Just as we predicted in our December 20th article, it appears that Dish Network will be purchasing the satellite assets of the Cablevision venture known as Voom. The price tag is $200 million and for that Dish Network ( Parent Company Echostar ) will gain access to a cutting edge satellite providing much needed bandwidth for either HDTV and Broadband Internet initiatives.
Since the News Corp purchased DirecTV, Charlie Eagan has to be feeling the pressure to expand satellite capacity as rapidly as possible. With Rupert Murdoch's track record, you know it's just a matter of time before DirecTV rolls out a whole array of new services.
Here is the Rocky Mountain News Article:
"EchoStar Communications Corp. said Thursday it will buy a satellite and related assets from Cablevision Systems Corp.'s struggling Voom TV service for $200 million. The move could mean the end of Voom, a heavily hyped high-definition satellite-TV venture that has struggled since its launch more than 14 months ago. "
Rocky Mountain News: Business:
