gpflepsen said:
With Charles Dolan trying every trick in the book to keep Voom, could he somehow derail the proposes sale of Voom's satellite and uplink to E*?
Possible, but he would probably open CVC and himself up to a tremendous number of minority shareholder lawsuits (not to mention a nice break-up fee I'm sure Charlie Ergen included in the sales agreement). In fact, given the recent board manuever, I would seriously consider dropping CVC's policy if I were carrying its O&D insurance, opening up CVC to even greater potential liabilities.
Think of these numbers: Voom is burning ~$55mm/month in cash. Dolan Sr. is now on the hook for "excess operating costs" which means he can keep it going for a while, but the big hang up is the financing. Few banks are going to loan him the money outright, so he will ultimately need to sell CVC to fund Voom. Personally, I'm seeing an 80 year old man that is desperate to keep both his wife and his mistress, rather than choose one over the other.
Later,
Bill
