Struggling Satellite-TV Players DirecTV And Dish Merger Could Be Finalized Soon: WSJ
Struggling Satellite-TV Players DirecTV And Dish Merger Could Be Finalized Soon: WSJ
A merger would help DirecTV and DirecTV and Dish Network are reportedly in advanced talks to merge, potentially creating the largest U.S. pay-TV provider, with around 20 million subscribers. If completed, the deal could be announced in the coming days, the Wall Street Journal reported.
据报道，DirecTV和Dish Network正在就合并进行深入谈判，这有可能创建美国最大的付费电视提供商，拥有约2000万订阅者。据《华尔街日报》报道，如果交易完成，该交易可能会在未来几天内宣布。
According to Bloomberg, DirecTV, owned by AT&T Inc. (NYSE:T) and TPG Inc. (NASDAQ:TPG), will control the newly formed entity, though details are still under negotiation.
据彭博社报道，美国电话电报公司（纽约证券交易所代码：T）和TPG Inc.（纳斯达克股票代码：TPG）旗下的DirecTV将控制这家新成立的实体，尽管细节仍在谈判中。
The two companies have been steadily losing customers, with viewers opting for cheaper, more flexible streaming services such as Netflix Inc. (NASDAQ:NFLX).
两家公司一直在稳步流失客户，观众选择了更便宜、更灵活的流媒体服务，例如Netflix公司（纳斯达克股票代码：NFLX）。
A merger would help DirecTV and EchoStar Corp. (NASDAQ:SATS), Dish's owner, better compete with streaming services while addressing Dish's rising debt levels.
合并将有助于DirecTV和Dish的所有者EchoStar Corp.（纳斯达克股票代码：SATS）更好地与流媒体服务竞争，同时解决Dish不断上升的债务水平。
Charlie Ergen, co-founder of Dish, has long sought this combination, though regulatory concerns hindered previous merger attempts. However, shifting from traditional pay TV to streaming may change regulators' stance.
Dish的联合创始人查理·厄尔根长期以来一直在寻求这种组合，尽管监管方面的担忧阻碍了先前的合并尝试。但是，从传统的付费电视转向流媒体可能会改变监管机构的立场。
According to the WSJ report, DirecTV currently serves about 11 million customers, while Dish has 8 million, which is down significantly from its peak a decade ago.
据《华尔街日报》报道，DirecTV目前为约1100万客户提供服务，而Dish拥有800万客户，较十年前的峰值大幅下降。
The pay-TV industry has faced mounting challenges as viewers transition to streaming, with U.S. subscribers falling from 104 million in 2015 to less than 70 million in 2023. Both companies seek ways to cut costs and adapt to the rapidly evolving entertainment landscape.
随着观众向流媒体过渡，付费电视行业面临着越来越多的挑战，美国订阅人数从2015年的10400万下降到2023年的不到7000万。两家公司都在寻求削减成本和适应快速变化的娱乐格局的方法。
A deal would also include Dish's streaming brand, Sling TV, offering a broader range of services under the merged entity.
协议还将包括Dish的流媒体品牌Sling TV，该品牌在合并后的实体下提供更广泛的服务。
AT&T previously spun off DirecTV in 2021, moving it into a joint venture with TPG. The telecom giant took a $15.5 billion impairment charge in 2020 to account for subscriber losses, while Dish has shifted focus to building a wireless network, accumulating debt in the process.
At＆t此前曾在2021年分拆了DirecTV，将其转变为与TPG的合资企业。这家电信巨头在2020年收取了155亿美元的减值费用以弥补用户流失，而Dish则将重点转移到建设无线网络上，在此过程中积累了债务。
Regulatory hurdles remain a concern, particularly in rural areas where satellite TV has been a dominant service.
监管障碍仍然令人担忧，尤其是在卫星电视一直占主导地位的农村地区。
Price Action: At last check Friday, SATS stock was up 4.62% to $26.95 during the premarket session. T stock was up 0.18% to $21.69.
价格走势：在周五的最后一次检查中，SATS股票在盘前交易时段上涨4.62％，至26.95美元。t股上涨0.18％，至21.69美元。
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Image via DirecTV
图片来自DirecTV
