John Corn
07-02-02, 11:35 AM
Thanks to Manical1, I'm going to stick this post up for the rest of the day.
LOS ANGELES -- After marathon talks that went down to the wire, EchoStar Communications Corp. Tuesday said it reached an agreement to continue broadcasting Fox Network owned and operated stations in 21 cities.
A spokesman for EchoStar said the negotiations, which ended just before the 1 a.m. Pacific time deadline, ended with a "multiyear agreement" to continue beaming those stations to viewers in Los Angeles , Denver , Philadelphia , Atlanta and other cities. EchoStar had threatened to cut off the stations after a three- year pact was set to expire early Tuesday morning.
Other details of the new agreement weren't immediately available.
The talks had been closely watched by Wall Street analysts and others as an indication of the willingness of News Corp. Chairman Rupert Murdoch, who controls the Fox Network, to continue working with EchoStar Chairman Charlie Ergen. The two media moguls had a falling out after EchoStar bested News Corp. last year in a bitter battle to take over Hughes Electronics Corp.
Rest Of The Story (http://biz.yahoo.com/djus/020702/200207020604000243_1.html)
LOS ANGELES -- After marathon talks that went down to the wire, EchoStar Communications Corp. Tuesday said it reached an agreement to continue broadcasting Fox Network owned and operated stations in 21 cities.
A spokesman for EchoStar said the negotiations, which ended just before the 1 a.m. Pacific time deadline, ended with a "multiyear agreement" to continue beaming those stations to viewers in Los Angeles , Denver , Philadelphia , Atlanta and other cities. EchoStar had threatened to cut off the stations after a three- year pact was set to expire early Tuesday morning.
Other details of the new agreement weren't immediately available.
The talks had been closely watched by Wall Street analysts and others as an indication of the willingness of News Corp. Chairman Rupert Murdoch, who controls the Fox Network, to continue working with EchoStar Chairman Charlie Ergen. The two media moguls had a falling out after EchoStar bested News Corp. last year in a bitter battle to take over Hughes Electronics Corp.
Rest Of The Story (http://biz.yahoo.com/djus/020702/200207020604000243_1.html)