Understanding Who Owns Voom HD (Holdings LLC)

FCom911

FCom911

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Understanding Who Owns Voom HD (Holdings LLC)
FCom911

Cablevision Systems Corporation & Holdings

Cablevision's Rainbow Media Holdings LLC
Rainbow Media is a subsidiary of Cablevision

Brands: AMC, IFC, WEtv, LifeSkool, SportsKool, Voom HD Networks, News 12, and Sundance Channel (On May 7, 2008, Rainbow Media announced that it has purchased Sundance Channel for $496 million).

At one point, Voom HD was a start-up DBS provider which attempted to directly compete with DirecTV and Dish/Echostar. In 2005, Echostar purchased Voom’s satellite (Rainbow 1) from Cablevision for $200 million. Echostar affiliate, Echostar Media Holdings, received a 20% stake in Voom HD as part of the sale; Voom-Echostar affiliation agreement was reached as a result of the transaction.


Cablevision's Cable Television Operations
Cablevision Systems Corporation, an American cable television company is the 5th largest cable provider in the USA, with most customers residing in New York, New Jersey, Connecticut, and parts of Pennsylvania. Cablevision also offers high-speed Internet connections (Optimum Online), as well as digital cable (iO), and VoIP phone service (Optimum Voice) through its Optimum brand name.

Total Cable Subscribers: 3.1 million, 1.1 million are HD cable subscribers.

Cablevision's Sports Holdings
The Madison Square Garden, L.P. subsidiary controls Madison Square Garden arena in New York City, professional sports teams for whom MSG is their home, New York Knicks, New York Rangers, and New York Liberty. The company also owns the Hartford Wolf Pack, a minor-league professional hockey team affiliated with the New York Rangers.

Cablevision's Print Media Holdings
On May 12th, 2008, Newsday reported that it would be purchased by Cablevision in a deal worth $650m. Newsday is a daily tabloid-size Pulitzer Prize winning newspaper servicing Long Island and the New York City borough of Queens, although it is sold throughout the New York City metropolitan area. As of fall 2007, Newsday's weekday circulation of 387,000 ranks it 10th-highest in the United States, as well as one of the highest for a suburban newspaper publication. Melville, New York (Long Island), is the publication's headquarters.

Other Cablevision Holdings
Other properties owned by Cablevision, through its Madison Square Garden, L.P. division, include the Beacon Theater and Clearview Cinemas. Madison Square Garden, L.P. has a long-term lease agreement to operate Radio City Music Hall. Cablevision is the owner of Radio City Entertainment, the company which operates the Rockettes.

Cablevision Systems Corporation Company Details
Year Started: 1985
State of Incorporation: DE
Company Website: Cablevision
Ticker Symbol: CVC
Stock Exchange: NYS
Also Does Business As: Cablevision
SIC #Code: 4841
Est. Annual Sales: $5,927,462,000
Est. Employees: 22,075
 
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riffjim4069

riffjim4069

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You forgot to mention VOOM HD Networks which is 80% Rainbow and 20% EchoStar. Of course, with E* terminating the affiliation/distribution agreement...your guess is as good as mine as what happens to their 20% ownership.
 
FCom911

FCom911

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You forgot to mention VOOM HD Networks which is 80% Rainbow and 20% EchoStar. Of course, with E* terminating the affiliation/distribution agreement...your guess is as good as mine as what happens to their 20% ownership.


Valid point, but I'm having great difficulty validating Dish/Echostar indeed owns part of Voom HD Holdings LLC. I'm still researching.
 
Peter Parker

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Valid point, but I'm having great difficulty validating Dish/Echostar indeed owns part of Voom HD Holdings LLC. I'm still researching.

They do check the news stories from the period of yime when they purchased many of the VOOM assets.
 
FCom911

FCom911

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I did find the following...


Cablevision's board voted in February to sell the Rainbow 1 satellite to EchoStar for $200 million. That's where the $200 million figure comes from. At this juncture, I can find no evidence of Dish/Echostar having any ownership in Voom HD Holdings LLC.

If you may recall, Voom HD was originally a DBS provider competing directley with both DirecTV and Dish for a short while. The venture failed after shareholder's demanded the operation be shuttled to curve losses.

In my opinion, Voom HD DBS was prematurly launched and was mismanged. In particular, accounts recievable, payable were out of balance. Approximately 50% of Voom's DBS subscribers weren't paying their bills.

I was a Voom HD DBS customer.
 
Peter Parker

Peter Parker

Formerly Geronimo
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I did find the following...


Cablevision's board voted in February to sell the Rainbow 1 satellite to EchoStar for $200 million. That's where the $200 million figure comes from. At this juncture, I can find no evidence of Dish/Echostar having any ownership in Voom HD Holdings LLC.

If you may recall, Voom HD was originally a DBS provider competing directley with both DirecTV and Dish for a short while. The venture failed after shareholder's demanded the operation be shuttled to curve losses.

In my opinion, Voom HD DBS was prematurly launched and was mismanged. In particular, accounts recievable, payable were out of balance. Approximately 50% of Voom's DBS subscribers weren't paying their bills.

I was a Voom HD DBS customer.


Will you accept thii link? there are lots of others including the NY State Supreme Court ruling but this one appeared when i googled Echostar VOOM holdings.

Judge Won’t Bar Dish From Moving Voom To Alternate Tier - 5/6/2008 12:43:00 PM - Multichannel News
 
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FCom911

FCom911

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Will you accept thsi link? ther are lots of others including the NY State Supreme Court ruling but thsi one appeared when i googled Echostar VOOM holdings.

Judge Won’t Bar Dish From Moving Voom To Alternate Tier - 5/6/2008 12:43:00 PM - Multichannel News

You found the link to the association...

"In 2005, Echostar bought Voom’s satellite from Cablevision for $200 million. Echostar affiliate, Echostar Media Holdings, got a 20% stake in Voom HD as part of that sale. And the Voom-Echostar affiliation agreement also flowed out of that transaction."

Updating original post. Thanks, Geronimo!
 
NoCenterIceNoDishNetwork

NoCenterIceNoDishNetwork

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Sep 18, 2007
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The recent lawsuit against E* will either make or break VOOM on the payout. Well in my opinion I think this case will be much closer than you think. Considering how the E* lawyers played out on the AMC satellite case.
 

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