Cablevision Expects VOOM Losses

Discussion in 'VoomTalk.Com (Closed Forum)' started by Chris Blount, May 12, 2005.

  1. Chris Blount

    Chris Blount Creator of DBSTalk Staff Member Administrator DBSTalk Gold Club

    Jun 22, 2001
    Cablevision said in a Securities and Exchange Commission filing that it anticipates incurring significant costs related to early termination of contracts, employee termination benefits and other costs associated with the demise of VOOM. The company estimated the costs at between $115 million and $155 million. Cablevision shut down VOOM on April 30 after the satellite TV service struggled to gain a sufficient number of customers. (Used with permission)

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