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FCC blocks media merger of EchoStar and Hughes
The FCC blocked an $18.8 billion EchoStar Communications and Hughes Electronics merger, citing a virtual monopoly and harm to millions without cable. The decision, 4-0, requires 30 days to amend and keeps doors open for antitrust talks with the Justice Department. EchoStar and Hughes vow to revise and pursue approval as they defend competition with cable and each other.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
EchoStar Communications Corp
Hughes Electronics Corp
FCC
Commission
EchoStar
Hughes
Justice Department
Richard Dore
Kenneth Ferree
Littleton
Colo
Dish Network
el Segundo
Calif