Advanced Television

charlie ergen

Dish Network: 52 week low

Charlie Ergen’s Dish Network pay-TV platform suffered a major stock-market hit on May 6th and damaged by news of a thumping 462,000 net subscriber loss during its Q1 trading. Dish’s share price fell 19.4 per cent by the close of trading, and a 52-week ‘low’ and with shares actually trading at $19.57 (compared with $47.05 […]

May 9, 2022By Chris Forrester

Analyst: EchoStar FY below expectations

Charlie Ergen’s EchoStar finished the year “with a thud” according to a report from Quilty Analytics. EchoStar has as a subsidiary a fast-growing business in Hughes Network Systems. But despite this benefit the end-of-year results were a disappointment. Hughes service revenues decline some 2 per cent and representing the first fall since EchoStar acquired Hughes […]

March 15, 2022By Chris Forrester

Ergen: “DISH, DirecTV will melt away without merger”

Charlie Ergen, speaking to analysts following his company’s results announcement, said that without a merger between DirecTV and his own DISH Network the risk is that transmissions from the tow pay-TV operators “will just melt away”. Ergen repeated his previous statements that a merger was inevitable. “The regulatory reasons to not allow [a merger] don’t […]

February 25, 2022By Chris Forrester

Akhavan replaces Dugan as EchoStar CEO

Michael Dugan, President & CEO at EchoStar, is retiring after 30 years of working with Charlie Ergen and the EchoStar/Dish family of businesses. He is being replaced by Hamid Akhavan. Dugan will remain on the board of directors and will serve as a strategic advisor to the company. Akhavan will take over at the end […]

February 23, 2022By Chris Forrester

Dish and DirecTV: What about the satellites?

At the moment, any merger plan between Dish Network and AT&T’s DirecTV is just behind the scenes talk. But it could happen, and if so, how would the pair start saving cash? The usual synergy promises will trim head-count and the marketing and advertising budgets would be trimmed. But what about those orbital assets? The […]

January 18, 2022

DISH, DirecTV renew merger talks

AT&T’s DirecTV and Charlie Ergen’s DISH Network have reportedly resumed talks regarding merging their DTH operations – and a deal could be close. The New York Post says it has learned that discussions are again taking place despite past anti-trust concerns that such discussions would never pass muster with the competition authorities. The Post says […]

January 12, 2022By Chris Forrester

Dish to raise $4bn

US DTH operator Dish Network is to raise $4 billion (€3.45bn) in senior secured notes. The cash-raising is being conducted through its Dish DBS Corporation sister company and will be used to fund an inter-company loan to Dish Network in order to finance the potential purchase of wireless spectrum licences. The news comes on top […]

November 9, 2021By Chris Forrester

Ergen: DirecTV/DISH merger “inevitable”

Charlie Ergen, speaking to analysts on the DISH Network post-results analysts call, again touched on the prospects for a merger between DirecTV and Ergen’s DISH, saying a combination was “inevitable”. While the question and prospects of a merger have been discussed for some time, Ergen told analysts that, as he had said before, “that those […]

August 12, 2021By Chris Forrester

EchoStar prepares for key launch

EchoStar, a business owned by Charlie Ergen, has a crucial date on June 25th for a rocket and satellite launch. If the satellite is successfully put into orbit then Ergen will secure near-global rights to S-band licences. If it doesn’t work – and two previous attempts have failed – then Ergen’s permissions to use the […]

June 24, 2021

Dish Network raises $1.25bn in new debt

Charlie Ergen’s DTH operation Dish Network intends on raising $1.25 billion in fresh debt by means of new senior notes. The cash will be raised via Dish DBS Corp, a subsidiary company. Dish will use the cash to refund some existing debt and general corporate purposes. A week ago, Dish reported quarterly earnings of 99c/share […]

May 11, 2021By Chris Forrester