WSJ: Dish considering merger with DirecTV
Dish Network is reportedly considering another attempt to merge with its satellite rival DirecTV, according to The Wall Street Journal.
Executives from the two companies have had general discussions about the merger in recent months, the Journal reported.
Back in 2001, Dish Network attempted to purchase Hughes Electronics Corp., which at the time owned DirecTV. The attempt was abandoned due to regulatory opposition.
On Monday, Dish Network reported a loss of about 25,000 subscribers in its second quarter, but the company’s revenue was still up 5.6 percent year-over-year to $2.91 billion, and profit was up nearly 50 percent.
The loss of subscribers in its second quarter could lead Dish to consider "a major strategic shift," the Journal said, such as reviving efforts to combine with DirecTV.
More Broadband Direct:
• Broadband Briefs for 8/05/08