Cablevision

Cablevision
Cablevision
From: Charles and Tom Dolan

Yesterday, Cablevision’s Board of Directors in a split vote passed a resolution to sell or dispose of Rainbow DBS, i.e., VOOM and VOOM 21.

While this news is startling, we wish to assure you that the board’s action is not in the slightest way a negative reflection upon you or the quality of your work.  In our opinion, it has to do with today’s post Enron regulatory climate, which places great emphasis on the potential legal liability of directors who sit on the boards of corporations involved with new enterprises such as RDBS.

It is our expectation that RDBS will be offered for sale as an operating business.  To do otherwise risks minimizing the return to Cablevision.  Sale of RDBS requires RDBS to continue to operate normally.  Should RDBS, the business, be sold, RDBS staff will simply work under new ownership.

Potential bidders for RDBS include members of the Dolan family.  We love working with a skilled group as dedicated as the RDBS staff, and we love the VOOM project.

We ask and appreciate your patience during this potentially confusing period.  The best advice we can provide you is to continue to focus on improving VOOM, both the product and the operation, and all of RME.  That is the most any employee at any time can contribute towards securing our future, but especially now.

We look forward to keeping you informed of these matters. Shelly Palmer

About Shelly Palmer

Named LinkedIn’s #1 Voice in Technology for 2017, Shelly Palmer is CEO of The Palmer Group, a strategic advisory, technology solutions and business development practice focused at the nexus of media and marketing with a special emphasis on machine learning and data-driven decision-making. He is Fox 5 New York's on-air tech and digital media expert, writes a weekly column for AdAge, and is a regular commentator on CNBC and CNN. Follow @shellypalmer or visit shellypalmer.com or subscribe to our daily email http://ow.ly/WsHcb

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