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Dolan Drops Cablevision Board Moves


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#1 OFFLINE   Chris Blount

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Posted 27 April 2005 - 04:52 AM

Cablevision said in a Securities and Exchange Commission filing released Tuesday that Chairman Charles Dolan has dropped plans to pursue appointing new members to the company's board of directors.

The filing said Dolan informed Cablevision's board about his decision at a meeting last Friday. As a class B shareholder, Dolan could've elected 75 percent of board members. Also, Dolan apparently dropped plans to propose that the board reduce its size to 12 members, with nine directors elected by Class B shareholders and three directors to be elected by Class A shareholders, the filing said.

Dolan had pursued a realignment of the board in order to keep intact Cablevision's struggling VOOM service. He stopped pursuing personal plans to keep VOOM alive earlier in the month, and Cablevision has said it will shut down the satellite TV service on April 30.

http://www.skyreport.com (Used with permission)

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#2 OFFLINE   stonecold

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Posted 27 April 2005 - 07:20 AM

voom is finally going to die. die. die. die. die. die. The worst service I have ever paided for.




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