Dish And Voom Reach Settlement

By: Associated Press
By: Associated Press

NEW YORK (AP) -- Cablevision Systems Corp. and AMC Networks say they have reached a settlement with Dish Network related to Voom HD Holdings.
As part of the settlement, Dish Network will pay $700 million in cash to Cablevision and AMC Networks, $80 million of which is in consideration for the purchase of Cablevision's multichannel video and data distribution services licenses in 45 metropolitan areas in the U.S.
It also stipulates that Dish enter into a long-term distribution agreement with AMC Networks to carry AMC, IFC, Sundance Channel and We tv and with the Madison Square Garden Co. to carry Fuse on it satellite service.
Cablevision had sued Dish for more than $2.5 billion in damages for cutting short a deal to carry AMC's Voom TV service.
AP-WF-10-21-12 2000GMT

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