Well, this is damned irregular.
Apparently, the shutdown of VOOM! satellite service has caused a huge boardroom upheaval at Cablevision, with three directors getting the boot after making the decision to close the DBS provider, in spite of the chairman’s favoring the company as his pet project. What’s more, even though the official Voom! website is still shuttered, Voom is still taking orders from new customers as if nothing was wrong if you call their 800 number (1-800-GET-VOOM), and Cablevision Chairman, Charles Dolan, is trying to buy the company’s remaining assets, apparently to keep it operating.
The interesting thing is that a deal to sell Voom’s broadcast satellite to EchoStar has pretty much been sealed. So what exactly will Voom be broadcasting from, if it continues to exist as a company?
Also: the SEC doesn’t seem to be happy with the way Cablevision swiftly moved to shut down the satellite operation and is investigating. Fun fun fun.