Spending an already low cash reserve out of a hole never works. Economists of the future will use the DTV/AT&T/Warner/Dish/ debacle as a prime example of how not to run a company.
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Die Zombie Die!
How long will it take to lose 60% of subscribers? Took about 8 yrs for dtv.
And it's a 2nd to 3rd new generation entering the workforce. My kids don't even turn on our cable or hbo max even though it is free to them. They use their phones, nflx, amzn, youtube, insta for entertainment needs...again, all free/paid by us. With subs currently facing inflation, retiring/retired on fixed income...choosing food or cable is an easy choice to me. The retired generations had internet or rabbit ears so can adapt. Once local channels are retransmitted via diff outlets or made easier to access (fake market right here!)...no more need for cable. Every platform has a version of some reality/hdtv so waste of money really.
So are dish employees dish employees until the deal closes?
Deal closes in 4th quarter of 2025. Also TPG buying out AT&T's share of DTV.
How soon are layoffs likely to start?
This is a prime example of throwing more money after bad. When those DISH customers see their new DTV/DISH bill, they're going to cancel that sh-t so fast. All this is really doing is giving a big F-U to DISH customers and DTV trying to stay relevant for a couple more years.
New company's name will be DirectDish. Lol.
Wondering how the brands would merge? Wondering will dish employees be brought over to the new company?
Wondering where the money to combine is coming from...the richies really want to stretch out their siphoning through the next decade.