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<a href="http://www.accessmylibrary.com/article-1G1-120088305/fcc-rejects-proposed-20.html" title="Facts and information about FCC Rejects Proposed $20 Billion Merger of EchoStar, Hughes Electronics.">FCC Rejects Proposed $20 Billion Merger of EchoStar, Hughes Electronics.</a>
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FCC Rejects Proposed $20 Billion Merger of EchoStar, Hughes Electronics.
Byline: Heather Fleming Phillips
Oct. 11--WASHINGTON - The U.S. Federal Communications Commission rejected the proposed $20 billion merger of satellite TV giants EchoStar Communications and Hughes Electronics, saying the combination threatened to reduce competition, drive up prices for consumers and stifle innovation.
Littleton, Colo.-based EchoStar runs the Dish Network, and El Segunda, Calif.-based Hughes Electronics, a unit of General Motors, owns DirecTV. Together the two satellite TV companies reach 18 million viewers, more than 95 percent of the U.S. market.
Echostar tried to convince regulators that its purchase of DirecTV was necessary in order to compete against dominant cable TV companies. It also claimed the merger would ...
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