Updated with closing stock price. Shares in EchoStar fell 5% on heavy volume Tuesday in their first trading day after the close of the company’s merger with corporate sibling Dish Network.
The stock finished at $15.71 on volume that was more than four times the average level. The tech-heavy Nasdaq dropped 1.6% on the day after a number of big names like Apple came under pressure.
EchoStar, which focuses on wireless businesses, and pay-tv provider Dish were both co-founded by Charlie Ergen, who is now executive chairman of the combined company. Their all-stock merger, announced last summer, closed on Sunday. Stock markets were idle on Monday due to the New Year’s holiday.
Previous: Shares in EchoStar were flat Tuesday morning on the first day of trading since the closing of the wireless firm’s merger with Dish Network.
The all-stock deal, announced last summer, officially closed on Sunday. Dish had been...
The stock finished at $15.71 on volume that was more than four times the average level. The tech-heavy Nasdaq dropped 1.6% on the day after a number of big names like Apple came under pressure.
EchoStar, which focuses on wireless businesses, and pay-tv provider Dish were both co-founded by Charlie Ergen, who is now executive chairman of the combined company. Their all-stock merger, announced last summer, closed on Sunday. Stock markets were idle on Monday due to the New Year’s holiday.
Previous: Shares in EchoStar were flat Tuesday morning on the first day of trading since the closing of the wireless firm’s merger with Dish Network.
The all-stock deal, announced last summer, officially closed on Sunday. Dish had been...
- 1/2/2024
- by Dade Hayes
- Deadline Film + TV
Telecom mogul Charlie Ergen’s empire is reunited again, with an all-stock merger of satellite TV and streaming service provider Dish Network with broadband and communications provider EchoStar Corp. now having closed.
EchoStar CEO Hamid Akhavan will serve as president and CEO of the combined company, known as EchoStar, with Ergen, who has controlled both companies, serving as executive chairman.
John Swieringa, president and COO of Dish Wireless, serves as president, technology and chief operating officer of the combined firm. Erik Carlson, who served as president and CEO of Dish Network until the closing of the transaction, previously said he would depart the business once the deal closes.
Following the close, Dish Network shareholders own approximately 69 percent, and existing EchoStar Corporation shareholders own approximately 31 percent of the common stock of the combined company.
“The completion of this merger marks an important milestone for our company and our customers, launching a new era of connectivity,...
EchoStar CEO Hamid Akhavan will serve as president and CEO of the combined company, known as EchoStar, with Ergen, who has controlled both companies, serving as executive chairman.
John Swieringa, president and COO of Dish Wireless, serves as president, technology and chief operating officer of the combined firm. Erik Carlson, who served as president and CEO of Dish Network until the closing of the transaction, previously said he would depart the business once the deal closes.
Following the close, Dish Network shareholders own approximately 69 percent, and existing EchoStar Corporation shareholders own approximately 31 percent of the common stock of the combined company.
“The completion of this merger marks an important milestone for our company and our customers, launching a new era of connectivity,...
- 1/2/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
Dish swung to a $139 million loss last quarter from a $412 million profit the year before, the company said today, as pay-tv subscribers fell. The news pummeled the stock, which fell 20% this morning,
Net pay-tv subs decreased approximately 64,000 in for the third quarter ended in September, compared to a net increase of approximately 30,000 in the year-earlier period.
The company closed the quarter with 8.84 million pay-tv subscribers, including 6.72 million Dish TV subscribers and 2.12 million Sling TV subscribers.
Cord-cutting has taken a bite out of traditional pay-tv subscriptions with the landscape increasingly unsettled as operators push back on programmers. Dish said Sept. 8 that Hearst Television had forced a channel black out on Dish TV, removing customer access to 37 local channels in 27 markets.
“Dish has been in discussions with Hearst for months working to reach an agreement to keep its channels on air for customers. Instead, Hearst is demanding tens of millions of dollars...
Net pay-tv subs decreased approximately 64,000 in for the third quarter ended in September, compared to a net increase of approximately 30,000 in the year-earlier period.
The company closed the quarter with 8.84 million pay-tv subscribers, including 6.72 million Dish TV subscribers and 2.12 million Sling TV subscribers.
Cord-cutting has taken a bite out of traditional pay-tv subscriptions with the landscape increasingly unsettled as operators push back on programmers. Dish said Sept. 8 that Hearst Television had forced a channel black out on Dish TV, removing customer access to 37 local channels in 27 markets.
“Dish has been in discussions with Hearst for months working to reach an agreement to keep its channels on air for customers. Instead, Hearst is demanding tens of millions of dollars...
- 11/6/2023
- by Jill Goldsmith
- Deadline Film + TV
Sling TV, Dish Network’s internet TV service, has added nine Discovery networks on its national and Spanish-language services, along with several thousand VOD titles.
At the same time, Sling TV customers currently remain without access to Univision or HBO channels, amid ongoing contract disputes between Dish and the programmers. As of the end of September, Dish reported a total of 2.37 million Sling TV subscribers but the lack of Univision and HBO threatens to impede its near-term growth.
With the launch of Discovery networks on Sling TV, pricing remains unchanged. The over-the-top service offers two plans — the single-stream Sling Orange, which includes Disney and ESPN networks; and the multistream Sling Blue, which includes NBC and Fox networks — priced at $25 per month each, or $40 per month when purchased together.
Starting Wednesday (Nov. 28), Sling Blue now includes Discovery Channel, Investigation Discovery (ID) and TLC; the Sling Orange package includes ID and MotorTrend...
At the same time, Sling TV customers currently remain without access to Univision or HBO channels, amid ongoing contract disputes between Dish and the programmers. As of the end of September, Dish reported a total of 2.37 million Sling TV subscribers but the lack of Univision and HBO threatens to impede its near-term growth.
With the launch of Discovery networks on Sling TV, pricing remains unchanged. The over-the-top service offers two plans — the single-stream Sling Orange, which includes Disney and ESPN networks; and the multistream Sling Blue, which includes NBC and Fox networks — priced at $25 per month each, or $40 per month when purchased together.
Starting Wednesday (Nov. 28), Sling Blue now includes Discovery Channel, Investigation Discovery (ID) and TLC; the Sling Orange package includes ID and MotorTrend...
- 11/28/2018
- by Todd Spangler
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.