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MarketScreener Homepage  >  Equities  >  Nasdaq  >  DISH Network Corporation    DISH

DISH NETWORK CORPORATION

(DISH)
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Dish Network : Fox Dispute Costs Viewers Access to Channels

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09/26/2019 | 04:32pm EST

By Micah Maidenberg

Dish Network Corp. and Fox Corp. are battling over a new contract, and the dispute has resulted in consumers losing access to a number of cable channels and local stations carried by the satellite-television operator.

Dish has been pushing against rate increases from entertainment programmers, at a time when many consumers are shifting to streaming services and giving up their pay-TV packages.

The two companies disagree over what caused the loss of access.

Dish said in a statement that Fox blocked customers of its network and its Sling TV streaming service from accessing local Fox channels in 17 markets, as well as cable channels such as FS1, Big 10 Network and Fox Soccer Plus.

"Fox's actions are profoundly anti-consumer," said Andy LeCuyer, senior vice president of programming at Dish.

Dish and Sling dropped the programming as a negotiating tactic, according to a Fox spokeswoman.

"Dish/Sling elected to drop Fox networks in an effort to coerce us to agree to outrageous demands," she said.

Fox Corp. and Wall Street Journal parent News Corp share common ownership.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
DISH NETWORK CORPORATION 0.81% 35.95 Delayed Quote.43.97%
FOX CORPORATION 0.15% 34.27 Delayed Quote.-28.78%
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Financials (USD)
Sales 2019 12 719 M
EBIT 2019 1 794 M
Net income 2019 1 360 M
Debt 2019 11 692 M
Yield 2019 -
P/E ratio 2019 14,2x
P/E ratio 2020 17,9x
EV / Sales2019 2,31x
EV / Sales2020 2,30x
Capitalization 17 725 M
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Technical analysis trends DISH NETWORK CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 42,71  $
Last Close Price 35,95  $
Spread / Highest target 167%
Spread / Average Target 18,8%
Spread / Lowest Target -27,7%
EPS Revisions
Managers
NameTitle
W. Erik Carlson President & Chief Executive Officer
Charles William Ergen Executive Chairman
John Swieringa Chief Operating Officer & Executive Vice President
Paul W. Orban Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer & Senior Vice President
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