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DISH NETWORK CORPORATION

(DISH)
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Dish Network Files FCC Complaint Against Tegna -- Update

10/18/2021 | 02:33pm EST

By Kimberly Chin

Dish Network Corp. filed a Federal Communications Commission complaint against Tegna Inc., claiming the TV-station operator acted in "bad faith" during their latest negotiations over carriage fees.

Earlier this month, Tegna removed its local stations from roughly 3 million Dish TV subscribers in over 50 markets across the country, Dish said.

"Tegna's demands were both unreasonable and inconsistent. This behavior negatively impacts DISH subscribers, and we expect Tegna's bad behavior to only get worse," Dish's Senior Vice President of Programming Andy LeCuyer said.

The demands include having Dish pay for all subscribers in a local market regardless of whether they receive or want Tegna's programming or if they were Dish subscribers, the satellite broadcaster said.

Tegna called the claims "baseless and without merit" and said Dish had dropped hundreds of channels last year after refusing to reach an agreement with it.

"Tegna has been steadfast in insisting that all we want is to reach a fair deal, and we have worked constructively to achieve that goal," Tegna said in an emailed statement, adding that it believed its terms and conditions were fair and reflective of the marketplace.

Tegna said in late September that it is mulling acquisition proposals for its stations.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

10-18-21 1633ET

Stocks mentioned in the article
ChangeLast1st jan.
DISH NETWORK CORPORATION -2.24% 30.55 Delayed Quote.-5.53%
TEGNA INC. -1.67% 19.42 Delayed Quote.39.21%
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Analyst Recommendations on DISH NETWORK CORPORATION
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Financials (USD)
Sales 2021 17 921 M - -
Net income 2021 2 384 M - -
Net Debt 2021 12 470 M - -
P/E ratio 2021 8,00x
Yield 2021 -
Capitalization 16 155 M 16 155 M -
EV / Sales 2021 1,60x
EV / Sales 2022 1,77x
Nbr of Employees 13 500
Free-Float 47,2%
Chart DISH NETWORK CORPORATION
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DISH Network Corporation Technical Analysis Chart | DISH | US25470M1099 | MarketScreener
Technical analysis trends DISH NETWORK CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 30,55 $
Average target price 50,44 $
Spread / Average Target 65,1%
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Managers and Directors
W. Erik Carlson President & Chief Executive Officer
Paul W. Orban Chief Financial Officer & Executive Vice President
Charles William Ergen Executive Chairman
Atilla Tinic Chief Information Officer & Senior Vice President
Kannan Alagappan Chief Technology Officer & Senior Vice President
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