Dolan Drops Cablevision Board Moves

Discussion in 'VoomTalk.Com (Closed Forum)' started by Chris Blount, Apr 27, 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 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. (Used with permission)
  2. stonecold

    stonecold Banned User

    Feb 20, 2004
    voom is finally going to die. die. die. die. die. die. The worst service I have ever paided for.

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