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Chances rise of cable sale to fund Voom
By Aline van Duyn in New York
Published: March 9 2005 18:54 | Last updated: March 9 2005 18:54
Cablevision's shares rose on Wednesday on growing expectations that the company's cable assets will be sold by its founder, Charles Dolan, to finance the loss-making Voom satellite service.
Mr Dolan, known as Chuck, last week replaced board members who had sided with his son James in opposing plans for the Voom business. James Dolan wants to shut the operation down, while Mr Dolan and another son, Thomas, the company's chief information officer, want to keep it going.
Chances rise of cable sale to fund Voom
By Aline van Duyn in New York
Published: March 9 2005 18:54 | Last updated: March 9 2005 18:54
Cablevision's shares rose on Wednesday on growing expectations that the company's cable assets will be sold by its founder, Charles Dolan, to finance the loss-making Voom satellite service.
Mr Dolan, known as Chuck, last week replaced board members who had sided with his son James in opposing plans for the Voom business. James Dolan wants to shut the operation down, while Mr Dolan and another son, Thomas, the company's chief information officer, want to keep it going.
