China to help voom?

dkag7

Well-Known SatelliteGuys Member
Original poster
Mar 8, 2005
32
0
Read This... Maybe there's light at the end of the tunnel after all....?

http://www.financialnewsusa.com/release.php?rlsid=1820


NEWS RELEASE

Clear Channel Announces Joint Venture with Chinese Government and Cablevision Roll out Plan to Save Voom


City of Industry, CA --(www.FinancialNewsUSA.com)-- 03/08/2005 - Broadcasting and media industry news provided by Financial News USA (OTC: FNWU). Live entertainment producer Clear Channel Entertainment (NYSE: CCU) said Monday it entered into a joint venture with the Chinese government designed to bring concerts and sporting events from the West to China. Cablevision Systems Corp. (NYSE: CVC) Chairman Charles Dolan on Monday presented details of an ambitious plan to purchase the remaining assets of a satellite venture that lost $661.4 million last year. Wall Street analysts and media industry observers said last week it was unclear how Dolan plans to pay for Cablevision's Voom assets, which include 21 high-definition programming channels, a lease on a satellite and the 46,000 subscribers he says Voom has.

A.G. Media Group, Inc. (OTC: AMGJ.PK) announced recently a new marketing partnership with the United Kingdom's British Broadcasting Corporation (BBC). WorldGate Communications Inc. (Nasdaq: WGAT) recently announced that over the last two months the Company has successfully introduced its Ojo personal video phone at the 2005 International Consumer Electronics Show (CES) and received cash proceeds of $7.1 million from A) the exercise of outstanding warrants by existing institutional investors, B) the exercise of non-executive employee and prior employee stock options, and C) the private placement of Company stock.

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:shocked
 

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