Saturday
April
30
2016
12:12 am
Weather
 
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
 
Dish, DirecTV shares rise on reported merger talk
March 27, 2014, 05:00 AM The Associated Press

LOS ANGELES — Shares of satellite TV companies Dish and DirecTV surged in midday trading Wednesday after a report said that Dish Chairman Charlie Ergen had contacted DirecTV CEO Mike White about merging.

Bloomberg News reported Ergen initiated the discussion in response to Comcast Corp.’s pending $45 billion acquisition of Time Warner Cable Inc., which was announced last month. The news service cited several unnamed sources.

Dish Network Corp. spokesman Bob Toevs declined to comment. DirecTV spokesman Robert Mercer said the company doesn’t comment on speculation.

The companies last tried to merge more than a decade ago, but the Federal Communications Commission killed the deal in 2002 because it would eliminate competition. While Ergen has long supported the two companies coming together, White has been less vocal about the matter.

White told an investors conference earlier this month, however, that the video industry has changed in the last decade, gotten more competitive because of the entry of telecommunications companies, and expects it to change more in the next five years.

Dish shares rose $3.67, or 6.3 percent, to $62.09, while DirecTV shares rose $4.17, or 5.7 percent, to $77.34.

Dish is based in Englewood, Colo., and DirecTV is based in El Segundo, Calif.

 

 

Tags: directv, companies, ergen, white, shares,


Other stories from today:

 

 
Print this Page Print this Page  | 
<< Back
 
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
The California Republican convention on Burlingame's Bayshore this weekend will feature Donald Trump, John Kasich, Ted Cruz and Carly Fiorina as speakers, what will you be doing?

Celebrating
Protesting
Trying to get in
Reading news reports of it
Staying away from Burlingame's Bayshore

 

 
May the 4th Be With You!
 
 
 
 
Protesters get rowdy at California hotel before Trump speech
BURLINGAME — Several hundred protesters opposing Donald Trump gathered Friday outside the hotel wh..
Trump making case to GOP insiders after chaotic rally scene
LOS ANGELES — Donald Trump, the outsider, is making his case to California's Republican establishm..
Punishments but no criminal charges in US attack on hospital
WASHINGTON — A U.S. aerial gunship attack on a hospital in Afghanistan that killed 42 people occur..
Iran votes in parliamentary runoff as rare shooting wounds 4
TEHRAN, Iran — Iranians voted Friday in the country's parliamentary runoff elections, a key poll t..
More >>  
 
 
  
 
  
 
©2016 San Mateo Daily Journal
San Mateo County blogs