Dish Network | featured news

Dish Network Corp, the No. 2 U.S. satellite television provider, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecommunications or video companies to consider their own prospects of combining.

Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel Corp. away from its Japanese suitor in recognition of the way satellite dishes are losing their relevance in the age of cellphones that play YouTube videos.

Terms of the settlement call for DISH Network to pay $700 million in cash. As part of the agreement, DISH will receive 500 MHz of wireless multichannel video distribution and data service ("MVDDS") spectrum licenses that cover a population of 150 million in 45 DMAs including New York, Los Angeles, Chicago, San Francisco and Philadelphia. As part of a separate, multi-year agreement, DISH will resume broadcast of the AMC channel Sunday, October 21. The AMC channel will be carried on DISH channel 131.

Dish Network is adding a satellite broadband service called dishNET that will target rural customers with little or no current Internet access.

Companies often tout their workplaces as an inviting environment for employees. Yet many are far from it, and workers at many of the largest corporations dislike, or even hate, their jobs.

CBS, NBC and Fox will face Dish in court starting Monday over its commercial-skipping feature AutoHop, which works on TV network programs recorded on DVRs.

Dish Network, the smaller of the nation's two satellite broadcasters, saw profit and revenue rise last quarter but lost 111,000 subscribers, citing intense competition -- including heavy discounting by rivals -- a weak housing market and lower discretionary spending by consumers.

Dish Network this morning unveiled Blockbuster Movie Pass, a bundled combination of streaming video, DVDs by mail and satellite subscription service. The initial package is being offered specifically to Dish satellite service subscribers; the company said it will offered service to non-Dish subscribers down the road. Dish CEO Joe Clayton notes that the service provides ...

Thousands of rental movies will be available in stores for 99 cents per day, and the company is now also promoting single-day rentals.

TiVo late Tuesday reported better-than-expected results for its fiscal first quarter ended April 30. For the quarter, the DVR seller posted revenue of $45.7 million and diluted EPS of $1.04 a share, with adjusted EBITDA of $149.4 million. The Street had been expecting revenue if $42 million and a loss of 31 cents a share. Adjusted EBITDA and net income reflect litigation proceeds of $175.7 million from the company’s recent patent infringement settlement with Dish Network.