Liberty’s John Malone Urges Ergen to Merge Dish With DirecTV
Liberty Media Corp. Chairman John Malone urged fellow billionaire Charlie Ergen to combine Dish Network Corp. with DirecTV to get the advantages of bigger bulk in the pay-TV business.
“It would be good if DirecTV could combine with Echo or Dish or whatever Charlie calls it now just because scale economics in the media business drives down costs and makes it possible for larger investment,” Malone said in an interview at the Allen & Co. conference in Sun Valley, Idaho. “You need larger -- I’m not saying monopoly players -- but you need larger players.”
Dish, based in Englewood, Colorado -- across the street from Liberty Media -- retracted its offers to buy Sprint Nextel Corp. and Clearwire Corp. in June, leaving Ergen to contemplate his next move after long saying a DirecTV merger could interest him. Dish split from EchoStar Corp., a satellite-TV equipment manufacturer, in 2008. Ergen is chairman of both companies.
1 HR34-700, 1 C31-700, 1 HR24-500
Original install on April 20, 2008 - HR34 & C31 installed on August 24, 2013 - HR24 installed on July 23, 2010
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