TITLE

Cablevision zooms in on Voom charges

AUTHOR(S)
McClintock, Pamela
PUB. DATE
June 2005
SOURCE
Daily Variety;6/7/2005, Vol. 287 Issue 47, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Voom satellite television service is expected to cost Cablevision Systems Corp. between $100 million and $130 million, according to documents filed with the U.S. Securities and Exchange Commission. Claim of the company that the expense comes from shutting down Voom's distribution system, including early termination of contracts, employee severance benefits, and other items; Statement issued by Cablevision chief operating offer Tom Rutledge at an investor's conference in New York City; Increase in the shares of the cable operator.
ACCESSION #
17303981

 

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