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09-14-2024, 09:11 AM | #1216 | |||
Mindful Taoist German
Join Date: Aug 2000
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Not with Sunday Ticket and Google's billions backing them.
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09-30-2024, 09:19 AM | #1217 |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
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DirecTV is buying Dish and Sling, a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant.
DirecTV said Monday that it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that includes a payment of $1, plus the assumption of debt. The prospect of a DirecTV-Dish combo has long been rumored, with headlines about reported talks popping up over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked their owners’ then-$18.5 billion deal, citing antitrust concerns. The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming giants, demand for more traditional satellite continues to shrink. And, although high-profile acquisitions have proven to be particularly tough under the Biden-Harris administration, that may make regulators more inclined to approve DirecTV and Dish’s pairing this time around. DirecTV said Monday that the transaction will help it bring smaller content packages to consumer at lower prices. It’s hoping this will appeal to those who have left satellite video services for streaming. The company said that combined, DirecTV and Dish have collectively lost 63% of their satellite “DirecTV operates in a highly competitive video distribution industry,” DirecTV CEO Bill Morrow said in a statement. “With greater scale, we expect a combined DirecTV and Dish will be better able to work with programmers to realize our vision for the future of tv, which is to aggregate, curate, and distribute content tailored to customers’ interests, and to be better positioned to realize operating efficiencies while creating value for customers through additional investment.” The current deal could provide a key lifeline for EchoStar. The Colorado-based telecommunications company has reportedly faced the prospect of bankruptcy as it continues to burn through cash and see losses pile up. In a recent securities filing, EchoStar disclosed that it had just $521 million in “cash on hand.” And the company forecast negative cash flows for the remainder of the year — while also pointing to major looming debt payments, with more than $1.98 billion of debt set to mature in November. “With an improved financial profile, we will be better positioned to continue enhancing and deploying our nationwide 5G Open RAN wireless network,” EchoStar President and CEO Hamid Akhavan said. “This will provide U.S. wireless consumers with more choices and help to drive innovation at a faster pace.” EchoStar’s stock climbed nearly 3% before the market open. The DirecTV and Dish deal is targeted to close in 2025’s fourth quarter. The combined company will be based in El Segundo, California. Shortly before DirecTV made its announcement, AT&T said it was selling its remaining stake in DirecTV to private equity firm TPG in a deal valued at about $7.6 billion. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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09-30-2024, 10:14 AM | #1218 |
Spiraling down the Drain
Join Date: Oct 2012
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Bad news for Sat customers.
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"We're both part of the same hypocrisy, Senator, but never think it applies to my family." "Fredo. You are my brother, and I love you. But never take sides against the Family again. Ever." 2019 Adopt a Chief - Travis Kelce #87 |
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09-30-2024, 10:36 AM | #1219 |
Would an idiot do that?
Join Date: Nov 2000
Location: Arizona
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Dish is probably the worst in terms of contract disputes over sports, but I think in general was far cheaper than DirecTV... and last time I had researched, those ****sticks required a two year contract while only guaranteeing cost for one year.
They're basically the Ticketmaster of content providers.
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09-30-2024, 12:38 PM | #1220 |
Veteran
Join Date: Jan 2005
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This won’t end well.
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09-30-2024, 03:16 PM | #1221 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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This is like Blockbuster merging with Hollywood Video.
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