Formerly dismissed as satellite ventures, those companies are encroaching upon City Ballet's territory.

But since 2000, many satellite ventures have gone bankrupt and many others have struggled with steep drops in revenue.

"The longer the spinoff takes, the likelier it is that the satellite venture will eat up capital generated by Cablevision's core business."

Also at issue is the American satellite venture.

Now, however, both companies are trying satellite ventures again.

He said he "bet everything" on the satellite venture, putting up most of the $85 million in financing.

Analysts said the News Corporation would provide entertainment programs to the satellite venture through its Fox television network.

Wall Street analysts say that if the satellite ventures work, Motorola's prospects will be enormous.

Analysts say that the satellite venture should become hugely profitable by the mid-1990's.

The increase came despite a $35 million charge for writing down the value of a satellite venture.