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Stock Market & Financial Investment News

News Breaks
February 21, 2014
08:08 EDTDISH, SATSEchostar reaches agreement with DISH Network effective March 1
EchoStar (SATS) announced that it has reached agreement with DISH (DISH) for a strategic transaction, effective March 1. EchoStar and its subsidiaries will receive five satellites along with related liabilities for in-orbit incentive payments to the manufacturers of certain of those satellites, and approximately $11M in cash from DISH in exchange for two issues of preferred tracking stock. As of December 31, 2013 the HRG had approximately 635,000 U.S. retail satellite broadband subscribers. EchoStar and DISH have entered into a long-term operating lease agreement for transponder services to DISH on the satellites to be received by EchoStar and its subsidiaries. EchoStar is expecting to generate approximately $145M of incremental revenue from the new satellites in 2014.
News For SATS;DISH From The Last 14 Days
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July 31, 2015
05:59 EDTDISHRovi price target lowered to $26 from $29 at Piper Jaffray
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July 22, 2015
19:40 EDTDISHDISH executive says auction strategy 'complied with all legal requirements'
In response to the FCC's proposal to deny roughly $3.3B in spectrum auction discounts, DISH EVP and general counsel R. Stanton Dodge stated, "We respectfully disagree with the proposed denial of the bidding credits. Our approach to the AWS-3 auction, which followed 20 years of FCC precedent and complied with all legal requirements, was intended to enhance competition -- in the auction and in the marketplace long term. Our investments in NorthStar and SNR helped make the AWS-3 auction the most successful spectrum auction in FCC history, and resulted in more than $20B of direct benefit to the American taxpayer." Reference Link
17:35 EDTDISHDISH meets with FCC, says draft order would deny $3.3B in auction discounts
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July 21, 2015
18:11 EDTDISHHarbinger Capital sues DISH over LightSquared, Reuters reports
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July 20, 2015
19:34 EDTDISHDISH customers to lose WDIV-TV Local 4
WDIV-TV Local 4 is about to go dark for all DISH (DISH) TV subscribers. WDIV and its parent organization, Graham Media Group, a subsidiary of Graham Holdings (GHC), stated, "The satellite provider has been unwilling to strike a reasonable deal with the local content provider. On Wednesday, July 22 at 7 p.m. subscribers will no longer be able to watch programs like Local 4 News, NBC's Today, NBC Nightly News, The Tonight Show starring Jimmy Fallon, Saturday Night Live, The Voice, The Blacklist, Sunday Night Football and more. DISH charges its subscribers a monthly fee to get these programs, so essentially their estimated 127,000 Detroit area customers will not be getting what they pay for. That includes important local news and weather information in emergency situations from the Local 4 News team."

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