TITLE

Sorry, Charlie

AUTHOR(S)
Pomerantz, Dorothy
PUB. DATE
December 2006
SOURCE
Forbes Asia;12/11/2006, Vol. 2 Issue 21, p38
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the triumph of satellite company DirecTV Group Inc. over its rival Echostar Communications Corp. in the U.S. Echostar was charged of selling distant signals despite good reception of local stations. To be able to resume servicing distant signals, Echostar CEO Charles Ergen decided to settle with the stations owned by several broadcasting companies. Echostar is bound to lose $700 million a year due to the service cut back.
ACCESSION #
23515466

 

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