Cablevision chairman Charles Dolan told FCC officials that he would personally put a $400M stake in the struggling satellite service.
“Everyone who follows the VOOM story knows that Cablevision chairman Charles Dolan looks at the HDTV satellite service as his own pet project. Now Dolan reportedly is really putting his money where his mouth is. Dolan told FCC officials that he will make a $400,000,000 personal commitment to save the struggling satellite provider and Cablevision has plans to raise even more money to keep the project afloat. The catch is that Dolan wants the FCC to nix the deal that would have sold VOOM’s satellites to Dish Network.”
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