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 […]
Charlie Ergen, who is a major shareholder in Dish Network and EchoStar, has enjoyed a bump in his overall salary and compensation. Ergen is not quite in the same league as Jeff Bezos or Elon Musk, but this past year his total compensation has rocketed from $2.36 million to $94.7 million although a large portion […]
The top 10 service providers in the US that provide figures collectively lost 1,265,100 television subscribers in the fourth quarter of 2020, according to the informitv Multiscreen Index. They lost 5.98 million television
A study from Northern Sky research (NSR) confirms a definite downward trend in video-related revenues for the world’s main satellite operators. NRS’s Satellite Industry’s Financial Analysis, 10th Edition report gives
DISH Network and DraftKings have announced a strategic agreement across DISH’s portfolio of brands to bring DraftKings’ sportsbook and daily fantasy experiences directly to DISH customers throughout the US, beginning with a DraftKings app integration on the DISH TV Hopper platform. The agreement also allows for subsequent DraftKings sportsbook and daily fantasy experiences with DISH […]
The number of pay-TV subscribers in Canada and the US will fall by 43 million from 116 million in the peak year of 2010 to 74 million in 2026, according to Digital TV Research. The US will lose 41 million, with Canada down by nearly 2 million. The number of pay-TV subscribers plummeted by 27 […]
Charlie Ergen’s Dish Network has priced an offering for $2 billion-worth of bonds. Dish, in connection with the offering, has also granted the initial purchaser a 30-day option to purchase up to an additional $300 million in aggregate principal amount of the Notes. The Notes will mature on December 15th 2025. The Notes will not […]
Charlie Ergen’s Dish Network DTH operator has settled a $210 million (€173m) penalty in its dispute with the US government over breaching telemarketing rules. The case involved claims that “millions” of illegal calls were made to promote satellite TV. The states of California, Illinois, North Carolina and Ohio were also involved in the litigation and […]
The FCC used Thanksgiving Eve to tell Charlie Ergen that his Dish Network had improperly received $3.3 billion in 5G licence fee discounts back in 2015. The 25 per cent fee discounts were tapped by Dish Network because Ergen’s team had claimed – successfully at the time – that it was a “designated entity” as […]
DISH Network, the US pay-TV broadcaster, has reported revenue totalling $4.53 billion (€3.81bn) for the quarter ending September 30th 2020, compared to $3.17 billion for the corresponding period in 2019. Net income attributable to DISH Network totalled $505 million for the third quarter 2020, compared to $353 million from the year-ago quarter. Diluted earnings per […]