DISH/Direct Merger

"There's No Entertainment Like Home"

 

Satguy's Home page Up

The Merger between DISH Network and DIRECT TV has officially been denied.  The FCC and Department of Justice have both denied the merger.  With that, Below is the statement from Charlie Ergen, CEO of Echostar, the parent company of DISH Network.

Statement of EchoStar Communications Corporation CEO

LITTLETON, Colo., Oct 31, 2002 (BUSINESS WIRE) -- In response to the announcement by U.S. Department of Justice and State Attorneys General, EchoStar Chairman and CEO, Charles Ergen, issued the following statement:

"I would like to personally thank all those, including our customers, consumers, legislators, employees and numerous others, who during the past year have supported this historic merger proposal. We also thank the regulatory officials at the Department of Justice, FCC and the states who worked diligently to analyze this complex merger and gave us the opportunity to express our views. We continue to believe passionately that the merger of EchoStar and Hughes is the best chance to stop rising cable prices and to bring enhanced services to all Americans, especially those consumers living in rural America. We are obviously disappointed that at this time we have not been able to convince regulatory officials to share our vision. EchoStar will continue to explore all possible means to be allowed to compete against the cable giants and for more choice for all consumers."

Echostar Communications Corporation and its DISH Network satellite TV system provide over 500 channels of digital video and CD-quality audio programming, as well as advanced satellite TV receiver hardware and installation nationwide. EchoStar is included in the Nasdaq-100 Index (NDX). DISH Network currently serves over 7.46 million customers. For more information, visit www.dishnetwork.com.

ALL PRICES, PROMOTIONS, AND PROGRAMMING IS SUBJECT TO CHANGE WITHOUT NOTICE.

PLEASE:

Email us for more information