The latest on the US market for cable television (all times local):5:05 p.m.
ET: AT&T is moving forward with its $85 billion acquisition of DirecTV, according to Bloomberg.
The move will create the largest U.S. cable operator.
The deal includes DirecTv, DirecSling, Dish Network and Verizon FiOS.
AT&S said the deal will create 2.3 million jobs, bringing the company’s total number of U.K. jobs to more than 7.3 billion.5:10 p.ms.
ET, 6:50 p.mi.
Dish Network is buying Tribune Media, the nation’s largest independent newspaper company.
The Dish acquisition includes the Tribune brands Sports Illustrated, The Hollywood Reporter, Sports Illustrated Digital and Tribune Media News.
The company said it will invest $30 billion to improve its media brands and brands across the board.
The purchase will create 5.6 million jobs.5 p.s.
ET; 8 p.me.
ET Dish is expanding its DirecVoyager package with more channels and higher-speed data services.
The new packages add Direc, D-League, SportsNet LA, FS1 and NFL GameDay to its existing channels.
The package includes the NFL Network, ESPN, ESPN2, ESPNU, ESPN Deportes, ESPN Originals, ESPN Radio, ESPN Classic, ESPN Kids, ESPN Traveler and SportsCenter.5 a.m.: The US Justice Department has filed a lawsuit against AT&Ts $40 billion acquisition bid for Tribune Media.
The Justice Department alleges that AT&ts bid was “substantially inflated.”5:00 p.t.
ET The FCC has scheduled a hearing on a proposed merger between Tribune and Dish.
The FCC will hear a public comment period on Tuesday and Wednesday.4:50 a.d.
ET AT&s CEO commented on the latest earnings.4 a.p.m., AT&t reports its earnings for Q2, which includes the new Direcv deal and the Dish acquisition.
In its earnings release, AT&T reported net income of $1.47 billion.
This is up from $1 billion a year ago, but down from the $2.65 billion reported in the previous quarter.4.40 a.t.: Dish is launching a new $25 per month unlimited streaming video service called The OTT Experience.
Dish also announced that it is making an initial public offering of its stock, valued at $13.6 billion.
The stock has been trading on the Nasdaq since 1:42 p.r.
ET and is trading at about $15.40.4 p.p.: Dish has been ordered by a federal judge in Los Angeles to turn over all documents related to the Tribune acquisition, including financials, regulatory filings and the terms of the deal.
The order came after a court filing by the Justice Department, which argued that the company was in breach of the U.N. Convention on Contracts for the International Sale of Goods and that the merger could cause substantial harm to the U