The deal would provide a loan to Dish parent EchoStar Communications and also prompt the departure of AT&T from its ownership of DirecTV.
Satellite TV provider DirecTV has agreed to buy longtime competitor Dish Network, throwing a lifeline to the troubled Colorado-based broadcaster that helped pioneer the industry. The proposed consolidation, announced early Monday, highlights the challenges facing traditional television.
It's not just cable TV and satellite TV anymore,' Morrow said. 'We are the ones in the minority; we're the ones that are dropping like flies.' The regulatory review is expected to take about a year, the companies said. 'It’s hard to imagine that regulators would block a deal,' telecommunications industry analyst Craig Moffett wrote in a recent email. 'Better to have one than none.' Ergen's company has been staggering under a heavy debt load.
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