Steve Mehs
01-23-03, 04:11 AM
The next launch for U.S. satellite TV could put a bird into orbit for a cable company.
Lockheed Martin and its Commercial Space Systems division said they are gearing up for the launch of a spacecraft for Cablevision and its Rainbow DBS endeavor. The satellite's future parking spot at 61.5 degrees, a DBS orbital location the cable operator shares with EchoStar, were once part of last-minute discussions surrounding the failed merger between EchoStar and DirecTV.
Lockheed Martin said the high-power A2100 satellite built for Cablevision/Rainbow DBS is scheduled to launch in the first half of the year aboard an Atlas V rocket. According to the launch forecast on Space.com, the Atlas rocket is expected to carry Rainbow-1 from Cape Canaveral Air Force Station on May 8.
Cablevision spokesperson Charlie Schueler said the company plans to go ahead with its DBS business, "but at this time we don't have much more to report."
The Cablevision satellite and its 61.5-degree DBS spectrum were part of last-minute discussions between the MSO, EchoStar and regulators. When the proposed EchoStar/DirecTV combination ran into trouble in Washington, D.C., the satellite TV company offered to divest its DBS spectrum at 61.5 degrees and give the orbital location and a satellite to Cablevision's DBS endeavor in order to win regulatory approval for the deal.
Cablevision's DBS dreams worry some on Wall Street. Last week, Merrill Lynch analyst Jessica Reif said that, in her opinion, the best outcome for the Rainbow DBS business "is an outright sale to EchoStar for $300-$500 million."
From SkyReport (http://www.skyreport.com/skyreport/jan2003/012303.shtm#two) (Used with Permission)
Lockheed Martin and its Commercial Space Systems division said they are gearing up for the launch of a spacecraft for Cablevision and its Rainbow DBS endeavor. The satellite's future parking spot at 61.5 degrees, a DBS orbital location the cable operator shares with EchoStar, were once part of last-minute discussions surrounding the failed merger between EchoStar and DirecTV.
Lockheed Martin said the high-power A2100 satellite built for Cablevision/Rainbow DBS is scheduled to launch in the first half of the year aboard an Atlas V rocket. According to the launch forecast on Space.com, the Atlas rocket is expected to carry Rainbow-1 from Cape Canaveral Air Force Station on May 8.
Cablevision spokesperson Charlie Schueler said the company plans to go ahead with its DBS business, "but at this time we don't have much more to report."
The Cablevision satellite and its 61.5-degree DBS spectrum were part of last-minute discussions between the MSO, EchoStar and regulators. When the proposed EchoStar/DirecTV combination ran into trouble in Washington, D.C., the satellite TV company offered to divest its DBS spectrum at 61.5 degrees and give the orbital location and a satellite to Cablevision's DBS endeavor in order to win regulatory approval for the deal.
Cablevision's DBS dreams worry some on Wall Street. Last week, Merrill Lynch analyst Jessica Reif said that, in her opinion, the best outcome for the Rainbow DBS business "is an outright sale to EchoStar for $300-$500 million."
From SkyReport (http://www.skyreport.com/skyreport/jan2003/012303.shtm#two) (Used with Permission)