Logo

Cablevision Declines Comment on Alleged Voom Sale Memo

Jan 20, 2005  •  Post A Comment

A Cablevision Systems spokeswoman said Thursday the cable operator continues to examine its options for its floundering satellite service Voom, but declined to comment on a document that appeared briefly on a Web site and that was described as an internal Cablevision memo stating the company will sell Voom and that some members of the controlling Dolan family are possible buyers.

The document, said to be written to Rainbow Media Enterprises employees by Cablevision Chairman Charles Dolan and his son, Rainbow CEO Thomas Dolan, states that the Cablevision board met Tuesday and in a split vote agreed to sell the satellite operation. The memo also said potential bidders include members of the Dolan family.

The alleged memo was posted on Web site SatelliteGuys.us, but was taken down at the request of Voom officials. Scott Greczkowski, owner of SatelliteGuys.us, said Voom officials told him the memo was not meant for public eyes.

The fate of Voom has been a big issue since Cablevision said in a filing late last year that it was shelving its plan to spin off the satellite business into a separate company. Since then, speculation has abounded that Cablevision would sell the cash-draining operation.