All articles tagged with #satellite tv
Originally Published 7 months ago — by NPR
A new satellite TV channel called Russia's Future, launched by Navalny's Anti-Corruption Foundation and Reporters Without Borders, aims to provide Russians with access to banned political content and independent journalism, especially amid increased censorship and propaganda in Russia, helping to keep Navalny's legacy alive.
Originally Published 1 year ago — by New York Post
DirecTV has terminated its acquisition of satellite TV rival Dish due to Dish bondholders rejecting a debt exchange proposal, which was crucial for the merger. The deal, initially announced in September, aimed to consolidate the shrinking pay TV market by combining DirecTV and Dish's 20 million subscribers. DirecTV CEO Bill Morrow cited the need to protect the company's balance sheet and operational flexibility as reasons for the termination. This marks the second failed merger attempt between the two companies, following a blocked deal in 2002.
Originally Published 1 year ago — by Ars Technica
DirecTV has terminated its deal to acquire Dish Network's satellite business due to disagreements over exchange terms with Dish bondholders. Despite this, AT&T's plan to sell its 70% stake in DirecTV to TPG is still proceeding, with completion expected in the second half of 2025. EchoStar, Dish's parent company, aims to focus on its 5G network ambitions. DirecTV and Dish previously attempted a merger over two decades ago, which was blocked by antitrust concerns.
Originally Published 1 year ago — by CNN
DirecTV has canceled its agreement to merge with Echostar's satellite TV business, which includes Dish TV, due to unfavorable debt exchange terms. The merger would have created a major pay TV distributor with 20 million subscribers. DirecTV was set to assume $9.75 billion of Dish's debt, but the deal required Dish bondholders to accept a significant debt reduction. The termination, effective Friday, was necessary to protect DirecTV's financial stability, according to CEO Bill Morrow.
Originally Published 1 year ago — by Axios
DirecTV has terminated its planned acquisition of Dish Network after bondholders rejected a crucial debt swap, which was essential for the deal's success. The merger was seen as vital for the survival of both struggling satellite TV providers. Despite the setback, DirecTV's CEO Bill Morrow stated the company is well-positioned for the future with a strong balance sheet. This marks the second failed merger attempt between the two companies, with the first blocked in 2002 due to competition concerns.
Originally Published 2 years ago — by SpaceNews
Dish Network CEO Erik Carlson is resigning ahead of the company's merger with EchoStar, its sister company focused on providing broadband services from space. Dish Network reported a drop in satellite TV customers, with net pay-TV subscribers falling by about 64,000 in the three months to September 30. The company's revenues for the third quarter of 2023 fell nearly 10% year-on-year to $3.1 billion, and it posted a net loss of $139 million. Dish Network and EchoStar intend to complete the merger before the end of 2023.
Originally Published 2 years ago — by USA TODAY
The Federal Communications Commission (FCC) is proposing a rule that would require cable and satellite TV providers to refund consumers if their service goes out for more than 24 hours. The proposal comes in response to recent blackouts, such as the disputes between Charter Communications and Disney, and Nexstar and DirecTV, which left millions of customers without access to channels. The refunds could come in the form of refunded money, credit on the bill, or a decreased bill for the following month. The FCC is also considering a reporting component to track blackout occurrences.