Voom … did you see that?

Cablevision

Cablevision
Cablevision
The NY Post Reports: In a rare blow for Cablevision patriarch Chuck Dolan, the company announced last night that it had entered a deal to sell its Voom satellite business to Charlie Ergen’s EchoStar for $200 million.

Voom — part of Cablevision’s Rainbow Media unit — had been Dolan’s pet project, but twice in recent months he was dissed by the board of directors and his own son, CEO Jimmy Dolan, after he sought to continue funding the venture. Read The Full Story.

Talk about spaced out?  This didn’t take long at all.  Several very nervous insiders were quietly starting to send their resumes around yesterday.  Said one, “I don’t think I’ll wait for the next memo.” Shelly Palmer

About Shelly Palmer

Shelly Palmer is a business advisor and technology consultant. He helps Fortune 500 companies with digital transformation, media and marketing. Named LinkedIn's Top Voice in Technology, he is the co-host of "Think About This with Shelly Palmer & Ross Martin" on the Westwood One Podcast Network. He covers tech and business for Good Day New York, writes a weekly column for Adweek, is a regular commentator on CNN and CNBC, and writes a popular daily business blog. Follow @shellypalmer or visit shellypalmer.com

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