Dish Network CEO Charlie Ergen Calls It Quits After Buying Blockbuster

[CheeseMan]

http://www.deadline.com/2011/05/dish...ace-with-tivo/

Dish Network CEO Charlie Ergen's announcement that he'll turn the reigns of the No. 2 satellite company over to long time consumer electronics executive Joseph Clayton next month is a surprise. Ergen's recent decision to buy Blockbuster out of bankruptcy seemed to provide just the kind of challenge that would intrigue an executive who became a multi-billionaire by outsmarting and outlasting more powerful rivals including Rupert Murdoch. But while Ergen had become one of the most durable fixtures of the media business in his 31 years at the helm of the company he founded, he also provided plenty of signals that he was ready to pull back from the daily grind. Several years ago he drastically cut back on public appearances. He's almost invisible aside from presentations he pretty much has to make to reassure Wall Street analysts and his own sales teams. In 2009 Ergen gave up the CEO title at EchoStar, the unit he separated from Dish to develop electronics devices for consumers and the satellite company. Lately he has questioned whether the cable and satellite business model -- selling packages of networks to consumers -- can survive as Internet services such as Netflix make it easy for people to watch individual shows on demand. Ergen also has said that he'd let someone else run Dish once the company had found its footing. He apparently thinks Dish has as its stock spiked following the settlement of its 5-year DVR patent infringement dispute with TiVo, and its report of solid quarterly results helped by a recent increase in subscription prices. Ergen still controls Dish stock and will remain its chairman. Clayton had been chairman of Sirius Satellite Radio, and earlier helped to revive RCA as a consumer brand.

now dish is stuck with the shit called blockbuster! hahah

[Hot Head]

Hahaha Blockbuster is broke and anyone that owns it will start going broke or loose their mind.....

[Flantanella]

BAH HA HA HA. And here BBstoreMGR said they would keep all the stores open. What a fucktard

[Hot Head]

Originally Posted by Flantanella

BAH HA HA HA. And here BBstoreMGR said they would keep all the stores open. What a fucktard

Yes as kaw said bbstormanager please advise....

[Flantanella]

Yep he got the inside scoop. Dish will save blockbuster, blockbuster will be back on top with 40 bucks per stock. Pickles will still be sold in stores. And any worker not happy with the job condition is their own fucking fault.

[djblade]

This guy is old =\ and he knows he can't stay CEO forever till he dies

Whats wrong with him with retiring basically. He gave Dish a boost and wants to see some fresh blood turn Dish Network and Blockbuster into an awesome business. Congrats on the 31 years of business!

[zooworker]

Viacom saw what BBI was going to cost years ago, they got smart and BBI broke away and Viacom got lots of money milking that one.

[Glass Half Empty]

Originally Posted by djblade

This guy is old =\ and he knows he can't stay CEO forever till he dies

Whats wrong with him with retiring basically. He gave Dish a boost and wants to see some fresh blood turn Dish Network and Blockbuster into an awesome business. Congrats on the 31 years of business!

How much Kool Aid have you been drinkin', son.......