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VOOM Subs Grow Slightly, Cablevision Grows Subs
Posted 10 November 2004 - 06:56 AM
For the third quarter, Rainbow DBS reported net revenues of $5.9 million and an operating loss of $75.3 million.
Despite the performance at VOOM, Cablevision executives said they're pushing ahead with plans to spin off Rainbow Media Enterprises, which will include Rainbow DBS as well as certain Rainbow programming assets. So far, $1.75 billion has been raised for the spin off, executives said.
The third quarter news was brighter for Cablevision's cable operations. The company's iO: Interactive Optimum digital cable customer base grew by 171,380 to 1.337 million during the three-month period, and high-speed Internet customers jumped by 79,982 to 1.259 million during the quarter. Basic cable customers increased slightly to 2.952 million.
http://www.skyreport.com (Used with permission)
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Posted 10 November 2004 - 04:03 PM
Posted 10 November 2004 - 04:10 PM
How much longer can Voom possibly last losing $75.3 million per quarter and only having 26K subscribers? where is all this money coming from to keep Voom going?
Probably from somewhere like Echostar. Teaming up with Dish (or DIRECTV) is probably VOOM's only chance of making it. They could provide a "VOOM programming package" or something and probably make a lot more money selling it to Dish customers than trying to do it all on their own.
Posted 11 November 2004 - 08:50 AM
Posted 11 November 2004 - 09:38 AM
Posted 11 November 2004 - 03:03 PM
I am now a new customer for E* and soon will be getting rid of Cable. While on the phone with a sales person, I asked about internet service thru E* and they said next year sometime they will have a package deal with internet service. Now that will be nice!
Yeah ,and the checks in the mail too.