Word: ergener
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...holds-barred lobbying, for example. The subject of the hearing was legislation to allow satellite companies to relay local network signals to viewers, an idea promoted by McCain but opposed by the broadcast and cable industries. A major proponent of the bill happened to be a McCain supporter, Charles Ergen, head of the Dish Network. Less than a month after the hearing, Ergen held a fund raiser at his Denver home for McCain, reportedly raising more than $40,000. A few years later, Ergen's company gave more than $50,000 to a nonprofit institute that employed Davis...
...actions by asserting that his motivations are different from those of his more crass colleagues. "John McCain takes positions on legislative and regulatory issues based on his perception of the public good," writes Brian Rogers, McCain's campaign spokesman, in an e-mail. His position in favor of Ergen, aides say, was nothing other than an effort to bring more competition to cable providers, to lower prices for consumers. Likewise, his opposition to FCC ownership caps for television stations resulted from a long-standing belief that technological changes had made the old laws obsolete...
...audience will both tune in and interact. "There's been lots of saber rattling," says Krikorian. "But when you completely dive into this, you realize we're helping the industry.'' If nothing else, Sling has media titans in its corner. Its financial backers include moguls John Malone and Charlie Ergen, who respectively run Liberty Media Corp., the Colorado-based international media and cable company with cable operations around Europe, and Echostar, the second largest satellite-television provider in the U.S. Along with Goldman Sachs, they led a $46.6 million Sling investment in January. Doubtless, competition will come. Sony is marketing...
...Ergen brushed aside antitrust concerns, arguing that the relevant market is not satellite TV but all of pay TV--including satellite and cable. EchoStar currently has 6 million subscribers (who pay between $21.99 and $69.99 a month in programming fees). If the deal were to go through, the new company's 16 million subscribers would be only slightly more than the customer base of No. 1 cable company...
...wily Ergen, a Tennessee native and a onetime professional gambler, isn't giving up. His initial offer gave shareholders an 18% premium (that bonus decreased when EchoStar stock fell on the news), an amount that forced Hughes' management to take notice...