TITLE

Wall Street Sizes Up a Satellite Merger

AUTHOR(S)
Moss, Linda; Farrell, Mike; Hearn, Ted
PUB. DATE
July 2006
SOURCE
Multichannel News;7/24/2006, Vol. 27 Issue 29, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the possible merger of DirecTV Inc. and satellite-TV rival EchoStar Communications Corp. Rupert Murdoch's News Corp. owns 38% of DirecTV. According to Murdoch, they have to go a very painful negotiation with EchoStar chairman Charlie Ergen. According to one Wall Street analyst, a DirecTV purchase of EchoStar would result in a satellite giant that would create enough cost efficiencies to permit the combined company to move ahead with wireless broadband offering.
ACCESSION #
21743398

 

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