Report Says Cablevision To Sell VOOM

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New York – Cablevision Systems board of directors sided with CEO James Dolan over his father Charles, the company’s founding chairman, in voting to sell off the struggling VOOM HD-centric satellite television service, the New York Times has reported.

Thus far, the company has refused to comment on the decision, but the Times said James Dolan persuaded outside directors to vote to sell the satellite company, which has garnered only 26,000 subscribers to date and was scheduled to cost the company millions more to develop.

Exactly who would buy the company is unclear. Established satellite TV providers EchoStar and DirecTV would be the most logical suitors, but both companies have already committed to purchase new satellites to expand their services with additional channels and services, including major increases in HDTV content.

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