Dish Network Corp said on Tuesday Chief Executive Charlie Ergen has stepped down to devote more time to the company's emerging wireless business.
Carlson, most recently president and COO, will continue to report to Ergen, who now turns his focus to his emerging wireless business amid growing convergence and a battle between pay TV and phone companies for on-the-go consumers.
He'll stay as Chairman, and the company's promoting Erik Carlson to president/CEO from his previous post as president and chief operating officer.
Ergen's resignation comes as shares of Dish have fallen almost 11% this year as the company continues to bleed pay-TV subscribers. Brian Neylon will serve as Group President of Dish TV, in addition to his current duties of head of customer acquisition and retention, andWarren Schlichting, formerly EVP of Marketing, Programming and Media Sales, will become Group President for Sling TV.
Vivek Khemka will act as CTO, heading Dish Technologies. Scott will serve as an EVP and will join Dish's management committee in February, reporting to Carlson.
Each of the above will report directly to Carlson, as will EVP and general counsel Tim Messner, SVP and chief financial officer Steve Swain, and Corporate Communications vice president Robert Toevs.
Under the new structure Ergen's direct reports also include Corporate Development executive vice president Tom Cullen, Strategic Planning EVP Bernie Han, and Public Policy and Government Affairs senior vice president Jeff Blum.
Netflix (NFLX) Downgraded by BidaskClub
Barton Inv Mngmt has invested 26.23% in Netflix, Inc . (NASDAQ:NFLX) has "Buy" rating given on Wednesday, April 19 by Instinet. Finally, Capital Research Global Investors raised its position in shares of Netflix by 3.6% in the third quarter.
USA trade deficit rises to $48.7 billion on record imports
The Commerce Department said Tuesday that the trade gap rose 8.6 percent in October from $44.9 billion in September. Meanwhile, imports fell 1.6 per cent to $45.9 billion in October, mainly due to a drop in motor vehicles and parts.
United States law firm to investigate Naspers
Pressure is mounting on MultiChoice's parent company, Naspers over its relationship with the Gupta family. Naspers shares fell 4.1% to R3 480 as of 2.03pm in Johannesburg, the lowest in more than a month.