible alternatives. It marked the latest twist in Cablevision's
roadmap for offloading the business, which operates the nascent
satellite-TV service Voom, as well as cable-TV networks and other
programming businesses, including AMC, the Independent Film Channel,
Womens' Entertainment and regional sports channels.
Cablevision in September delayed the spinoff, saying it hoped to
complete the move by the end of the year. Last month, the cable-TV
company, based in Bethpage, N.Y., changed the plan again, saying it
would hand over $350 million in preferred interests to the new entity.
Cablevision initially had intended to hold on to redeemable
preferred-membership interests, and by giving those up, Cablevision
effectively reduced Rainbow's liabilities.
The Rainbow unit was a big driver of third-quarter results,
contributing $235.9 million in revenue, up 58% from the same period a
year earlier. But most of that bump came from advertising and an
increasing number of subscribers.
At the time of the September spinoff, many analysts and investors felt
the business plan for Voom was flawed, given the tough competition the
service faces from the two established satellite-TV companies, DirecTV
Group Inc. and EchoStar Communications Corp. A main reason to own
Rainbow was the inclusion of Cablevision's three successful cable
networks: AMC, WE and the Independent Film Channel. Analysts at the
time valued those networks at more than $1.37 billion -- or $4 to $5 a
Cablevision share.
But the value of the spinoff was expected to be less than that because
the satellite venture likely would eat up a good chunk of the
networks' earnings. Voom ended the third quarter with 26,000
customers, $5.9 million in revenue and a loss of $75.3 million.
In a conference call last month to discuss third-quarter earnings,
Cablevision Chief Executive Jim Dolan said the company didn't plan any
further near-term investment in Voom.
The Rainbow spinoff also would have taken the Clearview Cinemas
business out of Cablevision's hands.
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A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
December 21, 2004 11:06 a.m. ET
Cablevision Systems Corp. said its board suspended plans to spin off
of Rainbow Media Enterprises and instead will pursue strategic
alternatives for the satellite and entertainment unit.
The board's decision, disclosed in a Securities and Exchange
Commission filing, didn't provide any additional details about
possible alternatives. It marked the latest twist in Cablevision's
roadmap for offloading the business, which operates the nascent
satellite-TV service Voom, as well as cable-TV networks and other
programming businesses, including AMC, the Independent Film Channel,
Womens' Entertainment and regional sports channels.
Cablevision in September delayed the spinoff, saying it hoped to
complete the move by the end of the year. Last month, the cable-TV
company, based in Bethpage, N.Y., changed the plan again, saying it
would hand over $350 million in preferred interests to the new entity.
Cablevision initially had intended to hold on to redeemable
preferred-membership interests, and by giving those up, Cablevision
effectively reduced Rainbow's liabilities.
The Rainbow unit was a big driver of third-quarter results,
contributing $235.9 million in revenue, up 58% from the same period a
year earlier. But most of that bump came from advertising and an
increasing number of subscribers.
At the time of the September spinoff, many analysts and investors felt
the business plan for Voom was flawed, given the tough competition the
service faces from the two established satellite-TV companies, DirecTV
Group Inc. and EchoStar Communications Corp. A main reason to own
Rainbow was the inclusion of Cablevision's three successful cable
networks: AMC, WE and the Independent Film Channel. Analysts at the
time valued those networks at more than $1.37 billion -- or $4 to $5 a
Cablevision share.
But the value of the spinoff was expected to be less than that because
the satellite venture likely would eat up a good chunk of the
networks' earnings. Voom ended the third quarter with 26,000
customers, $5.9 million in revenue and a loss of $75.3 million.
In a conference call last month to discuss third-quarter earnings,
Cablevision Chief Executive Jim Dolan said the company didn't plan any
further near-term investment in Voom.
The Rainbow spinoff also would have taken the Clearview Cinemas
business out of Cablevision's hands.
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Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/VOOM/
<*> To unsubscribe from this group, send an email to:
VOOM-unsubscribe@yahoogroups.com
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
0 Replies
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904 views
Pub Member / Supporter
America’s Fastest-Growing EV State Isn’t California—Not by a Long Shot
New data shows electric vehicle adoption is increasingly driven by state policies, electricity prices and charging access—not federal incentives
www.autoweek.com
The number-one US state for EV growth, according to the June 22 Yardi report?
Oklahoma.
It has no ZEV mandates and "minimal" incentives, Yardi says, but also has cheap electricity, high multi-car household rates (so, for example, a non-Lightning Ford F-150 pulls their trailers), and a consumer base willing to switch.
119 Replies
·
1244 views
tomwellborn3rd (@wellborn.net)
This author has chosen to make their posts visible only to people who are signed in.
bsky.app
Never realized that Tesla is losing to BYD at manufacturing too, which IMO is Tesla's biggest accomplishment and area of innovation. Nice writeup about the state of play and how we got here though. I have no faith that we're moving any productive direction though sadly, most changes and efforts feel reactionary rather than rooted in making use of the time being bought by tariffs, with few exceptions.
So: how are the cars so cheap, and what is being cut to get there? The best public accounting comes from the Rhodium Group, which compared BYD, Geely, and Leapmotor against Tesla's Chinese operation, a fair comparison because it removes labor costs and shipping from the equation entirely. Their estimate is that BYD builds a car for about $4,700 less than Tesla builds a Model 3 in Shanghai, roughly 15 percent of the Model 3's price. The breakdown is the interesting part. Direct government grants account for about $292 per vehicle, which is 5 percent of the gap. The biggest single factor is vertical integration: BYD makes about 80 percent of its top-tier components in-house, against 37 percent for Tesla, and that eliminates roughly $2,369 per vehicle in supplier markups. Lower overhead, meaning cheaper engineering talent and administrative cost spread across enormous volume, accounts for another $1,719. And BYD pays its suppliers on 155-day terms, against Tesla's 60, which is worth about $214 per car in float. When people say the Chinese advantage is subsidies, the per-vehicle number says otherwise. When people say it is slave wages, the Tesla Shanghai comparison says otherwise too. The advantage is mostly that BYD decided, twenty years ago, to make its own batteries, its own motors, its own power electronics, and its own semiconductors, and Western automakers decided the opposite.
T
That's how Ford did it- vertical integration. He even set up a rubber plantation in S. Americatomwellborn3rd (@wellborn.net)
This author has chosen to make their posts visible only to people who are signed in.
Never realized that Tesla is losing to BYD at manufacturing too, which IMO is Tesla's biggest accomplishment and area of innovation. Nice writeup about the state of play and how we got here though. I have no faith that we're moving any productive direction though sadly, most changes and efforts feel reactionary rather than rooted in making use of the time being bought by tariffs, with few exceptions.
So: how are the cars so cheap, and what is being cut to get there? The best public accounting comes from the Rhodium Group, which compared BYD, Geely, and Leapmotor against Tesla's Chinese operation, a fair comparison because it removes labor costs and shipping from the equation entirely. Their estimate is that BYD builds a car for about $4,700 less than Tesla builds a Model 3 in Shanghai, roughly 15 percent of the Model 3's price. The breakdown is the interesting part. Direct government grants account for about $292 per vehicle, which is 5 percent of the gap. The biggest single factor is vertical integration: BYD makes about 80 percent of its top-tier components in-house, against 37 percent for Tesla, and that eliminates roughly $2,369 per vehicle in supplier markups. Lower overhead, meaning cheaper engineering talent and administrative cost spread across enormous volume, accounts for another $1,719. And BYD pays its suppliers on 155-day terms, against Tesla's 60, which is worth about $214 per car in float. When people say the Chinese advantage is subsidies, the per-vehicle number says otherwise. When people say it is slave wages, the Tesla Shanghai comparison says otherwise too. The advantage is mostly that BYD decided, twenty years ago, to make its own batteries, its own motors, its own power electronics, and its own semiconductors, and Western automakers decided the opposite.
The Tesla Cybertruck Is Dead, The Ford F-150 Lives - The Autopian
The Cybertruck was supposed to make the F-150 obsolete. It wasn’t supposed to be boring, like a Ford or a Chevy. It was supposed to be “more truck than truck.” It turns out, people just wanted trucks that were trucks, and CEO Elon Musk announced on X earlier this morning is that the Cybertruck...
www.theautopian.com
The Cybertruck was supposed to make the F-150 obsolete. It wasn't supposed to be boring, like a Ford or a Chevy. It was supposed to be "more truck than truck." It turns out, people just wanted trucks that were trucks, and CEO Elon Musk announced on X earlier this morning is that the Cybertruck is dying.
Ending production in middle of next year at gigatexas for cybercab production.
Staff member
HERE TO HELP YOU!
Cutting Edge
Sometimes a thread gets so many posts in it that is can cause issues for the server so that why today we introduce The Song Name Game Part 3!
So let the game continue!
The last song was added by Bobby who posted...
One Meat Ball - Andrews Sisters
CONTINUE ON AND HAVE FUN! WELCOME HOME TO SATELLITEGUYS.US!
Here are the original rules for the game as posted by WebbyDude back in 2006. http://www.satelliteguys.us/threads/68645-Song-Name-Game
Just name a song title and the band who performed it. The next person does the same thing, but needs to list a song title or band name which includes a word from the previous entry. Pick songs from any genre.
Example:
Long Live Rock and Roll -- Rainbow
Rainbow in the Dark -- Dio
Another example:
Ride the Lightning -- Metallica
Lightning Strikes -- Ozzy Osbourne
Get it?
An additional note: we all know that song titles, sometimes, use profane words. Because this is a family friendly website it is advised that you clean up that title up a bit. This is accomplished by using something like sh!t instead of the real word. Thanks....
So let the game continue!
The last song was added by Bobby who posted...
One Meat Ball - Andrews Sisters
CONTINUE ON AND HAVE FUN! WELCOME HOME TO SATELLITEGUYS.US!
Here are the original rules for the game as posted by WebbyDude back in 2006. http://www.satelliteguys.us/threads/68645-Song-Name-Game
Just name a song title and the band who performed it. The next person does the same thing, but needs to list a song title or band name which includes a word from the previous entry. Pick songs from any genre.
Example:
Long Live Rock and Roll -- Rainbow
Rainbow in the Dark -- Dio
Another example:
Ride the Lightning -- Metallica
Lightning Strikes -- Ozzy Osbourne
Get it?
An additional note: we all know that song titles, sometimes, use profane words. Because this is a family friendly website it is advised that you clean up that title up a bit. This is accomplished by using something like sh!t instead of the real word. Thanks....
68760 Replies
·
2685463 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/shorts/D18J9UBjUDs
Direct YouTube Link - Data Center Projects Face a Stunning Local Voter Backlash #shorts
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/shorts/D18J9UBjUDs
Direct YouTube Link - Data Center Projects Face a Stunning Local Voter Backlash #shorts
TWIT's Website
TWIT Live Feed
1 Replies
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7 views
Supporting Founder
Lifetime Supporter
Comcast is the first to report, with a massive 274,000 loss in video subscribers.
In the 3Q of 2016, Comcast had 21.42 million video subscribers and was the #1 provider, now at 10.39 million and is the #3 Provider, YTTV is #2 ( who also surpassed DirecTV-8 Million and Dish-under 5 Million), Charter/Spectrum is #1.
cordcuttersnews.com
In the 3Q of 2016, Comcast had 21.42 million video subscribers and was the #1 provider, now at 10.39 million and is the #3 Provider, YTTV is #2 ( who also surpassed DirecTV-8 Million and Dish-under 5 Million), Charter/Spectrum is #1.
Comcast Just Lost 274,000 TV Customers & 144,000 Internet Customers In Just Three Months | Cord Cutters News
Comcast Corporation reported its third-quarter 2026 results on October 22, showing continued erosion in its domestic residential broadband internet and video customer bases as competitive pressures intensified across the connectivity market. The company recorded a net loss of 144,000 domestic...
cordcuttersnews.com
14 Replies
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697 views
Charter lost 77,000 TV subscribers, the bigger news, it lost 233,000 broadband subscribers.
You would believe both companies would of learned from what happened with their TV services, which was ignore that cord cutting was a thing, allowed competition ( streaming) to get a foothold in the industry.
Now, in today's world, there are more households in the United States without a paid live TV than those with.
Both companies charge too much, delayed upgrades, all because they believed no one would leave them, only game in town, competition started with the 5G services, Fiber soon after, enough said, Cord Cutting 2.0 is here.
cordcuttersnews.com
You would believe both companies would of learned from what happened with their TV services, which was ignore that cord cutting was a thing, allowed competition ( streaming) to get a foothold in the industry.
Now, in today's world, there are more households in the United States without a paid live TV than those with.
Both companies charge too much, delayed upgrades, all because they believed no one would leave them, only game in town, competition started with the 5G services, Fiber soon after, enough said, Cord Cutting 2.0 is here.
Spectrum Loses 233,000 Internet and 77,000 TV Customers in Third Quarter As Cord Cutting 2.0 Grows | Cord Cutters News
Charter Communications reported a further erosion of its core broadband base in the third quarter of 2026, with Spectrum losing 233,000 Internet customers on a pro forma basis that incorporates the recently completed Cox acquisition. Residential accounts accounted for nearly all of the decline...
cordcuttersnews.com
Staff member
Pub Member / Supporter
Cutting Edge
We are looking to find DirecTV Stream customers who are interested in pre-beta testing new Stream hardware and software, and who enjoy the testing process. You must agree to provide rigoorous feedback to DIRECTV on a regular basis. See the Welcome to the Cutting Edge message.
0 Replies
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20 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/shorts/z8Tmnv9Bdk4
Direct YouTube Link - Sam Altman's RAM Hot Take Sparks a Reality Check #shorts
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/shorts/z8Tmnv9Bdk4
Direct YouTube Link - Sam Altman's RAM Hot Take Sparks a Reality Check #shorts
TWIT's Website
TWIT Live Feed
0 Replies
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10 views
Lifetime Supporter
Looks like dish is Bankrupt. Filling tomorrow Tuesday June 30th
454 Replies
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15670 views
Ham Radio 2.0
Time for another AWESOME video from Ham Radio 2.0!
View: https://www.youtube.com/watch?v=CFoqfrcM8pw
Direct YouTube Link - The Best Black Friday Deals for Off-Grid Comms Right Now!
Ham Radio 2.0 Website
Ham Radio 2.0 on Facebook
View: https://www.youtube.com/watch?v=CFoqfrcM8pw
Direct YouTube Link - The Best Black Friday Deals for Off-Grid Comms Right Now!
Ham Radio 2.0 Website
Ham Radio 2.0 on Facebook
0 Replies
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23 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/shorts/V6XzeaKDC0Y
Direct YouTube Link - AI Hiking Advice Nearly Turns Deadly on Mount Shasta #shorts
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/shorts/V6XzeaKDC0Y
Direct YouTube Link - AI Hiking Advice Nearly Turns Deadly on Mount Shasta #shorts
TWIT's Website
TWIT Live Feed
0 Replies
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5 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/watch?v=yH-9zj0f7jQ
Direct YouTube Link - Google's AI Ultimatum for Schools
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/watch?v=yH-9zj0f7jQ
Direct YouTube Link - Google's AI Ultimatum for Schools
TWIT's Website
TWIT Live Feed
0 Replies
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21 views