Print this article | E-mail this article | Comment on this article

Voom HD Satellite TV Shuts Down

By Ed Oswald, BetaNews

April 11, 2005, 11:53 AM

Cablevision late Friday announced that Voom, its high-definition satellite television service, is shutting down. The announcement ended a standoff between Charles Dolan, chairman of Cablevision, and his son James Dolan, CEO of the company. The board agreed that it was time to drop the venture as it was losing money.

Despite 40,000 customers, Voom lost almost a billion dollars since its inception in 2002, and the company failed to find a buyer for the service when it attempted to do so earlier this year. A message on the Voom Web site says that the service will shut down on April 30.

Add a Comment (1 Comment)

BetaNews reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Foul language and personal attacks will not be tolerated.

By Maestr0

posted Apr 11, 2005 - 12:49 PM

Last night while the baby was up crying all night I put on some random cable channel and it was a half hour paid commercial for Voom...The whole time I was thinking, didn't I read this was going out of business!

Score: 0

Nov 21 - 2:11 PM ET AT&T to add Pantech's low-cost C630 phone to 3G lineup

Nov 21 - 1:11 PM ET iPhone gets firmware 2.2 update

Nov 21 - 11:51 AM ET The Dell surprise: Higher earnings on lower revenue

Nov 21 - 11:11 AM ET Verizon admits Obama's cell records were violated

Nov 21 - 11:06 AM ET A tale of two houses, or, 'It looks like you're baking a casserole...'

Nov 20 - 6:13 PM ET Microsoft says it 'has always preferred' DRM-free content

Nov 20 - 5:48 PM ET With the petaflop barrier broken, is it time to change the benchmark?

Nov 20 - 4:17 PM ET Actors' union threatens to strike over Internet TV

Nov 20 - 3:43 PM ET Mozilla prepares for bad times, and an audit

Nov 20 - 3:11 PM ET First beta tests of AOL mail synchronization