Dish Network has received signed commitment letters from five banks, according to people familiar with the matter, bringing it closer to arranging $9 billion in committed financing for a planned $25.5 billion acquisition bid for Sprint Nextel. Dish has raised nearly $12 billion for the deal, which will compete with October’s $20.1 billion offer by SoftBank to acquire 70 percent of Sprint. The financing arrives a few days after Sprint agreed to enter into negotiations with Dish. Continue reading Dish Goes Up Against SoftBank to Purchase Sprint Nextel
By
Rob ScottApril 16, 2013
Pay TV operator Dish Network announced yesterday that it has placed a $25.5 billion bid for wireless carrier Sprint Nextel, which is presently ranked third in the U.S. behind Verizon Wireless and AT&T. Dish Network’s chairman and former CEO Charlie Ergen is hoping to bridge the gap of current wireless models by offering customers faster and more affordable television, high-speed Internet and cellphone services in a single package. Continue reading Dish Network Submits $25.5 Billion Bid for Sprint Nextel
By
Rob ScottApril 2, 2013
Aereo, the Internet service startup backed by Barry Diller that streams TV stations without compensation, has won another battle with broadcasters. The U.S. Court of Appeals for the Second Circuit in New York yesterday upheld a ruling in favor of Aereo, which could set the stage for a full-blown trial. Broadcasters sued the startup last year claiming the service violates copyright law, but a district court judge denied the request for a preliminary injunction. Monday’s 2-1 decision affirms the lower court ruling. Continue reading Aereo Wins Again: Federal Appeals Court Upholds Ruling
By
emeadowsFebruary 22, 2013
Amidst shrinking numbers, Dish Network chief Charlie Ergen isn’t sugar coating anything. He’s concerned about the long-term fate of the company’s core subscription TV business and sees cord-cutting as a growing trend. Dish’s recent earnings plunge was largely because of a $700 million settlement with Cablevision in October, along with rising programming costs. Even so, his biggest concern is how younger consumers are taking in content. Continue reading Dish Network Chief Exec Talks Realities of Cord-Cutting
By
Rob ScottFebruary 13, 2013
Charlie Ergen, chairman and co-founder of Dish Network, gave an hour-long keynote interview at this week’s D:Dive Into Media conference in Dana Point, California. While the discussion addressed Ergen’s take on topics such as the future of wireless and the potential of a la carte programming, host Peter Kafka focused on the Dish Network’s Hopper and the controversy surrounding ad-skipping technology. Continue reading Dish Chairman Discusses Hopper, Programming and Wireless