49.71 0.00 (0.00%)
After hours: 4:32PM EDT
|Bid||48.50 x 1000|
|Ask||50.50 x 100|
|Day's Range||48.70 - 50.09|
|52 Week Range||47.48 - 66.50|
|PE Ratio (TTM)||23.12|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
New data from Nielsen reveals the days of 10, 15 and 30 second ads is quickly fading as advertisers try to get their message out in less time than ever before. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Pras Subramanian discuss if this new model is sustainable.
Dish Network Corp.’s long-time corporate counsel will be stepping down from the company after 20 years next week to become the top legal mind for an online fantasy football giant. Dish has appointed Tim Messner, a company senior vice president, to be the company’s new general counsel who reports directly to CEO Charlie Ergen. Dodge remains on the board of EchoStar Corp., the Douglas County-based satellite services business also founded by Ergen.
Major U.S. pay-TV stocks like AT&T (T), Comcast (CMCSA), Charter Communications (CHTR) and DISH Network (DISH) have plummeted due to cord-cutting.
AT&T shares are falling Thursday, after the company warned of subscriber losses at its DirecTV unit. The company doesn’t report its third-quarter earnings until late October, but in a filing late Wednesday, it told investors to expect overall losses of about 90,000 video subscribers. While AT&T added about 300,000 subscribers for its new DirecTV Now streaming service, those gains weren’t enough to make up for weakness in the traditional satellite TV business, where it’s implied that the company lost 390,000 subscribers.
Dish Network Corp. and Chinese broadcast companies are claiming a win against a Florida retailer accused of piracy. The Douglas County company (DISH) said a Florida bankruptcy court ruled that a retailer accused of illegally streaming Dish programming through internet protocol TV can't use bankruptcy to shield himself from paying copyright infringement penalties. Dish said that the court ruled that Amit Bhalla, who allegedly sold streaming devices with unauthorized channels, will now have to pay $4.4 million to Dish and broadcast companies TVB USA, a broadcaster of Chinese programming, and China Central Television.
Hurricane damage in Puerto Rico and the Caribbean islands is keeping TV companies Liberty Global plc and Dish Network Corp. from providing service in region, and it’s not clear when either company’s business there will recover. Denver-based Liberty Global, the largest international cable TV operator worldwide, doesn’t know when it will be able to restore cable TV, broadband services or mobile phone after damage wrought by hurricanes Irma and Maria, the company says. Dish (DISH), the Douglas County-based satellite TV company, has turned off service to households in Puerto Rico and the U.S. Virgin Islands where the TV transmissions aren't accessible to ensure customers lacking power there aren't billed for something they can’t watch, the company said Monday.
Intense competition in the pay-tv market and cord-cutting continue to bother DISH Network (DISH). Its top-line growth remains under pressure due to absence of deals with wireless operators.
Last week was pretty eventful for the telecom industry despite most major telecom stocks losing value.
Sprint stock has given back a good chunk of its post-election gains. Save for a quickly reversed dip in May, S stock now trades at its lowest levels since December. The bull case for Sprint stock never was a perfect story: there’s a substantial amount of debt on the books, and Sprint long has lagged rivals Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T) in market share.
Dish Network Corp. is accusing a California broadcasting company of using the catastrophic hurricane that devastated Puerto Rico "to create ‘deal leverage'" in a programming retransmission fees fight. Douglas County-based Dish (DISH) is involved in the dispute with Lilly Broadcasting, which owns TV stations in Puerto Rico, the U.S. Virgin Islands, Hawaii and New York state. “Lilly is further blinding the citizens of Puerto Rico and the U.S. Virgin Islands at this time, showing an unbelievable lack of compassion, During this humanitarian crisis, it’s critical for people to have access to more information, not less, whether one home or 10,000 can access these stations," said Warren Schlichting, executive vice president of marketing, programming and media sales at Dish, in a statement.
In terms of customer retention, legacy pay-TV operators are yet to cope with the onslaught of low-cost online video streaming service providers.
Bulls and bears disagree on Dish Network's outlook but one common view is that its third-quarter subscriber losses could increase.