Cablevision's Voom Gets a Reprieve

Mar 09, 2005 0 Replies
Cablevision's Voom Gets a Reprieve open original image

By SETH SUTEL AP Business Writer



NEW YORK (AP) -- Cablevision Systems Corp., a New York-area cable television provider, has reached a deal with its own chairman to keep a satellite TV venture running through the end of the month while he continues trying to assemble a deal that would keep the business afloat.



The announcement late Tuesday signaled a cease-fire in a bitter family feud that has rocked the country's sixth-largest cable company. Cablevision CEO James Dolan had earlier sided with other board members against his father Charles, the company's chairman and founder, in voting to shut down the startup satellite venture, called Voom.



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