DISH Network Corp. Posts

DISH Network Corp (DISH) is now selling Super Joey

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DISH Network Corp (NASDAQ:DISH) is now selling Super Joey, which allows customers to record an industry-leading eight shows. The Super Joey adds network tuners to Hopper’s three native tuners and is available to new and current customers. The Super Joey lets households record up to 8 shows at the same time.
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Dish has gained the rights to launch an Internet TV service

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Dish Network and Disney has confirmed that they have reached a retransmission agreement on Monday. The agreement forces Dish to turn off automated ad skipping for ABC shows, but it gives Dish the rights to include ABC and ESPN programming “as part of an Internet delivered, IP-based multichannel offering.”

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Dish decides to pull the LightSquared deal

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Dish Network Corporation, the satellite TV conglomerate, has decided not to pursue the acquisition of LightSquared. Dish Network withdrew the $2.2 billion to buy the bankrupt wireless broadband company. Dish Network chairman Charles Ergen started a trial today regarding whether he had unlawfully bought LightSquared’s debt in order to take over the company.
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Dish announces Hopper and Joey products at CES

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Dish Network has made an announcement at CES. Dish has improved the popular Hopper streaming DVR and Joey set-top boxes. The Joey set-top boxes includes the Super Joey and Wireless Joey. Dish also created a new Kindle app.
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Blockbuster Is Shutting Down All Remaining Stores

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Blockbuster has decided to give up in the DVD rental business in an industry where many people now prefer Internet streaming, mail deliveries, and Redbox’s one-day rentals.  Blockbuster’s parent company Dish said that they will be shutting down all of the remaining company-owned Blockbuster stores in the U.S. by early January 2014.  This will affect 300 remaining retail stores along with Blockbuster’s distribution centers.  Blockbuster’s By Mail service will also be shutting down in the middle of December.  Only the franchised and licensed stores in the U.S. and abroad will remain open.

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Harbinger Capital Files $4 Billion Lawsuit Against Dish Network

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Harbinger Capital Partners has filed a lawsuit against Dish Network and the company’s chairman Charlie Ergen.  Harbinger claims that Dish Network allegedly “engaged in a fraudulent scheme” to take over LightSquared.  LightSquared is a bankrupt wireless services provider.  The lawsuit was filed in the U.S. Bankruptcy Court, Southern District of New York.  EchoStar Corporation was also named in the lawsuit along with SP Special Opportunities and L-Band Acquisition LLC.

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Softbank Completes $21.6 Billion Acquisition Of Sprint

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Softbank has completed the $21.6 billion acquisition of Sprint, assuming they are approved by the FCC.  Softbank will now own 78% of the new Sprint Corporation.  Sprint’s equity holders will own around 22%.  The deal was announced last fall, but there was a setback when Dish came along and made an offer.  Dish had also made a bid for Clearwire, a company that Sprint made a bid for.  Clearwire shareholders approved of Sprint’s buyout already.  Dan Hesse will remain as the CEO of Sprint.  Softbank’s Masayoshi Son will become the chairman of the board of directors.
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Dish Network Drops Out From Clearwire Bid


Dish Network has decided to withdraw from their bid for Clearwire.  Dish Network offered $4.40 per share in their last bid for Clearwire, but Sprint outbid them at $5 per share.  Sprint is currently in talks with SoftBank for an acquisition.  Dish made an offer of their own for Sprint, but that deal fell through.
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