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DISH Names Former Sirius Radio Head Clayton As New CEO

DOW JONES NEWSWIRES Dish Network Corp. (DISH) appointed former Sirius Satellite Radio Inc. (SIRI) Chairman and Chief Executive Joseph P. Clayton as its president and chief executive as the second-largest U.S. satellite-television provider looks to shift its strategy to maintain more subscribers. "Joe is a 38-year veteran of the consumer electronics, telecommunications and satellite communications industries and I am pleased to have him lead DISH Network as president and CEO," Chairman Charles W. Ergen said. "Joe brings an enormous amount of executive-level experience in the satellite and consumer electronics industries." The move, effective June 20, fills a vacancy left by Ergen, who was previously president and CEO. Ergen will stay on as chairman. Clayton previously served as Sirius' CEO from 2001 to 2004 and as its chairman from 2004 to 2008. Before that, he served as president of Global Crossing North America, as president and chief executive of Frontier Corp. and as Thomson S.A.'s marketing executive for the Americas and Asia. Dish has recently shifted its strategy by attempting to attract more affluent customers who are willing to spend more each month on video and less likely to cancel their service, emulating rival DirecTV Group Inc. (DTV). Dish and former subsidiary EchoStar Corp. (SATS) earlier this month ended a seven-year patent dispute with TiVo Inc. (TIVO) over digital video recorder technology by agreeing to pay TiVo $500 million. At the same time, the company said its first-quarter profit more than doubled from a year earlier, and it reported subscriber growth for the first time since the second quarter of 2010. Dish shares closed Friday at $28.81 and were inactive premarket. The stock is up 47% so far this year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; [email protected]

Stock News for Sirius Xm Radio Inc. (SIRI)
DateTimeHeadline
01/19/201712:13:00SiriusXM to Provide More Than 34 Hours of Programming from 2017...
01/17/201713:04:00SiriusXM to Announce Full-Year and Fourth Quarter 2016 Results
01/13/201711:00:00SiriusXM Hits 1 Channel Expands its Daily Live Broadcasts from...
01/11/201716:13:32Statement of Changes in Beneficial Ownership (4)
01/11/201709:00:00Jim Parsons to Host New Weekly Talk Show Exclusively on SiriusXM
01/05/201708:41:21Current Report Filing (8-k)
01/05/201708:00:00SiriusXM Exceeds 2016 Subscriber Guidance; Issues 2017 Subscriber...
01/03/201712:12:00David Frear to Present at the Citi 2017 Internet, Media and Telecommunications...
12/29/201616:18:00George Michael Tribute Channel, "Faith," Launches on SiriusXM
12/21/201610:13:00SiriusXM Presents Extensive Live Concert Lineup on New Year's...
12/20/201612:31:00SiriusXM to Add Critically Acclaimed Podcasts, Shows to Insight...
12/15/201614:00:00SiriusXM to Air 34 College Football Bowl Games This Postseason
12/14/201610:00:00SiriusXM Welcomes "Class of 2016"and Reveals "Future Five" for...
12/13/201616:22:17Statement of Changes in Beneficial Ownership (4)
12/07/201615:15:00Barstool Sports and SiriusXM Team Up for New National Daily Show
12/06/201616:09:42Statement of Changes in Beneficial Ownership (4)
12/06/201610:15:00SiriusXM Teams Up With AT&T to Provide 4G LTE Connectivity Available...
12/02/201610:26:00Pandora Media Open to Sale -CNBC's Faber
12/01/201616:32:08Statement of Changes in Beneficial Ownership (4)
12/01/201616:29:52Statement of Changes in Beneficial Ownership (4)

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