JoeClayton
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Dish Network to close more Blockbusters than originally anticipated, CEO confirms
Dish Network's curious Blockbuster project appears to be sputtering a bit, now that the company has confirmed that it will shutter more stores than originally anticipated. Speaking to Reuters at CES today, Dish Network CEO Joe Clayton confirmed that his company plans to close all Blockbuster shops that aren't turning a profit, and that some of the remaining stores will be converted into Dish customer service outlets. Back in July, the company announced plans to keep about 1,500 stores open, along with about 90 percent of Blockbuster employees, but those aspirations have since been derailed. "We are committed to keeping the profitable stores open that are generating positive cash flow, but there are ones that aren't going to make it," Clayton explained. "We will close unprofitable stores. We will close additional stores." The exec did not specify how many stores would be closed, nor did he offer any sort of timeline, but spokesman Marc Lumpkin said that the decisions would be made on a "case by case" basis.
Dish CEO denies talk of asset sale, commits to nationwide network
A new service trademark, a 67-page FCC application and a recently redefined brand? These are not the marks of a company looking to lend itself to the altar of M&A. After plunking down over a billion dollars on acquired spectrum, Dish appears dead set on launching its own wireless network, despite rumors of an impending asset sale and a regulatory hold up. In an interview at this week's CES, CEO Joe Clayton put to rest speculation that the satco was looking to place itself or its airwaves on the auction block, saying it was definitively "not part of [the company's] strategy." Regardless, that planned, nationwide LTE network is still a ways off for the pay TV provider, as its 2GHz holdings are still pending the Commission's approval. If and when the outfit gets the greenlight, expect a full buildout in three years time.
Dish CEO muses about partnerships and acquisitions, possibly Sprint or Clearwire
We've already heard that Dish Network was in the mix for a possible Hulu acquisition (which still isn't off the table), but it looks like the company could also setting its sights even higher. Speaking with Bloomberg, Dish CEO Joseph Clayton talked a bit about the possibility of getting involved with a wireless carrier, noting that it will "look at partnerships, acquisitions, all of the above." When asked if that could include an acquisition or partnership with Sprint or Clearwire, Clayton reportedly said, "could be," and added a "stay tuned" when asked more generally about the possibility of a Dish wireless network (which could benefit from some of the company's existing spectrum holdings). Head on past the break for a video of the interview.
