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DISH Network Corporation latest news:
Media sector suffers selloff after Disney, Comcast give guidance scaring investors
A handful of media stocks took a dive on Thursday after Walt Disney Co. warned that the media and entertainment company's 2017 earnings would be "roughly in line" with last year, and Comcast Corp. management told investors it is likely to lose 150,000 video subscribers during the third quarter. Comcast led the sector down, falling more than 7%, while Disney shares dropped more than 4%. Shares of Altice USA Inc. were down nearly 6% during intraday trade on Thursday, while shares of Viacom Inc. and 21st Century Fox Inc. were down more than 4%. CBS Corp. , AMC Networks Inc. and Sinclair Broadcasting Group Inc. shares fell more than 3%. Shares of Discovery Communications Inc. , MSG Networks Inc. and Dish Network Corp. were down more than 2%. In the year to date, Disney shares are down more than 6%, while shares of Comcast are up nearly 12% and the S&P 500 index is up more than 10% in the year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Dish announces new leadership structure for Sling TV
Dish Network Corp(DISH): * Dish announces new leadership structure for Sling TV. * Dish Network Corp(DISH) - will shift leadership of its over--top service, Sling TV, into Dish president and chief operating officer Erik Carlson's portfolio Source text for Eikon: Further company coverage:
Pandora Media names Roger Lynch as CEO
Music streaming company Pandora Media Inc (P) named Roger Lynch as chief executive on Monday, replacing interim CEO Naveen Chopra who will continue as the chief financial officer. Lynch previously worked as the founding CEO of Sling TV, Dish Network Corp's (DISH) online streaming service. Pandora shares were up 4.5 percent at $8.45 in after market trading.
Pandora names former Sling TV executive its CEO
Pandora Media Inc. late Monday announced that Roger Lynch will join the company as its CEO and president as well as a member the board of directors, effective Sept. 18. Naveen Chopra, who has served as Pandora's interim CEO since June, will continue in his role as chief financial officer. Lynch served as the founding CEO of Sling TV, and prior to that was an executive at DISH Network Corp. Pandora also announced it has also appointed Michael Lynton to its board of directors. Pandora's former CEO, Tim Westergren, stepped down in June. Shares of Pandora rose 5% after the announcement, and ended the regular trading day down 0.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Two big reasons Sinclair-Tribune TV merger should be nixed, opponents say
Several media entities including Dish Network and American Cable Association have filed their opposition to the Sinclair-Tribune merger.
Dish Network's profit falls sharply and revenue misses expectations
Dish Network Corp. reported a second-quarter net profit of $40 million, or 9 cents a share, down from $424 million, or 91 cents a share, in the same period a year ago. The FactSet consensus was for earnings per share of 74 cents. Revenue fell to $3.64 billion from $3.86 billion, missing the FactSet consensus of $3.72 billion, as subscriber-related revenue dropped to $3.61 billion from $3.83 billion. The company activated 444,000 gross new Pay-TV subscribers, down from 527,000 a year ago. The stock, which was still inactive in premarket trade, has rallied 10.5% year to date through Wednesday, while the S&P 500 has gained 10.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Dish, Amazon chiefs discuss wireless partnership: WSJ
(Reuters) - Dish Network Corp Chief Executive Charlie Ergen and Amazon.com Inc head Jeff Bezos have discussed a partnership to enter the wireless business, the Wall Street Journal reported, citing people familiar with the matter.
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