WLKNDED
12-21-2008, 08:03 PM
This news breaks my Heart..:crying::crying:
Associated Press
Cablevision to shut down Voom HD network in US
By DEBORAH YAO , 12.19.08, 02:33 PM EST
Cablevision Systems Corp. said Friday that it will pull the plug on its Voom HD Networks for U.S. markets in late January.
Voom, part of Cablevision (nyse: CVC - news - people )'s Rainbow Media Holdings unit, offers 15 high-definition channels featuring its own programming, including fashion, animation and extreme sports. The network is carried on Cablevision and, until last May, also was shown on satellite TV operator Dish Network Corp., which owns 20 percent of Voom.
Cablevision said it would lay off employees because of Voom's closing, but declined to be more specific. Some staff will stay to handle Voom's international operations. Voom will continue to be distributed abroad, where it airs two high-definition channels.
Joshua Sapan, Rainbow's chief executive, said in an internal memo that the decision to end Voom was prompted by Dish, formerly known as EchoStar.
"It became clear that we can no longer operate Voom domestically, particularly without EchoStar fulfilling its obligations and providing its support," he said.
Real-Time Quotes
12/19/2008 4:04PM ET
CVC$14.75-2.38%DISH$11.734.83%Get Quote
BATS Real-Time Market Data by XigniteIn May, Bethpage, N.Y.-based Cablevision sued Dish for $1 billion after the satellite TV company dropped Voom from its lineup. Cablevision claims that Dish's move violated a 15-year agreement signed in 2005. Sapan said it will take at least a year to resolve the lawsuit.
A Dish spokeswoman declined to comment Friday on Voom.
I guess charlie wins...and then I find out my EHD has failed.
And now I've lost all my Monsters HD movies.:banghead::banghead::banghead:
Associated Press
Cablevision to shut down Voom HD network in US
By DEBORAH YAO , 12.19.08, 02:33 PM EST
Cablevision Systems Corp. said Friday that it will pull the plug on its Voom HD Networks for U.S. markets in late January.
Voom, part of Cablevision (nyse: CVC - news - people )'s Rainbow Media Holdings unit, offers 15 high-definition channels featuring its own programming, including fashion, animation and extreme sports. The network is carried on Cablevision and, until last May, also was shown on satellite TV operator Dish Network Corp., which owns 20 percent of Voom.
Cablevision said it would lay off employees because of Voom's closing, but declined to be more specific. Some staff will stay to handle Voom's international operations. Voom will continue to be distributed abroad, where it airs two high-definition channels.
Joshua Sapan, Rainbow's chief executive, said in an internal memo that the decision to end Voom was prompted by Dish, formerly known as EchoStar.
"It became clear that we can no longer operate Voom domestically, particularly without EchoStar fulfilling its obligations and providing its support," he said.
Real-Time Quotes
12/19/2008 4:04PM ET
CVC$14.75-2.38%DISH$11.734.83%Get Quote
BATS Real-Time Market Data by XigniteIn May, Bethpage, N.Y.-based Cablevision sued Dish for $1 billion after the satellite TV company dropped Voom from its lineup. Cablevision claims that Dish's move violated a 15-year agreement signed in 2005. Sapan said it will take at least a year to resolve the lawsuit.
A Dish spokeswoman declined to comment Friday on Voom.
I guess charlie wins...and then I find out my EHD has failed.
And now I've lost all my Monsters HD movies.:banghead::banghead::banghead: