[VOOM] Re: Cablevision chair to buy remainder of Voom

[Scottbusy]

This is terrific news !!

Thank you, Mr. Dolan for saving VOOM.

Scott


--- In VOOM@yahoogroups.com, "william hunteman" <whunteman@n...>=20
wrote:
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> Thursday, February 10, 2005 =B7 Last updated 5:14 p.m. PT
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> Cablevision chair to buy remainder of Voom
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> THE ASSOCIATED PRESS
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> NEW YORK -- Charles Dolan, founder and chairman of Cablevision=20
Systems
> Corp., is not one to give up on his satellite TV plans.
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> After being forced by Cablevision's board of directors to sell
> fledgling TV service Voom's only satellite to EchoStar=20
Communications
> Corp. for $200 million, Dolan said late Thursday that he is=20
planning
> to buy out the remainder of Voom's assets.
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> The deal includes Voom's 26,000 customers, 21 exclusive high
> definition channels, various spectrum licenses and leased capacity.
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> Under the plan, Dolan, along with his son Tom Dolan and some other
> Cablevision shareholders, will form a private company that will=20
assume
> Voom's liabilities and protect Cablevision from any losses.
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> Cablevision has signed a letter of intent agreeing to the=20
transaction,
> but the board must still approve final terms.





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