Post by dkennedy on Apr 18, 2007 5:51:50 GMT -5
Voom HD For Sale?
April 17, 2007
Speculation resurfaces that parent Rainbow Media may be sold.
By Phillip Swann, tvpredictions.com
Cablevision may sell its programming arm Rainbow Media, which includes the 15 Voom High-Definition channels.
That's according to Wall Street analysts quoted in today's Financial Times.
The newspaper reports that Cablevision may be preparing to sell Rainbow to make itself more desirable as a takeover target. The cable operator has undergone various struggles over the past few years, in part due to an internal fight over the former Voom satellite TV service.
After Voom folded as a satellite business, Cablevision kept its 15 original high-def channels and added them to its unit Rainbow Media, which also includes the Independent Film Channel and AMC.
Several publications today reported that Time Warner may be interested in buying Cablevision, which is based in New York and serves the tri-state NY area.
According to the Financial Times, Cablevision refused to comment on the speculation. But the newspaper writes that a "major shareholder" says Rainbow could be offered for sale any day now.
FT reports that Time Warner, Comcast and Liberty Media could be interested in Rainbow.
Liberty Media is expected to take control of DIRECTV in the second half of the year. The company secured the satcaster in a stock swap with News Corp. late last year.
Voom could aid DIRECTV's plan to expand its national HD lineup to 100 channels by year's end. The Voom lineup includes niche channels on subjects such as fashion, world sports and horror films.
April 17, 2007
Speculation resurfaces that parent Rainbow Media may be sold.
By Phillip Swann, tvpredictions.com
Cablevision may sell its programming arm Rainbow Media, which includes the 15 Voom High-Definition channels.
That's according to Wall Street analysts quoted in today's Financial Times.
The newspaper reports that Cablevision may be preparing to sell Rainbow to make itself more desirable as a takeover target. The cable operator has undergone various struggles over the past few years, in part due to an internal fight over the former Voom satellite TV service.
After Voom folded as a satellite business, Cablevision kept its 15 original high-def channels and added them to its unit Rainbow Media, which also includes the Independent Film Channel and AMC.
Several publications today reported that Time Warner may be interested in buying Cablevision, which is based in New York and serves the tri-state NY area.
According to the Financial Times, Cablevision refused to comment on the speculation. But the newspaper writes that a "major shareholder" says Rainbow could be offered for sale any day now.
FT reports that Time Warner, Comcast and Liberty Media could be interested in Rainbow.
Liberty Media is expected to take control of DIRECTV in the second half of the year. The company secured the satcaster in a stock swap with News Corp. late last year.
Voom could aid DIRECTV's plan to expand its national HD lineup to 100 channels by year's end. The Voom lineup includes niche channels on subjects such as fashion, world sports and horror films.