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Cablevision, AMC Announce Settlement with DISH Network

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Cablevision Systems Corporation (NYSE: CVC) and AMC Networks (NASDAQ: AMCX) today announced that they have settled their litigation with DISH
Network (NASDAQ: DISH) related to VOOM HD Holdings LLC. The lawsuit,
VOOM HD Holdings LLC v. EchoStar Satellite LLC, was filed in the Supreme
Court of the State of New York, County of New York.

The settlement agreements include the following components:

DISH Network pays a cash settlement of $700 million to Cablevision and
AMC Networks, $80 million of which is in consideration for the
purchase of Cablevision's multichannel video and data distribution
service (MVDDS) licenses in 45 metropolitan areas in the U.S.;

See full press release

Posted-In: News Guidance Contracts Management Global

 

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