If you are looking for High Definition programming, you may want to avoid VOOM. More than a year after it's launch, with only 26,000 subscribers it looks like Cablevision will be trying to divest itself of the Voom satellite business.
Cablevision had been telling analysts the past several quarters that it planned to spinoff the Voom (Rainbow Media Enterprises) subsidiary along with other more stable assets, but those plans were scraped yesterday.
With Dish Network and DirecTV expanding their HDTV offerings and including the equipment as part of their promotional packages, Voom couldn't compete.
Analysts expect that Dish Network could be a potential buyer for the Voom assets as they have been struggling to add satellite capacity at a fast enough rate to keep up with demand for Local Channels, HDTV and Broadband services.
A sale at any price would be welcome news for Cablevision shareholders who have been leary of the venture right from the start. Cablevision stock closed up nearly $3 on the news.
