1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Welcome to the new DBSTalk community platform. We have recently migrated to a community platform called Xenfono and hope you will find this change to your liking. There are some differences, but for the most part, if you just post and read, that will all be the same. If you have questions, please post them in the Forum Support area. Thanks!

Cablevision disavows Dolan

Discussion in 'VoomTalk.Com (Closed Forum)' started by terfmop, Apr 2, 2005.

  1. terfmop

    terfmop Legend

    175
    0
    Sep 28, 2004
    from www.newsday.com......
    ___________
    Cablevision disavows Dolan

    BY HARRY BERKOWITZ
    STAFF WRITER

    April 2, 2005

    In the latest move in a convoluted corporate chess match, Cablevision Systems Corp. has disavowed a federal filing in which chairman Charles Dolan seeks to block the company's deal to sell a satellite to EchoStar Communications....

    More

    (Edited to avoid copyright infringement - mod.)
     
  2. BobMurdoch

    BobMurdoch Hall Of Fame

    4,009
    0
    Apr 24, 2002
    Hey, Charlie can use this as leverage against Cablevision in negotiations. The last time an executive decided to just flout a contract at his whim was Rupert Murdoch and Charlie got a huge court judgment out of him.

    If V* doesn't take Dolan's fortune, E* may line up for a crack at it if he keeps this up.......
     
  3. stonecold

    stonecold Banned User

    583
    0
    Feb 20, 2004
    At this rate it making Dolan look like a nut job. Some old excentric man who has lost his marbles. Voom has too much going against it to A. Survive and B. Make money.

    What he needs to do is keep the name Voom HD LLC and then like others have said turn it into a addon service to satellite and cable providers. Expand that 21 channels of voom orginals into more and say charge 20 bucks for it. I have voom and I like the voom orginals just not enough to warrant the 70 some odd dollars a month. Now if the voom orginals were only 20 extra a month and say they raised it up to 30 total chanels I would probably get it.
     
  4. lazaruspup

    lazaruspup Godfather

    318
    0
    Mar 18, 2005
    The problem is that as I've read the info posted on the net by the FCC etc, there is nothing E* can do about Dolan going to the FCC about the sale. Even as an officer of Cablevision, he is allowed to express his own personal views and protect his interests. Dolan is a lot smarter than most individuals give him credit for. He created HBO and basically helped to build the cable business as a whole. He knows his stuff and wouldn't make a rash decision like going to FCC if he didn't have a plan. As for a lawsuit, Dolan probably says go ahead and try to sue... it's James' inheritance they would be getting anyways. LOL!

    Edit: Oh and wasn't it Charlie Ergen that posted a hefty sum for a merger failure last time... :rolleyes:
     
  5. stonecold

    stonecold Banned User

    583
    0
    Feb 20, 2004
    yes just recently dish had to spend big bucks do to a failed merger between dish and direct tv.


    But Bob was talking about happened years ago when Ruppert Murdoch wanted to buy Dish Network from Charlie Ergen.
     
  6. BobMurdoch

    BobMurdoch Hall Of Fame

    4,009
    0
    Apr 24, 2002
    Also, the big sum Charlie had to pay was a clause in the contract to purchase D* if the deal fell apart for any reason. While many saw it as a penalty, he paid $600 million to keep his major competitor stuck in limbo for 2 years while it played out. During that period, E* gained market share. The money paid was not a government fine or proceeds from a lawsuit, but rather a guaranteed payout should the deal fail, which it did when the feds shot it down for antitrust reasons.

    Once Rupert took over however, they regained focus and were able to regain the momentum lead (using new subscribers adds only as a quantifying measure).
     
  7. lazaruspup

    lazaruspup Godfather

    318
    0
    Mar 18, 2005
    If you ask me, D* is still ahead in terms of service and technology. With Voom stuck in limbo and D* committing to HD LIL, Charlie is playing catch up, with or without Rainbow 1.
     

Share This Page