Jerry Del Colliano of AudioRevolution has posted a news story claiming the struggling HDTV service provider could possibly cease to exist very soon.
“Cablevision said in a regulatory filing that the company would cease the spin-off in its current form and try to “pursue strategic alternatives” for the satellite business.
According to online reports, VOOM has about 26,000 subscribers, creating in the neighborhood of $5,900,000 in revenue. Total operating expenses will top out at over $75,000,000 this year creating a virtual black hole of profitability, even for the deep-pocketed Cablevision.”
VOOM has received mediocre reviews by various publications. While the content and quality appears to be above-par, customer service and installation has been plagued with problems causing numerous upset customers.
Read more at Audio Revolution
