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Cablevision delays satellite unit spinoff

Sun, 12/05/2004 - 7:00pm
Staff

Copyright 2004 Los Angeles Times

All Rights Reserved

Los Angeles Times

December 4, 2004 Saturday

Home Edition

From Lexis Nexis

Cablevision Systems Corp. of Bethpage, N.Y., delayed the spinoff of its Voom satellite-television service to beyond 2004.

The postponement, announced in a regulatory filing, is the second delay of the plan. Voom and the cable channels AMC, IFC and WE: Women's Entertainment are parts of the Rainbow Media Enterprises business, the unit Cablevision is spinning off.

Voom, with 26,000 subscribers, is trying to break into a market dominated by DirecTV Group Inc. and EchoStar Communications Corp., which have 12.1 million and 10.5 million customers, respectively.

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