Another major media company, DISH Network, is in talks to merge with a communications provider, T-Mobile. Alternative TV providers are increasingly putting pressure on standard satellite and cable companies.
DISH Network Corp. is currently in merger negotiations with T-Mobile US Inc., Market Watch and others are reporting.
The companies are said to be in close agreement about how the resulting company would be structured. Other critical issues, like price, have not yet been worked out.
But, if the merger takes place, it will be the latest in a series of deals aimed at consolidating traditional media and communications companies that are being heavily challenged by new alternatives.
AT&T Inc. is nearing the conclusion of its deal to buy DirecTV for about $50 billion. That will create the US’s biggest pay-TV conglomerate.
Cable operators are clearly feeling the pinch from Internet TV platforms and alternative TV options. That includes a surge of consumers who rely on media streaming services like Netflix, Amazon Instant Video, and Hulu Plus to get their TV and movies.
Read the entire story here.