“Dish Network Corp. (DISH)’s stagnating growth is increasing the pressure on Chairman Charlie Ergen to combine with rival DirecTV (DTV), 10 years after a failed attempt.
Ergen said this week that the two largest U.S. satellite-TV providers “have to consider” a deal, potentially joining a rush of consolidation in the telecommunications, cable and satellite-TV industries that has already topped $46 billion in the U.S. this year, according to data compiled by Bloomberg. Dish is facing declining profit this year, and analysts estimate sales will rise only 7.8 percent through 2014, less than 95 percent of the other cable and satellite-TV providers globally.”
If you enjoy the content at iBankCoin, please follow us on Twitter
