Charlie Ergen, co-founder of Dish Network satellite TV giant, is returning to the helm effective March 31 to succeed the retiring Joe Clayton.
The 61-year-old executive stepped down in 2011 to focus on long-term business development and acquisition strategy.
Ergen credited Clayton for engineering a transformation of the Englewood, Col.-based company and preparing a new class of management.
Before taking the CEO post in 2011, Clayton was chairman of Sirius Satellite Radio, president of Global Crossing America and CEO of Frontier Corp.
Dish, which has been squabbling with Time Warner and 21st Century Fox over carriage fees, recorded a 17 percent rise in 2014 profit to $945M on a 5.3 boost in revenues to 14.6M.
The company wound up the year with 14M subscribers who pay an average $83.77 monthly tab.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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