| Saving VOOM – Dolan Offers To Step In With $400 Million? |
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| Home Theater News Industry-Trade News | |
| Written by Jerry Del Colliano | |
| Thursday, 31 March 2005 | |
 Everyone
who follows the VOOM story knows that Cablevision chairman Charles
Dolan looks at the HDTV satellite service as his own pet project. Now
Dolan reportedly is really putting his money where his mouth is. Dolan
told FCC officials that he will make a $400,000,000 personal commitment
to save the struggling satellite provider and Cablevision has plans to
raise even more money to keep the project afloat. The catch is that
Dolan wants the FCC to nix the deal that would have sold VOOM’s
satellites to Dish Network.
HDTV today is a concept that mainstream America understands and wants, yet most consumers have yet to convert over to the vastly improved television system. The Consumer Electronics Association reports HDTV-ready sets are selling at the rate of more than one million per month. VOOM’s draw to consumers is the amount of HDTV programming they offer when HDTV content can be hard to come by for those who own sets and HD receivers. With more capital, VOOM will be afforded the chance to offer improved equipment, possibly the addition of the TiVo service for the DVRs, local network channels and more to their consumers. This improved-value proposition is sure to win VOOM many more subscribers, and fast. Like this article? Bookmark and share with any of the sites below.        |
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