I came really close to subscribing to VOOM. Looked like an awesome package but the cost of entry was just too high. Too bad they couldn't pull it off.

Cablevision announced last night it is pulling the plug on its Voom satellite TV service and on chairman Charles Dolan's quixotic plan to take the failed venture off the company's hands a nd resuscitate it.

The company, which had signed a letter of intent on February 10 to give Voom to a private firm being formed by Dolan, said discussions with him had ended without reaching a definitive agreement by yesterday's deadline set by the board. "As a result, Cablevision will close down the Voom business," the company said.
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In an amended regulatory filing last week, Cablevision, which had said it was slashing its estimated value of Voom by $355 million, added that there may be additional "impairment charges," especially if it could not close a deal with Dolan.

Dolan has blamed the board's defiance on the post-Enron era, in which directors are afraid that they could be held personally liable if they back risky ventures and maneuvers that may backfire. The Cablevision board discussed Voom at a special meeting yesterday.

Bethpage-based Cablevision said yesterday that remaining Voom customers will be given a transition period of at least 30 days before service is cut off and that its employees will be encouraged to seek other jobs at Cablevision.