EchoStar Willing to Drop CBS in Dispute With Viacom
Thursday March 4, 4:36 pm ET
By Mark Wigfield
WASHINGTON -- EchoStar Communications Corp. (NasdaqNM: DISH - News) will drop the top-rated CBS network from its satellite television lineup rather than accede to demands of the network's owner, Viacom Inc. (NYSE:VIAb - News; VIA, VIAB), says Charles Ergen, EchoStar chairman and chief executive. "This is extortion at the highest level," Mr. Ergen told reporters Thursday following a speech sponsored by the free-market think-tank, the Progress and Freedom Foundation. "Viacom has crossed the line."
Read the rest at http://biz.yahoo.com/djus/040304/1636001167_1.html
Thursday March 4, 4:36 pm ET
By Mark Wigfield
WASHINGTON -- EchoStar Communications Corp. (NasdaqNM: DISH - News) will drop the top-rated CBS network from its satellite television lineup rather than accede to demands of the network's owner, Viacom Inc. (NYSE:VIAb - News; VIA, VIAB), says Charles Ergen, EchoStar chairman and chief executive. "This is extortion at the highest level," Mr. Ergen told reporters Thursday following a speech sponsored by the free-market think-tank, the Progress and Freedom Foundation. "Viacom has crossed the line."
Read the rest at http://biz.yahoo.com/djus/040304/1636001167_1.html