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Guest Message by DevFuse

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Cablevision disavows Dolan


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6 replies to this topic

#1 OFFLINE   terfmop

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Posted 02 April 2005 - 06:57 AM

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....

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(Edited to avoid copyright infringement - mod.)

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#2 OFFLINE   BobMurdoch

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Posted 04 April 2005 - 09:24 AM

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.......
"The mass of men lead lives of quiet desperation." Henry David Thoreau Walden (1854)

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#3 OFFLINE   stonecold

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Posted 04 April 2005 - 10:08 AM

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 OFFLINE   lazaruspup

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Posted 04 April 2005 - 10:35 AM

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.......


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:
"The grass is always greener on the lawn that is watered twice daily..."

#5 OFFLINE   stonecold

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Posted 05 April 2005 - 03:42 PM

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 OFFLINE   BobMurdoch

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Posted 05 April 2005 - 04:12 PM

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).
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#7 OFFLINE   lazaruspup

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Posted 05 April 2005 - 05:17 PM

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.
"The grass is always greener on the lawn that is watered twice daily..."




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