DirecTV CEO: “Never Say Never” To A Merger Deal With Dish Network

By | Thursday August 1, 2013 @ 1:38pm PDT

This was a lousy day for DirecTV after it reported lower-than-expected earnings, with especially weak results in Latin America. But CEO Michael White gave investors at least one reason to stick with the company: He signaled in a call with analysts that he’d be receptive to the idea of … Read More »

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Raycom Media Stations Go Dark On Dish Network Due To Retransmission Dispute

By | Thursday August 1, 2013 @ 10:58am PDT

The impasse in contract negotiations left Dish Network customers unable to watch programming from Raycom Media‘s 53 stations in 36 markets beginning at midnight. The broadcaster owns or controls ABC, CBS, Fox, NBC, CW, and MyNetworkTV affiliates in … Read More »

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Fox Loses Latest Effort To Block Dish Network’s Hopper Ad-Zapping DVR

By | Wednesday July 24, 2013 @ 8:43am PDT

21st Century Fox had hoped to persuade a federal appeals court in LA to overturn a decision that allowed Dish Network to keep selling its Hopper DVR while the companies battle over Fox’s claim that it infringes on its copyrights and breaches contracts. Read More »

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John Malone To Charlie Ergen: Merge Dish With DirecTV For The Industry’s Sake

By | Thursday July 11, 2013 @ 3:26pm PDT

John Malone is the largest individual investor in DirecTV and a former kingpin of pay TV, so why not offer advice to the satcaster’s lone rival? That’s just what he did Thursday at Allen & Co.’s … Read More »

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Dish Network Provides Live TV On Southwest Airlines Flights

By | Monday July 1, 2013 @ 7:40pm PDT

Less than a week after withdrawing its bid for wireless broadband provider Clearwire, the No. 2 satcaster is taking to the skies for a new partnership. Dish Network and Southwest Airlines unveiled a promotional deal today … Read More »

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Dish Network Withdraws Offer For Clearwire

By | Wednesday June 26, 2013 @ 1:33pm PDT

The wireless broadband company is down 2.2% in after hours trading following Dish Network‘s announcement that it has taken its $4.40 a share offer off the table. Dish says that it made its decision after Clearwire’s board Read More »

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Clearwire Urges Shareholders To Accept Sprint’s New Bid Over Dish Network’s

By | Thursday June 20, 2013 @ 12:51pm PDT

The tug of war over wireless broadband provider Clearwire just became more interesting, and precarious for Dish Network. Sprint has raised its offer for the 50% of Clearwire it doesn’t already own to $5 a share — valuing the wireless broadband company at more than $14B — which tops Dish Network’s $4.40 a share bid. That led Clearwire’s board today to switch sides: It now recommends that shareholders support Sprint instead of Dish. They’ll have a chance to vote on July 8 following the company’s decision to postpone a June 24 special meeting. “The amended agreement with Sprint clearly acknowledges the significant value present in Clearwire – from our deep portfolio of wireless spectrum to the tremendous amount of progress the Clearwire team has made in improving our operations and beginning the construction of our next-generation 4G LTE network,” CEO Erik Prusch says. In addition, shareholders owning about 9% of Clearwire have said that they’ll support Sprint. Between these investors — and others including Comcast and Intel who’ve supported the wireless phone company — Sprint believes that a majority of independent shareholders will support it over Dish. If they don’t, then Clearwire must pay Sprint a $115M break-up fee.   Read More »

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Dish Focus On Clearwire After Deadline Passes On Sprint Counteroffer

By | Wednesday June 19, 2013 @ 3:21pm PDT

Charlie Ergen’s Dish Network has been playing two games at once with Sprint Nextel: a bidding war with SoftBank for the entire company, while also attempting to acquire Sprint’s stake in spectrum-holder Clearwire. Missing today’s Sprint-imposed deadline … Read More »

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Dish Network Unveils Social Media App For Its Hopper DVR

By | Wednesday May 29, 2013 @ 7:04am PDT

The satellite company isn’t ready to give up on the single-screen TV viewing experience yet. It just rolled out an app, called Social, that it says is the industry’s “first and only set-top app that delivers on-screen social content relevant … Read More »

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Dish Network Missed Q1 Earnings Targets As Sub Growth Slowed

By | Thursday May 9, 2013 @ 3:51am PDT

The satellite company says that it was hit by several factors including the effects of a price increase, rising programming costs, and the continued downturn at Blockbuster. Dish ended up with Q1 net income of $210.7M, -41.5% vs the period last year, on revenues of $3.56B, -7.4%. Analysts thought revenues would come closer to $3.61B. And earnings at 47 cents a share were 6 cents short of the consensus forecast. The company ended the quarter with 14.1M subscribers, +36,000 vs an increase in last year’s Q1 of 104,000. Dish says it was hurt by a rate hike which it did not have last year. The deconsolidation of Blockbuster UK and closing of U.S. storefronts resulted in a 46% drop in the operation’s revenues to $180M, while operating income fell to $1M from $14M. It had about 650 domestic stores at the end of March, down 150 in the quarter, and says it will close another 150 this quarter. In the satellite business, the February price increase contributed to a 3% rise in the average revenue per subscriber to $78.54 a month. Read More »

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Sprint Approves Dish Network Effort To Move Ahead With Takeover Plan

By | Monday April 29, 2013 @ 2:19pm PDT

It’s a small step, but in the right direction as far as Dish Network is concerned. The satellite company says that it received a non-disclosure agreement from Sprint Nextel, which makes it easier for the companies to … Read More »

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Dish Network Offers $25.5B For Sprint Nextel

By | Monday April 15, 2013 @ 4:37am PDT

In a move that could potentially thwart SoftBank’s proposed $20B acquisition of 70% of Sprint Nextel, Dish Network has made an unsolicited $25.5B offer for the U.S. number three mobile services provider. Dish chairman Charlie Ergen said today that his company’s cash and stock bid is “a superior alternative to the pending SoftBank proposal.” Ergen, who has been amassing spectrum rights to launch his own wireless broadband network, also addressed the Clearwire situation. In October 2012, Sprint had begun negotiating to gain control of the portion of Clearwire it does not alredy own, in a deal that was seen as crucial to Softbank’s planned acquisition of Sprint. In January, Dish made an unsolicited bid for the wireless communications company. In a statement today, Ergen said, “Though not a condition of our proposal, we anticipate that the pending transaction with Clearwire would be completed.” Sprint shares were up in pre-market trading. The full Dish announcement is below:

DISH Network Corporation (NASDAQ: DISH) today announced that it has submitted a merger proposal to the Board of Directors of Sprint Nextel Corporation (NYSE: S) for a total cash and stock consideration of $25.5 billion. The DISH proposal clearly represents superior value to Sprint shareholders, including greater ownership in a combined company that is better positioned for the future with more spectrum, products, subscribers, financial scale and new opportunities.

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Cablevision Receives Bulk Of The Cash From VOOM Case Settlement

By | Monday April 8, 2013 @ 2:36pm PDT

The cable operator will pocket $525M and AMC Networks will end up with $175M the companies said today in an SEC filing. This was the last big question remaining after Dish Network agreed in October to pay $700M Read More »

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Dish Network Ups Borrowing Plan To $2.3B

By | Wednesday April 3, 2013 @ 6:52am PDT

Demand for Dish Network debt appears to be strong enough for the company to more than double its borrowing plan: It says this morning it’s selling two groups of senior notes in private placements for $2.3B, up Read More »

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Dish Network Takes On $1B In Debt Which May Fuel Spectrum Deals

The announcement provided a slight upward jolt to the satellite company’s stock this morning. Dish says that it will sell $1B in senior notes — details will come later in an SEC filing. But the press release pointedly says that … Read More »

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Aereo Exploring Alliances With Pay TV Distributors: WSJ

By | Monday April 1, 2013 @ 6:41am PDT

This is a nightmare scenario for broadcasters, although it appears from The Wall Street Journal’s report this morning that no deals are imminent. The story says that Aereo — the controversial Barry Diller-backed service that streams broadcasters’ over-the-air signals to its subscribers — has been chatting with companies including Dish Network and AT&T about potential package deals. Citing “people familiar with the matter,” the story says AT&T could offer broadband customers a deal that includes Aereo’s TV programming. Dish also could use Aereo as part of a small and low-cost package of channels that it would stream to subscribers. These ideas likely won’t move beyond the talking stage as long as broadcasters — including all of the leading networks — are asking the courts to rule that Aereo infringes on their copyrights. They say it appropriates their programming without their permission, and without paying them a dime. Aereo counters that it merely streams local signals that broadcasters already provide for free to anyone who has an antenna.

Related: Aereo Expands New York Service And Launches First Ad Campaign Read More »

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Dish Network Execs’ Compensation Cut In 2012 Despite Stock Gain

By | Friday March 22, 2013 @ 1:53pm PDT

Dish NetworkHere’s something you rarely see in Big Media: Dish Network — one of the industry’s most frugal companies when it comes to executive compensation — cut the outlays for most top execs, with CEO … Read More »

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Dish Network (Sort Of) Wins Breach Of Contract Case Against ESPN

By | Thursday February 28, 2013 @ 2:45pm PST

This was the judicial equivalent of damning with faint praise. In a breach of contract suit in New York, a federal jury unanimously agreed today with one of Dish Network‘s four claims against ESPN. It required the Disney-owned … Read More »

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AMC Networks Misses Q4 Earnings Estimates Following Dish Network Dispute

By | Tuesday February 26, 2013 @ 5:46am PST

The cable programming company’s shares fell 10.4% in initial trading this morning after it released Q4 financials. AMC Networks says it generated $15.2M in net income in the quarter, -48.5% vs the previous year, on revenues of $366.7M, +8.2%. Analysts expected revenues to be closer to $370.1M. And earnings at 21 cents a share fell short of forecasts for 65 cents. AMC says it missed about $31M in affiliate fees in Q4 as a result of the fight with Dish Network, which kept AMC Networks’ channels off the No. 2 satellite service for several months ending November 1. Since the breach of contract dispute involved the defunct VOOM suite of HD channels, the litigation expenses show up in the International and Other unit where revenues fell 16.9% to $32.6M and operations ended up with a $4.3M loss from last year’s $6.9M profit. Over at the main National Networks business, revenues were up 10.8% to $338.6M with an operating cash flow of $106.7M, +5.6%. AMC says that ad sales were up 16% to $157M “due to strong demand for our original programming, primarily at AMC.” Distribution revenues were up 6.8% to $182M. But the company notes that it had to shoulder higher programming and marketing expenses as well as the temporary loss of carriage on Dish. Read More »

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